• Leo Kolivakis
    07/30/2010 - 17:29
    In the first quarter, the US economy grew by 3.7%, revised up from an originally reported 2.7% increase. But growth estimates all the way back to the start of 2007 were revised lower. Moreover, the level of real GDP in Q1 was revised down by $100 billion. Does this mean the secular bull market in bonds will continue? And are Treasuries the "last diversifier left"?
  • Vitaliy Katsenelson
    07/30/2010 - 13:51
    The Japanese economy operates on the assumption, soon to be proved false, that the government will always be able to borrow at low interest rates. As internal demand evaporates, the government will have to start hawking its debt outside Japan — in a more realistic world, where interest rates are a lot higher.
  • Phoenix Capital Research
    07/30/2010 - 09:55
    Dear Mr. President, You don’t know me, but I was one of the millions of Americans who voted for you in the last election. I have since been fairly critical of your Presidency largely because I, like many others, feel betrayed by the policies you have enacted upon winning said election.

British Navy On Standby Over Falkland Oil Dispute, Gordon Brown Issues Explicit Warning To Argentina

Tyler Durden's picture




"Royal Navy warships were on standby on Thursday to protect commercial shipping to the Falkland Islands as Gordon Brown said Britain would take a robust stand against Argentine encroachment on the resource rich South Atlantic territory." One would guess that a war between Britain and Argentina is simply the latest thing that would bring the market to an uncontrolled, frenzied melt up (on give or take 3 shares). And while the US market responds to no external stimuli any more, this latest development reported by Telegraph, will likely not help the Gilt's recent concerns.

HMS York, a type 42-destroyer, was on a "tight leash" patrolling the seas around the islands in response to rising tensions over British firms oil explorations activities near the Falklands. Argentina has demanded a halt to "illegal" oil drilling around the Falkands and on Wednesday imposed a permit system on ships passed from its ports to the island.


Gordon Brown, the prime minister, issued an explicit warning to the Argentinian government that the South Atlantic show of force – which also included a survey vessel backed up by a 1,000-strong military detachment on land – would respond to any disruption of the Falklands links to the outside world.


A statement from the Ministry of Defence pointedly referred to the deterrent role that all British forces, including the Navy, were playing in the South Atlantic. "A deterrence force is maintained on the islands. That deterrence force comprises a wide range of land, air and maritime assets which collectively maintain our defence posture."


Navy commanders said the prospect of the Argentine disruption of shipping in the area was real.


"This is modern defence diplomacy in action," an MoD official said. "The warships are there to protect the UK interests in the South Atlantic. If the Argentines were interfere with the free movement of shipping on the high seas that would be illegal and we would make a decision to use our deterrence force."

So let's get this straight: we are hearing Iran is working on a nuclear warhead, an alleged rogue Mossad force in Dubai killing Hamas operatives, Greece about to file, Britain getting punished by a term that was in vogue when people still listening to a Flock of Seagulls, tax refunds getting halted, and now a possible redux of the Falklands war, and what do we have? A market that is up nearly 1% on vapor as a major "technical level was breached." The backstop - assorted central banks will be forced to rotate the "print" dial to Turbo Max. All we can say is LOL.

5
Your rating: None Average: 5 (4 votes)



by Eduardo
on Thu, 02/18/2010 - 15:47
#235988

WOW! Gordon, take it easy! The Argentinian Gov just let you know that you cannot use Argentinian ports without a permit.

If your country is in the trashcan thanks to your own neocon economical policies, it doesn't mean that you have to go to war to cover it up. The loosing war against the bond vigilantes is really making you nervous. Now you dream of digging your way out of the mess by swimming in stolen oil.

And the Islas Malvinas are Argentinians as we all know ... geez ridiculous !

 

by Anonymous
on Thu, 02/18/2010 - 16:00
#236102

"And the Islas Malvinas are Argentinians as we all know ... geez ridiculous !"

Get tae fuck. The Falklands and South Georgia islands have been British longer than Argentina has been a sovereign state. They The only claim Argentina can possibly have over them is via Spain and the treaty of Tordilas, and in that case, Spain and Portugal should control the whole of South America.

