Germany Humiliates Itself By Conceding To A Second Greek Bailout, EUR Predictably Jumps Briefly

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Mon, 05/30/2011 - 20:22 | 1323524 Rider
Rider's picture


The real cowboys are FX tradies. Mix 100X leverage and a greek bailout and you get "some" margin calls.

This is the wild wild west son.

Mon, 05/30/2011 - 20:28 | 1323581 Roy Bush
Roy Bush's picture

It's not the Wild's bizarro world!  Print money and your currency gets stronger...seal your own doom and get richer.  

Mon, 05/30/2011 - 20:34 | 1323643 tellsometruth
tellsometruth's picture

I had the same thought...depends where you are in the supply of new fiat well for a while...


Mon, 05/30/2011 - 20:45 | 1323768 IdioTsincracY
IdioTsincracY's picture

I don't get it!

Every day ZH talks about the hold that the Oligarchy has on the current political and economic entities ...

just to marvel, every single time, at the ploys theOligarchy concots to perpetuate the current system ....

the more 'successful' a Country is, the more reasons it has to keep the system going!!

Wakey wakey!!

Mon, 05/30/2011 - 20:52 | 1323872 Muir
Muir's picture

Friend, are you of the body?



Mon, 05/30/2011 - 20:58 | 1323885 IdioTsincracY
IdioTsincracY's picture

Speaking of body ...

nice one! .... or two...


Tue, 05/31/2011 - 02:54 | 1324611 10kby2k
10kby2k's picture

thats his ball sack

Tue, 05/31/2011 - 03:56 | 1324638 TwoShortPlanks
TwoShortPlanks's picture


Mon, 05/30/2011 - 21:26 | 1324025's picture

No Red Hour for me, thanks. I'm driving.

Tue, 05/31/2011 - 07:00 | 1324711 Landrew
Landrew's picture

Funny, friends have always called me that.

Mon, 05/30/2011 - 20:31 | 1323649 French Frog
French Frog's picture

in an ironic way, the more bearish articles/remarks appear in ZH, the higher it goes...

Tue, 05/31/2011 - 01:06 | 1324511 Michael
Michael's picture

Listen magott frog, shut the fuck up and stick to the program. No need to point out the obvious. Just keep taunting them.

It is my intention for the controllers egos to show us who is in charge and keep doing exactly what I have been working so hard programming them to do.

They've poo pooed every warning us bloggers have presented to the world and acted according to my will, massaging their own egos because they think they are right, and keep blowing the bubbles bigger and bigger for a buildup to the greatest economic fireworks finale I have been dreaming of my entire life.

The dot-com bust was great, the housing bubble bust was greater, but the complete and total economic collapse of the entire fucking world will be the greatest economic fireworks bust display I've ever been entertained by.

Please don't ruin my fun. I need maximum entertainment value from what the oligarchs are doing and besides, they will ultimately get the blame for the whole fucking economic fiasco.

Carry on.

Tue, 05/31/2011 - 03:16 | 1324622 French Frog
French Frog's picture

"No need to point out the obvious" ..... do you sometimes re-read what you actually type lol?

If you remove "and acted according to my will", your 3rd & 4th paragraphs DO state the obvious to anyone who has been reading ZH for long enough.

Nice make up though

Mon, 05/30/2011 - 20:50 | 1323862 downwiththebanks
downwiththebanks's picture

Amen:  nobody gets more pissed on these pages than the levered up Forex parasites.

I wonder why!

Mon, 05/30/2011 - 20:58 | 1323879 Muir
Muir's picture

For one who must surely stroke his "precious" every night, you seem pretty judgemental about the parasites.

Mon, 05/30/2011 - 21:50 | 1324071 downwiththebanks
downwiththebanks's picture

I don't fetishize money, no matter the form.

And I CERTAINLY don't fetishize levered-up greed.

Mon, 05/30/2011 - 21:47 | 1324066 Slow-choke-off
Slow-choke-off's picture

Sorry to interupt, but Germany is buying Greece. That's all folks, nothing more. Nice warm place in a cold cruel world.


