Generali - Still The Best Way To Hedge For The Upcoming Italian, And European, Contagion

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Tue, 07/05/2011 - 08:48 | 1426209 Yen Cross
Yen Cross's picture

 Print this. TYLER 599gtO. Yep

Tue, 07/05/2011 - 09:51 | 1426313 66Sexy
66Sexy's picture

intangible assets, a.k.a bullshit.

Tue, 07/05/2011 - 08:51 | 1426215 writingsonthewall
writingsonthewall's picture

"€262 billion in Euro bonds on.... €10 billion in tangible equity!"


Capitalism - the 'wealth creator'.


The only thing capitalism creates is debt and misery - and right now it's moved into a brand new paradigm. State sponsored debt and misery.

Tue, 07/05/2011 - 09:03 | 1426229 averagejoe
averagejoe's picture

Real question is why does it come as a surprise.  The capitalism we have now is the inevitable consequences of its failings. A lot that post here probably think a return to free market capitalism is the solution.  But history teaches us that, that failed about 100 years ago.

Tue, 07/05/2011 - 09:26 | 1426265 Steroid
Steroid's picture

According to Mises fascism is one of the branches of socialism. It has nothing to do with capitalism!

Tue, 07/05/2011 - 10:05 | 1426316 66Sexy
66Sexy's picture

insert - corporo-gubment indoctrinated 'cry defending capitalism' comment here..


Tue, 07/05/2011 - 11:19 | 1426535 averagejoe
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Mussolini defined fascism as merging of corporations and the state.  And that’s what we have now.

Tue, 07/05/2011 - 09:02 | 1426230 RollOver
RollOver's picture

Where does one get his hands on some ASSgen CDS's then?

Tue, 07/05/2011 - 09:08 | 1426236 qussl3
qussl3's picture

So I should BUY this with both hands and feet right?

After all its all unicorns and roses now no?

Tue, 07/05/2011 - 09:13 | 1426250 old naughty
old naughty's picture

While everyone is looking at Spain...This is the big one, before UK, and cross- Atlantic. End is in sight.

And thanks to ZH's Early Warning.

Tue, 07/05/2011 - 09:20 | 1426260 Dick Darlington
Dick Darlington's picture

Didn't ALL the Italian insurers just pass the "stress tests"? Lol!

Tue, 07/05/2011 - 09:27 | 1426266 Bohemian Clubber
Bohemian Clubber's picture

sometimes you ve got to accept that some stocks are overvalued and will go up up up so you have to buy buy buy... boooyahh!!

Am gonna short this sucker all the way down to zero bitcheZ!!!


Tue, 07/05/2011 - 09:39 | 1426289 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

""Time to Abolish Congress and Replace It with Mass Internet Voting on the Issues"" ...

Tue, 07/05/2011 - 09:56 | 1426322 oogs66
oogs66's picture

yes, the contagion is finally spreading and investors are realizing that the PIIGS are the problem, its the banks and insurance companies that failed to build enough capital the last 2 years and held on to too much cr*p that isn't marked properly that will drag the market down again

Tue, 07/05/2011 - 10:21 | 1426380 SilverDosed
SilverDosed's picture

You seem to forget the fresh liquidity injections our "preffered" European banks received during QE2. These preffered banks would never do a thing like blow up other banks filled with toxic debt so they can buy them for pennies on the dollar with central bank backstops on all the losses.

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