Yes our navy is shit (years of underfunding by an appalling government) but there is no way that the Argentinian navy has anything like the capability to invade the islands again. There is a permanent 1,000 strong marine presence, Typhoon jets and coastal batteries (unlike in the 1980s) whereas the Argentinian navy still relies on a few US made Korea/Vietnam era jets.

Regardless, this is all political posturing - this is highly unlikely to develop into anything. If the Argentinians were smart, they would welcome the oil industry into their ports & develop a southern oil hub for technology, shipping, refining and research for the Falklands oil (if there is any) and future developments in Antarctica. The fact that they are prepared to rattle their sabers just shows up the poor domestic situation in conically poorly governed Argentina (although I do accept our government is just as shit).

by Gold...Bitches
on Thu, 02/18/2010 - 22:03
#236990

Can you say Grenada and Ronald Reagan?  Brown is low in the polls.  Surest way to go up in polls is to start a war that someone else 'forced' on you and that poses no real threat.  

by Keyser Soze
on Fri, 02/19/2010 - 00:02
#237145

Frankly, I don't know WTF the UK thinks it's doing across the ocean in this day and age. Guys, look after your own crap, not the crap you stole a century ago.

by Anonymous
on Sat, 02/20/2010 - 12:28
#238754

The permit scheme was introduced to stop current ships docked in argentina with materials from moving onto the falklands shortly. The argie govt have never been interested in the falklands, only oil and either staying in power or getting into power, what about all the other argy islands, anyone over there interested in them?

by FreakuentFlyer
on Thu, 02/18/2010 - 15:34
#235993

3 shares? no kiddin - everyone is too busy posting comments on ZH articles. what have you done??????

by Joe Sixpack
on Thu, 02/18/2010 - 15:40
#236015

I wonder if Obama will support Britain or the Monroe doctrine (we know what Bush Jr., son of Sir George Bush, did).

by Fritz
on Thu, 02/18/2010 - 16:28
#236206

Nothing like a brutal Faulklands conflict to deflect the headlines and rally the citizenry.

 

by Anonymous
on Thu, 02/18/2010 - 15:40
#236019

Fuck the UK !

They are in the same trash can together with the US.

War mongers & liers.

How can you call yourself CHRISTIANS ?

SHAME ON YOU ALL.

by Stuart
on Thu, 02/18/2010 - 16:38
#236187

you spelt liars wrong.   It's L-I-A-R-S not L-I-E-R-S.

Interesting to see in the same post.

"Fuck the UK!"  and "How can you call yourself CHRISTIANS?"

by lizzy36
on Thu, 02/18/2010 - 15:45
#236029

Odd-lot trading on upticks has been the norm over the last year. Calm before the storm. .  We get $126B in U.S supply next week. Greece, Portugal and Italy all looking to issue debt.  And already Greece is asking for clarification on EU support (in an interview with Reuters http://www.reuters.com/article/idUSTRE61H4XD20100218) "If the EU gave a clearer indication of the mechanism that might be used, in an emergency, to help Greece, bond spreads would fall and a rescue would not be needed, Papaconstantinou said".  Oh yes, you yanks may yet get to bend over in the name of Greece: Papaconstantinou said while Greece respected the euro zone's principle of dealing with fiscal problems by itself, it did not rule out seeking International Monetary Fund assistance, although it was not actively pursuing that option.

by MsCreant
on Thu, 02/18/2010 - 16:04
#236121

Breaking News Alert: US has just announced that they will backstop all the debt of the entire planet.

http://justgetthere.us/blog/uploads/money-printing-press.jpg

Ben and Tim, the Dukes of Moral Hazard: Yeeehaw!

by Missing_Link
on Thu, 02/18/2010 - 16:25
#236194

Ben and Tim, the Dukes of Moral Hazard

+1

by Anonymous
on Thu, 02/18/2010 - 16:46
#236279

That machine is printing 1-dollar bills. Clearly we aren't going to get out of this using ones!

by MsCreant
on Fri, 02/19/2010 - 13:31
#237817

I liked the speed at which the machine looked like it was running but you are right.

by Gimp
on Thu, 02/18/2010 - 15:47
#236041

Oh I am scared. The British Navy is down to about ten ships and the boat used on Gilligan's Island thanks to the Labor Government that has cut the navy down to nothing so they can use the money to pay for all the welfare programs they have in place.

