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As David Cameron Resignation Odds Surge From 100/1 To 8/1 In Hours, Is UK Default (And Contagion) Risk Set To Follow?

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Mon, 07/18/2011 - 22:27 | 1468906 km4
km4's picture

And Murdock will just find a new CEO and remain the power broker behind the scenes like Putin in Russia and Goldman Sachs in America ;)

Tue, 07/19/2011 - 00:04 | 1469112 BobPaulson
BobPaulson's picture

No, the people behind Murdoch stay in power, Murdoch goes apparently.

Tue, 07/19/2011 - 01:03 | 1469239 Oh regional Indian
Oh regional Indian's picture

Apparently being the key word bob.

Onwards and upwards to the great KenLay/Saddam/hitler?/Osama playground in the BSkyb.



Tue, 07/19/2011 - 01:24 | 1469267 old naughty
old naughty's picture

good observation, BP and ORI.

Rumble and tumble...started with DSK. There's no stop now (not that ever there was one).

Speeding up. Spain, Italy, UK...Appears NOT-in-waiting.

London calling, in-deed.

Mon, 07/18/2011 - 22:29 | 1468908 Seymour Butt
Seymour Butt's picture

The whistleblower has been found dead. When you thought it couldn't get any worse...

Tue, 07/19/2011 - 08:56 | 1469648 snowball777
snowball777's picture

And before he could cash in on his book deal too.

Mon, 07/18/2011 - 22:30 | 1468910 KeyserSoze
KeyserSoze's picture

Corporatism at its finest.... bitchez.


*New-ish to ZH*

Mon, 07/18/2011 - 22:34 | 1468918 jdh2358
jdh2358's picture

No -- it's that sovereign currency issuer thing.

Mon, 07/18/2011 - 22:42 | 1468938 scratch_and_sniff
scratch_and_sniff's picture

This is turning into a runaway train, though if Cameron has half the nerve that Gordon Brown had he will try and laugh this off, i cant see him departing this early in the soap opera - either way its going to be fun to watch, headless tories have a knack for all kinds of absurdity, in fact there is nothing i like more than watching tory toffs squirm when reality bites. There has never been a front bench of a uk government with so much wealth and pedigree that this one... lets see how they get on.

Tue, 07/19/2011 - 05:04 | 1469390 Dugald
Dugald's picture

          The Profumo Scandal re-visited....!

Tue, 07/19/2011 - 07:10 | 1469445 Zero Govt
Zero Govt's picture

Great track that from The Clash  ;)

regards this total BS that markets are hanging on any political event needs to be buried for good. Politicians react to the past, they do not determine the future, why would any investor give a fuk about the mascinations of these calamity clowns?

we have every political kick-off point for a trashed Euro yesterday yet the Euro strengthened against the US Dollar. Riddle me that. Maybe Obumma tripped and fell flat on his smarmy face yesterday as reason the Dollar declined (i missed the news, why did the US Dollar decline?)

TruthIn you quote UK stocks declined yesterday. That'll be the banks then nowt to do with David Camerons continued Ronald McDonald career path or Murdoch adeptly moving aside in wait for this hysterical mountain out of a microbe story to blow over. The markets don't give two hoots what bankers puppet (Cameron is ex-Barclays) moron is in office or is changing office.

The FTSE is UP 0.50% today, has Camerons chances of staying The Prime Muppet changed overnight? Nope they don't give a monkies which monkey is elected or how tenuous their position. Just as the markets didn't give a crap Britain was leaderless and rudderless for a whole week after the election while Cameron and Clegg worked out a coalition Govt (easy to do, they're both suicide socialists with absolutely identical policies afterall)

Let me repeat we had the worst political news possible yesterday for the Eurozone yet the Euro strengthened (if you believe news/politics moves markets wasn't it supposed to collapse yesterday???) ...if that doesn't expose the absolute lie markets don't react to politics (in fact politics reacts entirely to markets) i don't know what will. Zombie On Comrades

Mon, 07/18/2011 - 22:58 | 1468976 Poor Grogman
Poor Grogman's picture

Who would have thought that the news could be so entertaining?

Maybe a chink of armourplate has fallen off the PTB juggernaught.

What next.

Maybe the headline " UK gold  sold to Banking cartel in City of london"



Mon, 07/18/2011 - 23:06 | 1468990 jtmo3
jtmo3's picture

Hey, it's bullish for the us markets. The futures are up. Gold is down. What else do you all want? Buy AAPL and live the good life.

Tue, 07/19/2011 - 03:06 | 1469361 TruthInSunshine
Mon, 07/18/2011 - 23:11 | 1469001 James T. Kirk
James T. Kirk's picture

It seems that the vast majority of our leadership has zero morality.  How fascinating, to witness firsthand the collapse of Western civilization.  How pathetic to go out like this.  How unnecessary to re-enter the dark ages, if voters and consumers could only exercise a 6th grade education in their choices of policital candidates and news services. 

Tue, 07/19/2011 - 05:56 | 1469419 BigDuke6
BigDuke6's picture

Beautifully fucking said.

We cant get any politician of character, All useless fuckers for the last 40 years.

its how things can get out of hand.

Tue, 07/19/2011 - 08:57 | 1469649 snowball777
snowball777's picture

I'm afraid they check for character at the door.

Mon, 07/18/2011 - 23:19 | 1469019 Global Hunter
Global Hunter's picture

Yesterday some Italian toff was talking about a plan for Greece whereby they buy back their bonds at 50 cents on the dollar in the market while issuing debt at 100 cents. Today I've just given up trying to follow this 6 degrees of David Cameron and he relates to NOTW.  

