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hmm, is this priced in? stocks barely budging
What? ES just insta-popped 5.50 handles.
More 'source' stories (juicy!):
But NFP expectations were already revised yesterday for this explicit purpose. I am wondering just what planet those guys in "the Pit" are living on.
No more private sector involvement? Is this so ze Germans can have the Parthenon if Greece defaults? I'd like to repossess the Parthenon. There would be something supremely ironic about sitting on the steps of that great monument to mankind, sipping a cold beverage......and watching the world burn. On a completely unrelated note I've just found out through Ancestry.com that I'm related to Nero.....
All the governments are happy. Does that make the people happy?
In reality, or "according to a source?"
I just love "according to a source" planning.
icanhaz risk on?
They will be back in 6 months....wierd how its all good now....I guess they just hired all the protestors as government employees...and Spain sells debt....
Indeed. Wasn't their deal last year supposed to carry them a few years as well? We all see how well that turned out.
Next up, Ireland, Portugal and Spain. They are learning how to roll the Banksters.
And so the eye of Sauron looks for a new thing to destroy.
Probably the USD.
I saw a pretty big sign that August 15th this year was a big Dollar/US down, EU/ECB up day. A tipping point to bigger things but a key FRN marker.
What time, to be witness to such maya, deception of the highest order, hidden in plain sight.
Give them time...the market is going to need it when figuring out how to climb without free money...
Not like ZH to proclaim fact on hearsay...
How many times in the last month have we had such a breaking news item only for it to be proven wrong shortly after
I dont belive this for a second... or is ZH the source ?
Ok, There it is. Can we get back to our rally and stop the conservative analysis, Charts and breaking news? QE is going to occur. Done. move on.
From the article:
"agrees in principle"
"details... remain to be worked out"
"declined to comment on figures"
This is an article consisting of nothing.
Yes but it is only from a "source" nobody is named so I dont believe it until I get a name
Saganaki-San is the only reference thus far.
Thought it was Kefalograviera Saganaki .. good call
Bizarro European Zombie Banks, bitchez. (BEZB)
Details, details, need details.
The math is so unsustainable that I doubt anything can be kicked that far down the road. Last time it bought less than 12 months - and turned out to be a joke. Just like everything else that swinging with shorter and shorter cycles, I give this 6 to 9 months before it implodes again. That is if the Greek people dont outright burn the place down before then.
Oh, and then there is the rest of the PIIGS that will be next in line.
Who keeps buying drinks for these lushes??
Greek assets will still be served up on a platter in backdoor deals to international investors, just at not all at once now to shock anyone
This would be my speculation too. Perhaps the private participation revolves around Greek assets as collateral in case Greece fails to live up to certain conditions, a way of legalizing theft of Greece property and assets. We'll see but this is my suspicion.
That approach coupled with quiet Gold shipmets being sent to the vampires, will be the quiet looting that takes place if this report does in fact appear to be the case
ah so the looting will soon begin.
And scene: stocks headed higher. Jesus. What a Circus Show.
Was there ever any doubt that this would happen??
GS can now up there SPX forecast to 1600...yeah baby
you cannot ever kill Zombies
Yea....but it would be fun watching them burn at the stake!!
Any selling of real assets for 20% fair value ?
Quick question, how many times have we heard about an "agreement being reached" among "senior officials", only to have German or Finnish officials express surprise at being told of it, and declaring in fairly clear terms that they are not on board?
The program has to be passed in Greek congress. No sweat. / sarc
Answer: Infinitely many times...
x -> BS, as n -> infinity...
If greece is brains and the banks are zombies I'd say starvation is imminent.
nice one Fonz!
So the five year deal of last year is now a three year deal with "details to be worked out" like the details of last year's deal that were not yet worked out and scheduled payments that were not made or delayed so that now we have a new schedule of payments delayed that will be delayed and "worked out" with "assurances" while the money still flows from the IMF via taxpayers worldwide instead of from the banks and governments that gambled and gamboled their way into this manure pit?
And cut to Talking Head Spin on Debt Limit and Budget Deficit in 3, 2, 1...
Ding, Ding, Ding - Winner
Moody's says if is no progress on increasing debt limit in coming weeks, it expects to place US rating under review for downgrade
unless this involves real debt forgiveness and significant maturity extensions and dropping criteria for any additional money it will largely be a 'yawn' for the market
Better yet, it involves tax reform in Greece. No talk of enforcement however. Hum...
How are they going to implement that program? I bet on more riots soon.
Cue riot-control agent extraordinnaire:
I can see an army of German tax accountants from the Finanzamt moving to Greece and ads for European rent-a-thugs appearing on Monster soon: "No Greek language ability necessary, just good door breaking technique and the ability to use a baton...to work in association with our new European collect-taxes-from-the-unwilling-Greeks office"
Tune into into your nearest riot channel
DXY should take a shot to the jowls. Makes the QE3 skid-greasing effort a little dicier...
You short the Euro, and you short political stupidity. Can kicked, Ireland & Portugal up next.
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