Rule Britannia no more I think.

by DoChenRollingBearing
on Thu, 02/18/2010 - 15:51
#236064

I'd give you 3:1 Britannia wins vs. Argentina if it comes down to a fight.

by Ragnarok
on Thu, 02/18/2010 - 16:03
#236112

Of course GB would win, you can't find a single professional fighting force on the whole of the continent of South America.

by THE DORK OF CORK
on Thu, 02/18/2010 - 16:33
#236222

You forget that the UK was fighting conscripts during the 1982 War

The military Junta was in a very vulnerable political postion at the time and needed its more reliable forces at home so they withdrew those forces after the initial invasion.

That being said you can never underestimate the British but I feel they have stretched themselves to much even by their standards.

by Anonymous
on Fri, 02/19/2010 - 12:26
#237720

Oh boy, the sheer ignorance in this post ruined every ironic and/or comic intent.

by THE DORK OF CORK
on Fri, 02/19/2010 - 14:54
#237962

Ok Mr Anonymous I accept I was talking out of my ass on that one , please accept my humble apologies

by ZerOhead
on Thu, 02/18/2010 - 16:06
#236103

Not only that but the Type 42 destroyers exhibit a serious design flaw. The superstructure is built of a light weight high magnesium/aluminum alloy. In laymans terms it means that the boat itself will burn like a heretic at the Spanish inquisition when hit.

Guess they didn't learn from the last time when they sent the H.M.S. Weenie Roast (Sheffield) down to the Falklands... Exocet missile anyone?

http://en.wikipedia.org/wiki/Type_42_destroyer

http://en.wikipedia.org/wiki/HMS_Sheffield_%28D80%29

by Hephasteus
on Thu, 02/18/2010 - 16:29
#236209

Those british love thier smoldering aluminum armor.

by Anonymous
on Fri, 02/19/2010 - 21:26
#238369

The only problem for the Argentinians is that they're *still* using Exocets. I'm really not convinced that they have the capability to deal with the modern electronic warfare on board british ships.

by MarketTruth
on Thu, 02/18/2010 - 16:12
#236148

And remember some British dolt sold all your gold at rock bottom pricing years ago.

 

PS: The Skipper and Gilligan want their boat back.

by Postal
on Thu, 02/18/2010 - 15:47
#236046

...when people still listening to a Flock of Seagulls

You're showing your age. ;)

by Misha
on Thu, 02/18/2010 - 15:48
#236048

The government has every right to ban UK and proxy interests from the use of ports and facilities in Argentina if they feel like it. Might as well expell the UK banking interests.

What are they going to do? ship the Argentinian immigrant back? LOL

by Hephasteus
on Thu, 02/18/2010 - 15:49
#236050

Can exocet missiles still fix this?

by Problem Is
on Fri, 02/19/2010 - 03:01
#237260

A couple of exocets fired at those oil rigs ought to put an end to any British drilling infringement...

The Falklands cries out for drones... The Carlyle Group could clean up selling land minds and drones to both sides... Think of the profit!!

by 10044
on Thu, 02/18/2010 - 15:49
#236052

So "that's" the war everybody's been anticipating, forget the mid-east then. Gold $7k, lol

by ATG
on Thu, 02/18/2010 - 20:07
#236834

Gold & oil down if that's a clue...

by Anonymous
on Thu, 02/18/2010 - 15:51
#236060

I just watched this again last night for 2nd time for refresher: http://video.google.com/videoplay?docid=4353655982817317115&ei=cad9S8zSCpCElge0xvXtBw&q=argentina+collapse+movie&hl=en&view=3#

by THE DORK OF CORK
on Thu, 02/18/2010 - 15:51
#236063

The Royal Navy is a shadow of its former self and can no longer mount a expeditionary force to the South Atlantic.

Horror of horrors they might have to ask the French very nicely to send the Charles De Gaulle down south to protect their interests.