Mon, 05/30/2011 - 20:20 | 1323527 ElvisDog
ElvisDog's picture

Bingo. The most predictable and obvious outcome is what happened. No haircuts, no cutoff of aid, just extend and pretend like so many times before. So much for Russia, China, and Germany going to war over Greece or any of those other silly alarmist scenarios.

Mon, 05/30/2011 - 20:30 | 1323592 HamyWanger
HamyWanger's picture

Denninger, Prechter and Gerald Celente probably had a cardiac arrest out of anger, frustration and stupefaction, by now. 

We are entering the 4th successful year of "extend and pretend", with incredibly low long rates, stocks at the levels of December 2006, and nearly zero inflation. 

The PigMen have once again achieved the "impossible"


Mon, 05/30/2011 - 22:18 | 1324138 chump666
chump666's picture

They caused oil to go bid.  Great job! So you get extended middle east problems and long behold... major riots throughout Europe coming to a screen near you.

Lets see what the crystal balls says...ah, yeah France, germany riot central, strikes...ect etc.  Major sell coming.  You want be in on that when everything goes short, till the QE3 kicks in and China sends a warship around the pacific or something.


Mon, 05/30/2011 - 23:13 | 1324352 ml8ml8
ml8ml8's picture

China might need its warship (or three) when it comes time to foreclose on Greece and Portugal. 

Seriously, I can only imagine the entirely unrelated political favors that China will seek when it comes time to extend/foregive/reprofile the debt of these countries.

Mon, 05/30/2011 - 20:27 | 1323608 Chris Jusset
Chris Jusset's picture

Extend & pretend, baby ... Whatever it takes to keep the Titanic afloat ...

Mon, 05/30/2011 - 20:19 | 1323529 takeaction
takeaction's picture

"EURUSD surged by 70 pips from the closing print of 1.3270 to a high of 1.3350"

Just a typo...right?

Made this today...This is your team...including Tyler!

Mon, 05/30/2011 - 20:19 | 1323530 ParaZite
ParaZite's picture

I wonder how quickly all the nations will drown in debt when everyone ties themselves to the anchor cast off a sinking ship. 

Mon, 05/30/2011 - 20:22 | 1323534 buzzsaw99
buzzsaw99's picture

Greece is bankrupt...


pap smear bitchez!

Tue, 05/31/2011 - 06:24 | 1324703 Id fight Gandhi
Id fight Gandhi's picture

Kick that can Germany. dorfmatratze comes to mind.

Gotta keep the markets up... For a day.

Mon, 05/30/2011 - 20:22 | 1323546 HamyWanger
HamyWanger's picture

Hehe. What did I say? 

Like clockwork, indeed. Why please goldbugs and doomers with a restructuring when the "extend and pretend" policy works so well?


Mon, 05/30/2011 - 20:35 | 1323673 Bay of Pigs
Bay of Pigs's picture

Nope. That is incorrect.

Gold sees past all this garbage, which is why it is near all time highs right now.

Silver is set for its 2nd best monthly close ever tomorrow.

Nice try Hamy.

Mon, 05/30/2011 - 21:03 | 1323900 Muir
Muir's picture

Well all fucking kiddin aside, this really is bullish for gold.


Mon, 05/30/2011 - 21:22 | 1324007 Bay of Pigs
Bay of Pigs's picture

And what's you view on silver? Ha ha...

Mon, 05/30/2011 - 20:24 | 1323569 Yen Cross
Yen Cross's picture

 I was wondering when the crew would catch those spreads. Then you caught the fixing? SWAPS!

Mon, 05/30/2011 - 20:28 | 1323584 Gordon Freeman
Gordon Freeman's picture

This is pathetic!  Germany has no real resolve--they are merely playing the Bad Cop role in this charade.  Saying Merkel is finished is ridiculous, as it's clear that TPTB like her just where she is.

They can keep this game going for years.  Anybody trading a plan that requires a quick collapse is going to get shit-canned, again and again.  These fuckers have zero interest in s greek/irish/etc. collapse, of any kind, and will pull rabbit after rabbit out of the hat, for ever and ever, amen.

I wish the world was more just, and that those fuckers would get what they deserve--but it just isn't going to happen.

Trade accordingly.

Mon, 05/30/2011 - 20:30 | 1323633 Yen Cross
Yen Cross's picture

  Well spoken! Australia is running a close 2nd!

