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Music to my ears..I love the Sound of musiccccccccc
Finnish finance minister Urpilainen today insisted that the Greek bailout ca only go forward if there are loan guarantees in accordance with the agreements on which the new Finnish coalition government was formed. How this can be done has not been determined. It may sink the current Greek plan.
A mere wool over Finnish taxpayers...a smoke screen so to speak. The bitch will sign. Gold - get you some.
Well, now that there is Academic proof, I really should consider getting some.
Oxford= Captain Obvious.
respect the sentiment, but now PhD Economists say...
Are they related to that other Oxford in England? If so they just lost their credibility.
nah, they are now related to the oxford in OH and the oxford in MS....they just regained their credibility....
Just imagine the nominal value of gold when it does reach its bubble stage. Like a priest on viagara during alter boy camp, gold be going up.
That is a disturbing, yet hilarious analogy. Well done.
That analogy sort of redefines the James Coburn movie line...
"candy @sses & jesus freaks"
Trichet said last year he would stop contagion.. what's this, no it can't be!!!
Again with AH ES gaps and retracements before the open. They'll never give a good short the satisfaction.
Errr... looking at the concept of CDS (collateral), am I right thinking that an Italian downgrade would likely trigger a CDS explosion for all the intertwined institutions couldn't possibly put up all that new collateral, just to make up for the downgrade, not even the default itself?
Um... on the surface it appears so, but(as someone on this board pointed out) it is a game of Calvin Ball and so you gotta keep up with the rules.
eurozone is a disaster. interestingly (on Bloomberg) Iceland just reported a Eurobond auction was twice over subscribed and it now costs less to insure Icelandic debt than it does Italian or Spanish debt. Seriously, tell these greedy bankers and their paid for politicians to fuck off and like Iceland we might actually start to see a real recovery.
Excellent point. I'm sure that news will not get much coverage.
Wall Street Journal Headline, "CHINA BUYS EUROPE!"
Now, where to put all those europeans...probably could disperse them equally to Africa and South America. I'm not sure if a trip to Italy will retain its' cache, but the prices are bound to be better.
Nice. And all that. But with headlines like this, the can-kickability of the Cartel becomes so obvious.
Oil, PM's, Currencies. That pretty much covers the money front.
Add tin-pot dick-taters, compromised politicians... the works...
So, pretty meaningless. Near Term anything is just so open to manipulation.
Gartman just exited half positions because he claims it is now a "crowded trade". Brought to you by the advisor that shorted copper at the lows a couple of weeks ago. Just buy bullion and sit back. As Richard Russell has stated numerous times, this bull will do anything and everything to buck you off.
Gartman is such a pussy.....he needs to packup and leave.
Gartman can sell half his gold forever. He is truly the most vile shill out there.
If thats "5%", I tote a ten man tent.
This just in, Oxford economics, using chromatographic spectral analysis, has confirmed with 99% certainty that gold has a yellowish color.
It says that investors should allocate 500 percent of their portfolio to gold to best offset the effects of both inflation and deflation.
There, fixed that for them.
Gubbermint worker and 500% of portfolio, now the national debt is starting to make sense...:)
and like that, hedges are created...
Can you put that on paper so I know it has true value? :)
Gold should not be 100% of any portfolio. Food should be the majority of your portfolio.
In a real bad meltdown, which is what any meltdown would be in a fragile society like ours, you would need massive stores of food for each person to last long enough for things to settle. Food for the win. It's a risk free trade.
It may only take $5 to dig silver out of the ground, but it takes nothing at all to dig gold out of a withered skeleton's pocket.
I like the "4 G Philosophy"
and in that order...
Yes , yield upcreep shows the shocking instability of criminal ponzi world- everyone's going gold, in a panic. Yesterday's safe haven was Treasuries, but yield creep will happen there, soon (paybacks are a bitch, except when you default) + (Aug 2, Obama's b-day), so gold is all that's left. Of course there will be NO physical delivery, as all fiat assets get devoured in debt-destruction tornado. All the gold frenzy will do is suck any avaialable capital into another massive black hole, thus adding more pressure to the already inescapable deflationary dynamic happening everywhere real people live, but not in the vampire-banking world, or in ZeroHedge-land, where hyper-inflation continues its rampage across the virtual landscape.
To re-phrase- What does oe call it when your house is worthless, and your paycheck remains the same, (or is less) and any investments (except gold) aren't making any money at all, but food and fuel prices have gone through the roof? Why don;t we just call it "GrapesofWrath-tion"???
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