Now that would be funny

by DoChenRollingBearing
on Thu, 02/18/2010 - 15:53
#236070

They just ask their friends in Chile.  Game over.  You lose Argentina.

by Anonymous
on Thu, 02/18/2010 - 17:39
#236482

They have two carriers.

http://en.wikipedia.org/wiki/List_of_active_Royal_Navy_ships

by THE DORK OF CORK
on Thu, 02/18/2010 - 18:28
#236615

Correction illustrious is getting a refit in Scotland

God knows what the Ark Royal is doing

news.bbc.co.uk/2/hi/uk_news/scotland/8492359.stm

Maybe the argies will get their timing better this time but their armed forces are in  piss poor performance as well

The whole thing is a farce.

by BernankeCo
on Thu, 02/18/2010 - 15:55
#236078

EOD rally again in stocks..bfft

by Get_to_the_choppa
on Thu, 02/18/2010 - 15:57
#236086

Good lord, we're going to have a re-do of the Falklands war?  Really Brownie...really?

by Anonymous
on Thu, 02/18/2010 - 16:12
#236149

Except that: This time The Archies probably have more than the Eight Excocets they had last time and Britain has fewer ships in the sea to blow up. Not that it matters to Gordo Bronie-pants.

by Anonymous
on Thu, 02/18/2010 - 15:58
#236095

Looks like Brown trumps Obama (again) in playing the 'war' card.

by THE DORK OF CORK
on Thu, 02/18/2010 - 16:10
#236098

The RAF do have some assets in Stanley

 

 www.fast-air.co.uk/RAF-Coningsby-Falklands-Typhoon-Flight-1435.htm

They will have to depend on the few again

There is  a lot of criticism of Neville Chamberlain for obvious reasons but he was responsible for the dramatic rearming of the Empire and the Spitfire funding

Gordon Brown on the other hand............

by Racer
on Thu, 02/18/2010 - 16:03
#236104

The  thing about this market....

 

computers can't read words... they only involve themselves with numbers and moving lines moving from number to number on a chart and the pretty patterns they may (not earnings numbers of course because they have some words that go with the numbers and they are not located in an easy to program fashion)

 

News 'events' are just a time when the numbers move around and oscillate at a different rate and more money can be scalped from the vibrations around the number lines

 

by Anonymous
on Thu, 02/18/2010 - 16:01
#236105

Does ZH think we get a weimar republic melt up? If all hell breaks lose is that bad news for stocks? I'm just as confused as anyone here!

by msorense
on Thu, 02/18/2010 - 16:08
#236135

Wow.  Let the battle begin.  Who will win?  The bankrupt colonial empire or the bankrupt nation?

by MarketTruth
on Thu, 02/18/2010 - 16:31
#236217

In 2010 after many nations claimed bankruptcy they became the next leading world empire and with this form of money after all paper currencies collapsed.

Who is China and what is gold Alex (Trebek).

 

 

by Kitler
on Thu, 02/18/2010 - 16:44
#236272

Goldman Sachs unquestionably.

by Anonymous
on Thu, 02/18/2010 - 16:17
#236172

This just in: US troops to invade Grenada in "Best Wars of the Eighties" revival....

by Anonymous
on Thu, 02/18/2010 - 16:25
#236193

I feel like I've seen this conflict before....

by DavidC
on Thu, 02/18/2010 - 16:30
#236212

Gordon Brown - bollocks.

I can't help feeling that, if there were a replay of the Falklands War, Gordon would come out on the losing side. Much as he will do in the forthcoming General Election. He's managed to overstay his welcome as an unelected Prime Minister. Would Nick Clegg or David Cameron do any better? Unfortunately, no.

At some point, very soon, it's all going to go tits up. Forgive my colloquialisms in this post.

DavidC

by Anonymous
on Thu, 02/18/2010 - 17:31
#236456

Prime Ministers aren't elected. Parties are.

by Anonymous
on Thu, 02/18/2010 - 16:56
#236323

Flock of Seagulls...lol!

Hope there is no war tho.

by Misha
on Thu, 02/18/2010 - 17:03
#236335

The Pom's just have to come up with a story to hide that their deficit is worse then Greece.

 

If they send the Navy half the boats might run out of fuel before they get there.

 

Argentina has no need whatsoever to engage them, they can just kick back, eat some asado, drink some wine, and the problem will fix itself.