Mon, 05/30/2011 - 20:47 | 1323814 downwiththebanks
downwiththebanks's picture

Another Banker-Gangster pissed ONLY BECAUSE he's shorting the Euro.

"You suck, Germany, for not letting us Banker-Gangster parasites take down the Euro today."

Mon, 05/30/2011 - 21:02 | 1323893 Yen Cross
Yen Cross's picture

 A lot of traders have been (FLAT) euro for some time.  Best Wishes.  P.S. you can call it square, if it's hedged. EURO.

Tue, 05/31/2011 - 05:04 | 1324674 margaris
margaris's picture

In todays crazy world HEDGING is the way to go.

I hedge everything: investments, money, clients, love...

Be ready for everything! :-)

Mon, 05/30/2011 - 21:07 | 1323955 Ned Zeppelin
Ned Zeppelin's picture

I wish the world was more just, and that those fuckers would get what they deserve--but it just isn't going to happen.

Trade accordingly.

Tis the problem - how dp you trade on this basis? 

Mon, 05/30/2011 - 21:14 | 1323991 ElvisDog
ElvisDog's picture

This isn't trading advice, but what I would do (and am doing) is to use this time to prepare. Pay off all your debt. Own your house free and clear. Make sure that all major repairs to your house have been done. Put away enough in cash to pay for your kids' college education. Things like that.

Tue, 05/31/2011 - 02:13 | 1324585 Boop
Boop's picture

So business as usual, then?  :-)

Tue, 05/31/2011 - 01:07 | 1324537 Die Weiße Rose
Die Weiße Rose's picture

hey Gordon, where does all that anger come from ?

I don't really understand what you mean by :

"I wish the world was more just, and that those fuckers would get what they deserve--but it just isn't going to happen".

If the world was more just, then what would happen to the FED and the US Debt situation ?

The Chinese would sell and relegate the USD to junk-status ?

Why should Germany not do exactly the same thing as the FED ? After all,where's the difference anyway ? Germany's resolve must be to keep the Euro together,no matter what and to think otherwise is just wishful thinking for trading on the wrong side of reality.

As it stands, Europe is a welcome distraction to keep traders eyes from the real big Elephant in the trading room: US ballooning Debt and deficits and the inflating Interest on 14.3 trillion USD national Debt. If the world was more just, perhaps the Chickens would come home to roost on top of that big white Elephant.

So Gordon, remember to be careful what you wish for, and don't trade the Euro if it makes you that angry ;)

Mon, 05/30/2011 - 20:29 | 1323589 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

Dancing will get you arrested in the United States....

Mon, 05/30/2011 - 21:41 | 1324054 Yen Cross
Yen Cross's picture

The government of the United States is scared. Nothing will block the masses.

Mon, 05/30/2011 - 22:36 | 1324192 camoes
camoes's picture

Footloose 2: Police State

Mon, 05/30/2011 - 20:29 | 1323590 Orly
Orly's picture

They can't keep it up forever.

Mon, 05/30/2011 - 20:29 | 1323626 Spalding_Smailes
Spalding_Smailes's picture

Yes they can. 


When did Lehman go under ... ?

Mon, 05/30/2011 - 20:34 | 1323671 HamyWanger
HamyWanger's picture

Indeed. Most people on this site believe that Lehman had to fall.

But it was only an authorized and controlled collapse, just like Bear Stearns. 

And I don't think another "doomer event" will be authorized until a long, long time away. 

Mon, 05/30/2011 - 20:39 | 1323716 Corn1945
Corn1945's picture

Riiiiight. They've got it all under control. That's why Greek interest rates are at 25%. That's why every Western Government is printing money to desperately keep the game going. That's why gold is at $1500 an ounce. That's why the US is dead flat broke according to anyone that can do third grade addition and subtraction.

Don't worry. Nothing will "authorized" to fail because that would be a "doomer event." You're a huckster and a clown.



Mon, 05/30/2011 - 20:52 | 1323871 Al Gorerhythm
Al Gorerhythm's picture

Hamy's one of those guys who strap on their ice skates in June. Always late to the party.

Mon, 05/30/2011 - 21:08 | 1323969 Ned Zeppelin
Ned Zeppelin's picture

I think he's kidding. 

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