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I guess that's why the EUR is pushing highs again, and the S+P is up against it's yearly high as well?
S&P negative for the year...EUR and Fiatsco winos staggering down the alleyway arm in arm propping each other up when one or the other stumbles.
ach sure, not to worry.
This may be a weekend of hair cuts and margin requirement hikes.
What? Well I havent seen any bubblehead C- journalism student turned economic expert on CNBC mention any of this. Cant be true. Freaking unicorn dew shooting out of my TV all over the carpet.
22% a year is just about enough to tame inflation. HPQ up 3%, nuff said
When is the dollar going to bounce? This ride is getting a bit frightening.
60-70% Haircut INMINENT
OMG - FRENCH BANKS WILL FACE INSURMOUNTABLE IMPAIRMENTS! - Does Trichet request a Bernank 2011 Super Fiat Printer from Berlin?
NBG is .10 away from it's all time lows...
only 15 days till Mexican Standoff..
Only 40%!?! That ain't the Greece I know.
Looks like Greece would do better with a couple of Capital One cards in their wallets.
So what is the default insurance permium? TIA
And I thought I was confused, but NOW I can say without reservation that I am profoundly lost - The only answer that seems reasonable is that the markets are going parabolic in an attempt to force the 'back channel' discussion in Washington DC to ensure Debt ceilings are increased & the Bernankster carries on with QE4EVER - meanwhile the real economy is grinding slower & the divergence between paper & reality extends beyond practical reason...and REMIND ME WHY WE NEED A GOVERNMENT?!
How did you get a price of 74.25% for the 2 year?
Or 59 cents/Euro for the 10 year?
Just wondering how the annual interest computes to these discounts...
All explanations welcome, from Tyler or elsewhere.
22% still not high enough..
...given anything longer than a 3 Year Bond you'll never ever see your money again!
You forgot you get a free maturity extension with each haircut.
You will get your money back.....snicker.
Look at the complacency of the "market". European equities close the day up 2%+. WTF!
Finally, people can get a decent return on their savings.
Savings good. Debt bad.
I had correctly predicted increase in silver price growth speed here, in this March 13th graph.
But I made that prediction correctly based on consequent correction to 25-28 USD. Have i also predicted correction correctly ( that its coming soon) , and the level of correction price ( its 45 USD in the graph, could be of course even >50 USD in the peak as well as prices move very fast in superexponential growth region)?
We shall know in less than a 2 weeks.
The interesting thing is , stocks has to drop at the same time, as USD value will be somewhat temporarily restored vs. silver and also a bit vs. gold, but oil price should not change dramatically.
Is Iran going to do something stupid? I have no idea what could cause all these events simultaneously. Or some too big to fail bank may fail?
Rumour: Grease CB in discussions with PayDay Loans for bridge financing. ;)
And far more jarringly, the 10 Year is 59 cents on the euro. A 40% haircut is now effectively priced in by the market.
And THE catalyst of why Germany wants to restructure ASAP. They have come to appreciate that it will be 40c to the Euro by this time next month. They'll just pump Ben for the fx swap lines to recap. F12 F12 F12 and it's done
I wonder when Ireland, Portugal, Spain, Italy et al will wake up and jump aboard the train that is now departing from gleis 8 3/8?
If I had inside knowledge that the ECB would monetize on a gigantic scale I would buy this paper.
Evelyn , you know I think you are a real nice guy , really I do
Yup, the steamroller still looks pretty far away to me. I might just try to pick up a few dimes before it gets here.
Any idea how to find ISIN, or even better, CUSIP, for Greek bonds?
Sorry Cull , I don't - I am just a Dork
Which day of the week is have a whiskey day DOC?
We'll share this week, I got a little extra ration ..
Did anyone notice it is 420?
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