 

by DavidC
on Thu, 02/18/2010 - 17:03
#236336

Gordon Brown - bollocks.

I can't help feeling that, if there were a replay of the Falklands War, Gordon would come out on the losing side. Much as he will do in the forthcoming General Election. He's managed to overstay his welcome as an unelected Prime Minister. Would Nick Clegg or David Cameron do any better? Unfortunately, no.

At some point, very soon, it's all going to go tits up. Forgive my colloquialisms in this post.

DavidC

by DavidC
on Thu, 02/18/2010 - 17:05
#236341

Apologies - double sent for some reason unknown to me!

DC

by Problem Is
on Fri, 02/19/2010 - 02:54
#237259

It is just the NSA monitoring your Internet traffic.

Diverting your activity through AT&T data control black box sometimes causes disconnects and delays...

Not to worry... Just remember to show up an extra hour or two early at the airport as many ZH commenters are on the official Terrorist Watch List. And ZHers don't get a free pass like the crotch bomber...

by BernankeCo
on Thu, 02/18/2010 - 17:09
#236366

The reason I'm asking is that the artcles I read say he owned it... so how badly off could things have been?

by Ripped Chunk
on Thu, 02/18/2010 - 17:19
#236405

All the old line imperialist nations (UK, USA) Invade and take control of oil supplies.

Must keep the trajectory upward

Must keep printing

Must keep oppressing

Must continue to grow old line wealth exponentially

Towers open fire

 

 

by THE DORK OF CORK
on Thu, 02/18/2010 - 17:20
#236407

The most likely explanation is the Argies are diverting their populace from some more mundane events  - they are bored and need to stir the shit a bit to make life more colorful for the masses

by Ripped Chunk
on Thu, 02/18/2010 - 17:22
#236419

Carlin on war

http://www.youtube.com/watch?v=dfLgub2dhb4

We like war

We are good at it

 

by Gimp
on Thu, 02/18/2010 - 17:42
#236499

Little known fact - last Falkland Island conflict where the Argentines sunk a few ships using Exocet (French made) missiles the Royal Navy not only had to worry about the lightweight aluminim superstrutures of their ships that burn't quickly but the sailors themselves wore uniforms that were made of polyester and they suffered horrible burns due to the melting fabric.  FYI - The US Military working fatigues are made of cotton.

If the conflict was decided over a soccer match my money is on the Argentinians. 

by Shameful
on Thu, 02/18/2010 - 18:00
#236535

"Cripple Fight"

I mean come on. We have a broken shell of an empire that is now a hollowed out empty nation threatening a backwater 3rd world dictatorship. I mean really who does Gordon Brown think he is, president of the United States?

by Gimp
on Thu, 02/18/2010 - 18:06
#236553

LOL ..

Gordon Brown's party is down 20 points against the Conservatives which makes it "distract the sheep time". He may take on the Azores on his way down South just for fun.

 

by Ripped Chunk
on Thu, 02/18/2010 - 19:14
#236741

+ !

by Anonymous
on Thu, 02/18/2010 - 18:15
#236580

nothing like a splendid little war to take one's attention off of an imploding gilt....

by THE DORK OF CORK
on Thu, 02/18/2010 - 18:15
#236581

There is a RN hunter killer heading down south at high speed ,that is if it is not there already.

by Anonymous
on Thu, 02/18/2010 - 18:19
#236592

This sabre rattling by Argentina is another form of the growing nationalism throughout the world. As people become more aware of the prevailing dominant power structures they feel their identity is threatened and react in a defensive, protective manner. As new information and reality seeps into one's brain people have to absorb the data and re-adjust their orientation and perspective. Human beings are extremely attentive to existential threats to their being. The Argentines may feel that the Malvinas is theirs by virtue of proximity, but I don't think the British presence will be removed. I wonder how many Argentine leaders and economists actually believe the universe is stable, ordered, benevolent and expansive. There are abundant “natural” resources. Scarcity is a mindset.

by Anonymous
on Thu, 02/18/2010 - 18:43
#236669

pumas would win not only in soccer, but in rugby as well

and argentina, just lease malvinas for 99 years to some serious little nation like india, china, or taiwan

a winwin situation

remenber dresden

by Anonymous
on Thu, 02/18/2010 - 18:44
#236673

There is a recently discovered 70 billion barrel oil field off the falklands. Enough to go to war over that's for sure.

