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Deutsche Bank Put Volume Surges On Greek News
For those wondering which bank domino drops first if Greece files tomorrow, Sunday, in one month, or in one year, here is the market providing the answer: Deutsche Bank put volume surges to 7,353, 11 times normal.
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Perhaps the real reason Greece will never restructure nor leave the EU.
Well observed...even if longer term i9t's against all logic....
Off Topic, but breaking...
Tyler's getting props from Rush Limbaugh for his analysis of the birth/death model used by the BLS. Zero Hedge and Tyler Durden mentioned by name.
Also OT -
But Oil just cracked...next stop $70?
10yr T also threatening to revisit lows?
(in-de-re)Flations is a bitch.
You beat me to it.. Was driving when I heard it on radio. Congrat's Tyler!
not the first time Rush has mentioned ZH
Rush is still a cocksucker
Makes you wonder why he's steering listeners here...
Exactly why Greece leaked the news! This is gonna get rough. Let's see NOW if Germany starts in with selling gold reserves any time soon.
This is why the EU will dissolve. Once this stuff starts happening, its all down hill from here. These guys will never want to be in the same room together...
Fun to watch...
The EU cannot dissolve. It will have to Federalize. If it dissolves all the parties are bankrupt and the politicians will be looking for actual work.
Federalization is the logical next step because they all go belly up otherwise.
I confess not to know the difference. I just see them breaking apart, and not in an orderly manner. As with all ultimate actions between sovereign governments, things are orderly and legal, till they are not - then - people get hurt, killed, stolen from, etc.
Now, the threat of these politicians being out of work should keep them scheming for a while longer
In the next elections in any EU country the present political parties and politicians will be swept from the face of this world. Euroscepticism is very much the current trend in Europe. As far as the banks are concerned, they are already insolvent, so WTF? Oh you mean they will have to admit to it.
Well we cant have that now can we?
ATM that is a very good observation!
Couldn't happen to a nicer bank.
"Bear Stearns is Fine!"
(2nd Time ZH has forced me to pull that one out, today)
Catfish
Catfish
Kung Fu Treachery
Followed by Greek Gimme your Gyro.
hot alert from cnbc - fresno unemployment dropped from 18% to 17%
http://www.huffingtonpost.com/2011/05/06/erin-burnetts-teary-farew_n_858...
That's hella good news.
Oh, that's too bad. See ya, Douche Bank!
Monday: Flash Crash 2.0?
Buh-bye DoucheBank AG....mark-to-market on the Greek bonds finally coming. Bend over and get ready for the ol' Greek hi-how-are-ya ....
E/S will go negative by the close...
If Europe has already nationalized its banking sector (good idea Lord Rotheschilde) then will they, can they do it again? Will Germany bail out the bank? Will Europe throw more worthless fiat into the worthless ponzi?
Well... saw what happened in 2009 to Commerzbank? Call it whatever you want; after stock plunge from nearly 40 to above 2 EUR some actions were taken by German government to 'protect from foreign competitors' (who could simply buy the company). This is another name for 'bail out'.
Poor CBK managers were punished with bonus limit to 500,000 EUR per year.
But what is interesting - Deutsche didn't take any help from the state, they manged it on their own. And Ackerman (boss of Deutsche) said 'for 500,000 you *anyway* will not get good manager'. If indeed Deutsche does have some exposure in PIIGS, I'd love to hear his comments now.
Deutsche was bailed out indirectly - via Hypo Real Estate's and other's bailouts. Ackerman is just a PR genius.
they got a 300 billion bail out from uncle Ben
I bet DB is net short Greece.
And when the snake eats its tail, all of a sudden it's all gone.
Looks like a stream of "bad" news is starting to trickle down just in time, just another 4 weeks and we'll have the puzzle complete.
joe
http://www.google.com/imgres?imgurl=http://media.cnbc.com/i/CNBC/Section...
BTFBFGD (...Big fat Greek Dip)
?
They have a majority of Deutsche Postbank, very exposed to Greek debt.
I used to work work for his majesty Hugo Banziger, now on board for his tough credit savvy management. Would like to see how many of his faithul serfs he will fire this time for having let him down.
In the meanwhile in Finland, governemt is unable to reach an agreement on Portugal, they will concene next time on Tuesday. The social democrats holding the key have no opinion, will come up with their mid by Tuesday.
Oh, that power...what to be in governemt, but not betraying electorate. How shameful, Greek default will guarantee their destruction in next year's municipal elections, and would just help True Finns to win 50% in the next parlamentary election.
Politics used to be boring, listening people to argue should green colour be banned from ice cream. Not any longer.
Extend & Pretend - a motto that has proven itself time & again, but, more than a motto - I promote it as a lifestyle! The Government is good & TBTF banks care about you...pass the Ouzo!