At some point this shit stops making any sense, its lunacy, probably by design.  

Mon, 07/18/2011 - 23:26 | 1469033 TruthInSunshine
TruthInSunshine's picture

by Global Hunter
on Mon, 07/18/2011 - 23:19
#1469019Today I've just given up trying to follow this 6 degrees of David Cameron and he relates to NOTW. 


Any luck with Kevin Bacon, though?

Tue, 07/19/2011 - 00:19 | 1469160 Global Hunter
Global Hunter's picture

Its like that 6 degrees of Kevin Bacon thing, these "elite" people are all connected in some way or another, whether its 6 degrees or 10 I don't know.  My point is they'll take another one of their own down in a heartbeat to save their own skin.  The reporter that broke this died today, things are getting bizarre (I say that every week and still it gets more and more bizarre).

Tue, 07/19/2011 - 03:08 | 1469363 TruthInSunshine
TruthInSunshine's picture

Wasn't dissin' ya, brosef.

Found your analogy spot on.

Tue, 07/19/2011 - 08:59 | 1469655 snowball777
snowball777's picture

Maybe you can connect to him through Bernie Madoff. LOL

Tue, 07/19/2011 - 05:11 | 1469393 Dugald
Dugald's picture

  Ja mein fuhrer, those damned Englander's...its all a        fiendish plot!!

Mon, 07/18/2011 - 23:21 | 1469021 chump666
chump666's picture

don't you love it how the UK kinda flew under the rader when their ecomomy is bad as Spain's.

Royal BS is a distraction...for so long. 

Mon, 07/18/2011 - 23:29 | 1469039 TruthInSunshine
TruthInSunshine's picture

Bread Pudding & NOTW Circle Jerk



UK economy watch: Bread, not circuses
Tue, 07/19/2011 - 01:04 | 1469242 Oh regional Indian
Oh regional Indian's picture

It's been an illegal distraction for altogether too many terrible years for the planet.

Wind-sores. Wind-down.

But there is the matter of Will I Am and the order of the garter, the stocking and the frilly panties.



Mon, 07/18/2011 - 23:45 | 1469082 Careless Whisper
Careless Whisper's picture

I wonder what Roger Ailes, former advisor to Richard Nixon, is doing tonight.

I sat up and leaned in close to him, face to face. I made the connections. Ailes knew I had given Brock the interview. Certainly Brock didn't tell him. Of course. Fox News had gotten Brock's telephone records from the phone company, and my phone number was on the list. Deep in the bowels of 1211 Avenue of the Americas, News Corporation's New York headquarters, was what Roger called the Brain Room. Most people thought it was simply the research department of Fox News. But unlike virtually everybody else, because I had to design and build the Brain Room, I knew it also housed a counterintelligence and black ops office. So accessing phone records was easy pie.




Tue, 07/19/2011 - 01:08 | 1469246 Oh regional Indian
Oh regional Indian's picture

Awesome link CW. Such an insight into the 'wheels with-in wheels".


Mon, 07/18/2011 - 23:45 | 1469083 JohnG
JohnG's picture

I can't find anything at InTrade on this....yet?

Tue, 07/19/2011 - 00:30 | 1469180 AUD
AUD's picture

Ha, Ha... and the Old Lady of Threadneedle St is soon to see her obligations purchase only one thousandth of an ounce of gold!


Tue, 07/19/2011 - 01:01 | 1469237 Oh regional Indian
Oh regional Indian's picture

Anyone aware of Cameron's role in the missing nuke's? South Africa? Cameron there in 89 as DAME Lady that's quite a thatch on her?

You don't become PM of UK unless your hands are really really dirty.



Tue, 07/19/2011 - 04:49 | 1469384 Dan Hot
Tue, 07/19/2011 - 23:30 | 1472830 Oh regional Indian
Oh regional Indian's picture

yup Dan. just that. Too big to print.


Tue, 07/19/2011 - 03:08 | 1469362 terryfuckwit
terryfuckwit's picture

Look folks when someone as big as Murdoch is taking it up the a**e..It means JPM and Goldman and the Tea Party crew are nursing a nasty kick in the teeth. This is their big brainwashing machine a huge part of their kleptocratic apparatus... UK remember your place or our boys in the sigma x dark pools will certainly give you something to remember... and yes i do wear a tin foil hat and use a wet towel on my head...

Scumbag kleptocrats not worth a hair on Milly Dowlers head..go and f**k yourselves


Tue, 07/19/2011 - 05:28 | 1469402 morph
morph's picture

Vince cable is on that list... Why would he resign? It is just a list of high profile MP's.

No one is going to bet on some MP they have never heard of.

Tue, 07/19/2011 - 07:06 | 1469453 Rollerball
Rollerball's picture

Just makes it easier to go "underground" á la Tony Hayward.  

Jubilee arrives when there's no body left to collect.


Tue, 07/19/2011 - 07:07 | 1469454 disabledvet
disabledvet's picture

What else is the media suppose to say? You can take down our entire media edifice with no consequence? "Of course it's the end of Parliament and the Prime Minister as we know it!" Ridiculous. These are the biggest crimes we have seen in the Western World since the Holocaust. The people involved will pay at a minimum with their money. Tip of the iceberg. Move along, move along.

Tue, 07/19/2011 - 07:10 | 1469457 AvoidingTaxation
AvoidingTaxation's picture


Mother of Tristan Banon sleeped with DSK ....



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