To put that in perspective it is the same size as the Saudis largest field Ghawar, which is the largest oil field in the world.

Maybe things won't be so bad for Britain in the future.

by Anonymous
on Thu, 02/18/2010 - 18:46
#236680

Brown needs to make it clear that the Falklands are British territory, and any attack on the islands will legitimize a counterattack on the Argentinian mainland. The Archies have little to lose if the fighting is confined to the islands.

by Hephasteus
on Thu, 02/18/2010 - 19:21
#236750

Why can't "UK Interests" just be pornographic where you suddenly lose interest and get off and leave. Why must they endure endlessly.

by Anonymous
on Thu, 02/18/2010 - 19:43
#236786

who is the largest landowner in argentina? Margaret Thatcher and her family. Did the Argentines seize her land during the falklands war? No. I think the argentines deservea a break here. England has not been good to Argentina but all the argentines are asking is for it to respect their right to control their own ports. Thatcher needs to understand argentina is hot her personal banana republic to do with as she pleases.

by darkpool2
on Fri, 02/19/2010 - 00:11
#237160

ADMIRALTY OFFICIAL.....Mr Brown Sir !  Armada of Black Swans approaching Tower Bridge. Shall we launch HMSS Rubber Ducky to repel?

No,HRH doesnt want to be disturbed during Afternoon Tea.

A O   Well Sir we have 2 second hand frigates available that we could

dispatch PDQ to the Falklands. If you recall, it worked out quite well last time......yes Sir, you can Google it..

BROWN.....excellent idea....dispatch them right away, and while they are down there, have them fill up and also check if there is any spare oil lying around. You know the North Sea isnt what it used to be, and those damn creditors keep calling 

 

 

É

by Problem Is
on Fri, 02/19/2010 - 02:46
#237256

Gordon Brown is Desperate for Votes

After this phonied up military "crisis" and PM Super Hero to the Rescue ends impotently...

Expect George Bush style $600 tax cut "Vote for me!" bribe checks followed by free English Monica Lewinsky Blow Jobs for every Labour vote program...

Gordon Brown... Cheesy British used car salesman extraordinaire... Somebody give that clown the hook...

by laughing_swordfish
on Fri, 02/19/2010 - 04:21
#237283

Re: Falklands War Redux.

If it comes to fighting, Britain to repeat its 1982 victory.

While the RN may be somewhat smaller than in the eighties, it's no less professional and, the Argetine Army and Navy are proportionally smaller as well.

The reason? Both countries are technically bankrupt and have reduced arms spending accordingly. But, a major difference this time is that there is a British garrison on the islands with sufficient naval and air assets to put up a fight.

Look for the Brits to tighten the cordon in the 200nm economic exclusion zone around the islands and harass a few Argie fishermen.....

 

KrvtKpt. laughing swordfish

Kmdt iD --RMGschKhl

 

 

by Problem Is
on Sat, 02/20/2010 - 01:07
#238504

"Both countries are technically bankrupt and have reduced arms spending accordingly."

Doesn't Have to Be That Way

The US is bankrupt yet our government keeps INCREASING those arms spending and war budget. Go Bennie Bernank-ster Bucks!

by Anonymous
on Fri, 02/19/2010 - 11:53
#237663

I sure hope that they don't go to war. I've got quite a bit of stock in the oil company that has that oil lease.

by Anonymous
on Fri, 02/19/2010 - 12:40
#237744

Falkland islands are and have been British for more than 150 years. What do WE ARGIES could contest that?
This was written by a rational ARGIE.
José

by Anonymous
on Sun, 02/21/2010 - 09:27
#239160

the islands were stolen in 1834 by our british naval force. we should do the right thing and return them but instead we act like thugs and criminals and brandish our guns. you supporters of this crime make me ashamed to be british and give us a bad name as people

by Tom123456
on Mon, 04/19/2010 - 07:21
#307572

ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. The company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages. cheap vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customers to easily upgrade their software, install it or even solve their problems. ucvhost offers the following different packages to its customers

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.