O/T Tyler, but Rush Limbaugh just mentioned zerohedge, in specific he is commenting on the birth/death model, etc. An accounting gimmick.
ZH is getting noticed!
I heard that.
You'll never hear Zakaria quote ZH 'cause Zakaria is constantly on his knees sucking Obamas dick.
Bearing, you know what's scary though? Rush, a guy with a huge audience he is trying to 'educate', HAS NEVER HEARD OF THE BIRTH/DEATH model!
Scary stuff...
Tyler
You and ZH.com were just mentioned on Rush limbaughs radio show
crap there goes the neighborhood, like Rush and his average listeners are anti-Wall Street corruption, like Rush and his average listeners realize all the bad corporate corruption and FED policies were bad under W also...I'm so tired of people posting about financial corruption like they politically born on Jan 2009, I like that many Repubs have now learned to be skeptical of their govt and the FED and govt deficits, but I hate they think an all Repub Congress and Repub president will fix this (like they did so good on FED, Wall Street and deficits when they had control from 2000-2006). But hey, take what you can get, we got a balanced budget in 1999 because Repubs didn't want a Dem to spend it on his pet projects and the wanted Clinton to suffer for raising taxes.
In May you sell and go away!
Gee wiz, the same guys that got bailed out of it's AIG exposure.
I nominate them for the Nobel Moron Prize.
You do not understand anything.
After having quit DB, I had a change to question Hugo his majesty Banziger in an investor conference about some "one-off" gains..
He got upset, said there are very manageble ways of making couple of billion in wind-fall. No risk, just gain.
Everything works fine when you know you are the 2Big2Fail.
What was that ? At 2:22 my Fidelity printed a 133.2 on SPY
Seriously, what the fuck was that, it is on the chart....,
Tyler, look into this please
Market crash in 3, 2, 1...
The candle tail just got wiped on my chart, it was there, now no more...
Real conundrum is sell and go where? Rotate into what? Interesting to watch gold this time around as folks seek safety while the FX world resets.
Either way that super long candle freaks me out
Kebab Zakaria looks like a frog with his beady eyes and I bet he smells too!
OT - but so far GOLD is UP while equities move to flat and looking wobbly. Dollar is also UP, so for all those Precterians, this is what you would call a 'non-confirmation'.
Gold is holding in nice and tight
Yep. I'm surprised that with this move in the dollar that Silver has managed to hold over 34 so far...although there is little to no guarantee that will be the case come the close.
Market looking like it's getting buttered up for an EOD sell off.
For some reason, I heard the whine of a diving Stuka as I read that.
ORI
http://aadivaahan.wordpress.com/2011/05/06/movement-water-radioactivity-etc/
Diesmal funktioniert alles - third try is lucky ;)
Blythe gets erection = silver drops = oil drops = USD rises slightly = not enough = CIA psyop on Greece = Krauts pissing pants = Euro falls = USD spikes up = PMs dive again = banksters get erections.
See: it is simple to connect the dots.
there is a terrible image on my mind now. Can you please undo it - somehow?
ok so the rumor is that George Papandreou contacted Robert Wagner and obtained a Reverse Mortgage - he is using the proceeds to purchase put options on Deutche Bank - Damn TD 'scooped' me again! - Damn you Tyler you are EVERYWHERE - Keep up the great work!
Merkel is in bed with DB´s CEO Ackermann. She offered him her official residence to celebrate his birthday, from 08-25-2009:
Finally German taxpayers will cover the losses.
Good God, it also sounds like they slept together!
I feel queazy
Some people just have to crawl under Mutti's iron pantsuit when trouble arises.
Of course. Who else?
don't worry, Americans will chip in too, we took of their bankrupt AIG and got them 100 precent on dollar, FED will gladly spend our money to help them
As i already stated, short commerzbank. Its a far better bet due to their loomin capital increase.
what good is shorting a bank when the Bernanke can just e-mail them 1 trillion dollars any time
How about short Postbank ?
Hm, both were up today.
didn't DB get 300 billion from Ben? Why won't Ben buy the Greek debt for full face value, even though it will worth 10 cents on the dollar. They bought MBS crap, why not Greek crap?
Greece has been getting beat up all week by the 1st wave of the Troika (capital.gr:)
<< Finance Ministry attempts to convince the troika that the €3b revenue measures are adequate, but the objections of the international lenders are numerous and more intense than ever. Time is running out, as Friday is the last day of negotiations, ahead of the arrival of troika’s top officials on Saturday. >>
And now they have another week of discussion:
<< The review of Greece’s progress by the troika starts on Saturday, after the arrival of the troika’s top officials: Poul M. Thomsen (IMF), Klaus Masuch (ECB) and probably Matthias Mors (EU). >>
Plus if the Big Guns of Finance from Deutschland are flying in - there must be some major nervousness spinning up. Where is the ΕΞΟΔΟΣ (exit)??
