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Domino #2 - Meet Gravity: Irish Government To Issue Statement On Future Of Anglo Irish Bank This Afternoon
Just Reuters and Bberg headlines for now, but judging how the Irish 10 Year, Irish CDS, and Irish Bund spreads all jumped in unison to fresh record highs on the news, the market can't be too happy about the fact that someone in charge is stupid enough to recognize that such a thing as reality exists. It is high time for Tim Geithner to suggest the next round of the National Lampoons European Stress Test: there is much confidence that needs to be "restored."
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what future?
Dominoes bitchez!
Something soon has got to give."Confidence" is " A chest full of Gold and Silver Coins under the bed " instead of a worthless pile of manipulated,ponzi,fiat paper.When will this crap decease.Let the whole lot go and start again Jokers.
Are you sure their not just announcing next year's parade route?
I love the smell of bailout in the morning. /sarcasm
08:59 MAYOR VAUGHN: THE SHARK HAS BEEN CAUGHT. THE BEACH WILL REOPEN AFTER A BRIEF 24 HOUR CLOSING. PLEASE RETURN TO WATERS.
24 HOURS BUT THAT'S LIKE 2 WEEKS!
09:18 TAOISEACH: ALL OUR BANKS ARE BELONG TO YOU. SLAINTE!
09:20 Taoiseach: Sorry, my mistake. You, the people, now belong to the banks. Sláinte!
Go Canda! Way to boost the world with free hopeium. When are you going to let me exchange my used needles?
Maybe Bluto can teach Geithner how to POP A ZIT !
Timmah to the rescue! It's about time. =D
Dominoes is right....now, wait for the credit card bailouts.
Bennies helicopter will be busy
first its transatlantic flights were only to Greece, now Ireland, then back to greece
then onto Spain and Portugal, then France, then the Uk then the whole world
He better stop propping the price of oil up
those flights are going to get expensive
Bennies helicopter will be busy
first its transatlantic flights were only to Greece, now Ireland, then back to greece
then onto Spain and Portugal, then France, then the Uk then the whole world
He better stop propping the price of oil up
those flights are going to get expensive
I understand that Santa's sleigh is way more faster than any helicopter!
Remember us? We're the Greaseballs! Benny and Timmah, we won the Pig in a Poke contest, and also represent the US Govt and world bankster crooks and we're here to check the health of your bank!
A world leader somewhere recognizes reality exists? HANG HIM!!!
timmy on closing bell today
I hear from my house the sound of the FED printing machines heating up.
They're no doubt announcing a free puppy and sunshine for everyone who opens a savings account with them.
THAT'S NOT ALL FOLKS!
http://williambanzai7.blogspot.com/2010/09/piigs-thats-not-all-folks.html
Timmy looks like a he was a teachers pet at school
some creepo prefect
now hes a "leader"
what a joke
Not quite sure I understand the euro strength on the crosses today.
I'm not sure I undertsand the strength of anything other than gold
If we apply "birth death model" accounting we can clearly see that there is no problem. Double dip avoided. Debt is as good as gold. Now go buy stocks.
Meanwhile, stocks rising, FCX pushing $80, and GS wants to return to $150
I love ZH, but if you tried to use these stories as datapoints for trading decisions, you'd be losing money non-stop.
There may be problems out there, but the markets want to run, irrational as that may be
If you're a day or swing trader, the question is: do you want to make money, or do you want to be right? Lately, if you want to make money, you must ignore the bad news and trade the trend, no matter how little sense it may make to you.
<double post>
I love when people whom are losing money on their longs, like they nicked an artery, on an up day. The trading day just starts and this joker comes out of nowhere to proclaim that the markets will be all tip top at EOD, and ZH is a bad news site.
So oldbold, where do you get your datapoints from? I am curious since I only see ZH get theirs from Fed and IB reports. Do you use tea leaves or does it depend if your balls smell or not?
Yeeoww!!!!
Hardly, friend.
I made 60% on my AAPL and GS calls (weeklies) , and then turned around after lunch and bought puts on the same and on X, which is running on a BS rumor.
I get my datapoints from 20 years experience watching the market and from intraday charts, not from reading.
You are projecting your own issues onto my post. I did not criticize ZH. This is useful information, and may, at some point, reflect in the market. At the moment, however, it does not. Information filed for possible future reference.
Sorry you're so touchy.
And that smell...that's your own balls bro. Consider soap next time.
A series of flash crashes loom on the near term horizon.
The Ponz(i) that Doesn't End.
http://www.youtube.com/watch?v=1_47KVJV8DU&feature=related
Insert these words:
This is the Ponz that doesn't end
It just goes on and on my friends
Some people perpetrated it,
while knowing what it was
And they'll be obfuscating it forever just because...
This is the Ponz that doesn't end
It just goes on and on my friends
Some people perpetrated it,
while knowing what it was
And they'll be obfuscating it forever just because...
(Repeat for the foreseeable future).
Here we go again. Will we get the same pack of mistruths and assurances as the can gets kicked down the road?Perhaps finally they are listening to notayesmanseconomics.
"In my view the situation that is hurting Ireland the most is the doubt over the likely property-related losses at Anglo-Irish bank and to a lesser extent the Irish Nationwide building society. This needs to be sorted quickly to stop the drip-feed of bad news from these sources."
The trouble is whilst I would like to believe that all we ever see is some more can kicking.http://notayesmanseconomics.wordpress.com
How long can this Ponzi go on? Perception is reality, I mean people really, really, really have to believe these creative accountants and thus I suppose it prolongs the ponzi.
This all has to end very badly. You banking frauds have screwed the pooch and I just hope I'm around when the Ponzi collapses and they wheel the guillotine out to the square.
Does anyone have any idea what is holding up the market? Why are there so many stocks at al time highs in a recession/depression?
Because the FRB pays double what any retail investor would pay for a share of stock.
Most people find it hard to believe, but I do think the FED, the Treasury and the Big Banks cartel are doing a lot behind the scene.
My answer is short: manipulation. The zero-rates don't explain everything. It doesn't explain why the market has gained 60% after the 2008 drop.
Nice article thanks.
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