FYI, Citizens of the U.S. Federation:
EU has a few founding principles, discarded by U.S. ELITE idealogues; derived from the French Revolution they are: Fraternite & Egalite.
Europeans are educated, pragmatic egalitarians. EU economy & population volume is twice U.S..
EU infrastructure, socio-economic equilibrium and hightech implmentation ratios are all generations ahead of U.S.
Citizens of the U.S. Federation: clean your own house. Fundamental socio-economic turmoil is coming to YOU - FIRST & OVERWHELMINGLY.
PREDICTIONS:
Complete U.S. crash within 24 months.
Even Bloomberg, albeit grudgingly, will soon refer to EU as "The World's Largest Economy."
Perhaps, will the E.U. come and get their pound of flesh when the Americans default?
Perhaps, will the E.U. come and get their pound of flesh when the Americans default?
Hey ho,european finance ministers meet in the moment in Brussels.
Wall St and The City of London desperate for the EU and the Euro to fail. Their black propaganda has been exposed more than once.
I wonder if they regret selling SLV Trust to BlackRock?
http://www.investorplace.com/4912/top-bank-stocks-financials-bac-wfc-c-jpm-gs/
Wonder which one looks for a TBTF handout 1st...DB or BLK?
Maybe they already have...haven't most?
Probably a bit generous with some of those grades?
We dont need credit rating agencies because the market will always snitch.
i posted this comment on other articles here at zerohedge
so... here is Greek reality...
hello i am Greek.
I am a real estate developer (with no loan obligations) and even now in the so called greek-crisis i am building 5 apartment buildings, 1 office building and 2 holiday-residence complexes.
PLEASE listen carefully what i have to say about Greece.
Greece is one of the poorest countries but the Greeks (as an average) are very wealthy.
I am not talking about wealth being happy, healthy and so on.
Greeks (as an average) own more real estate that any other,
They do not rely on lending as much as other eauropeans or americans
They have gold (especially english gold pounds) that no average european or american has
I am not saying they are good people or that they have a lot of exports i am just saying they are wealthy.
However the wealth they have you cannot find it anywhere because it is no declared anywhere.
My friend that works for 850 euros per month has 4 acres of land outside the city near the sea, 24 gold coins (worth 6000 euros) he got as a gift from his family on the day he was born 25 years ago, and his own apartment he bought with no loan for 230000 euros (i am not talking about what his family owns but what he owns). How can this happen? he gets his 850 euros, he has a second job (as a plumber-not declared) that gets him another 850 euros (where he pays no taxes-poor Greece), he has a farm in the 4 acres that gets him minimum 1000 euros (from selling produce) also not declared anywhere (so he pays no taxes-poor Greece) and some times (3 or 4 times per year) he earns another 2000 to 2500 euros doing part time jobs (like waiting or plumbing in hotels in summer-not declared and tax-free ofcourse). So he gets 10200 from his day job thatbecause in Greece until 12000 income you pay no tax he is tax free and 25000 euros from the rest that are tax free. so with a clean income of 35000 spending less that 9000 per year (no rent or mortgage) say 10000 with his vacations (health insurance and so on have been discounted from his 1050 euros pay giving him 850 euros) he gets 25000 euros in his bank each year.
That is why greek people are rich but Greece as a country is poor. The example i gave you can happen in smaller numbers (however not vry often) but at the most of time can be really magnified in case we talk about doctors, lawyers and so on that make with the same method (these are real - calculated numbers) 200000 euros at least but they declare 12000 geting away tax free.
sure there are poor people and rich people like any country, sure there are people loosing their homes to the banks like every country.
But as an average believe me
Greeks are wealthy.
So whether Greece leaves Eurozone or not, whether drachma comes back it doesnt really matter.
All that matters is that the Banksters (Rothchilds and the gang -imf fed central bank of Greece...all properties of the same families...Rothchilds and the gang) come and get Greece for a fraction of what it really costs. It is happening and it will continue to happen and the Greeks will beg for it to happen so that they continue to have theur 25000 at their bank accounts each year because they do not care what happens to the railway stations, the ports, the energy/water companies. They may even give them free like we did with Meganisi Island that the Rothcilds bought to build homes for the super rich just a cople of months ago(they bought land with value 60 mil euros for 6 mil euros).
To sum up...
do not worry about the Greeks just worry about Greece (but why should you-Greeks don't) and wahtever you do always remember it does not matter what you feel or what you do you are not in control no one except a few, very very few people are and what they want will happen and you DO NOT know what will hapen NOONE does. You just guess.