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Greek Treasuries Pancake As Bond Vigilantes Chant Death Chorus
Ah, curve pancaking - better known in bond parlance as the death rattle. The Greek 4 Year GGB just traded wider of the 15 Year at a spread of -4bps (yup, negative). This, to continue the parlance lesson, means the bond vigilantes are now pretty sure how the Greek situation will play out. Oh, and Greece, all the best with that €5 billion10 year bond issuance. The 1 Year spot his exploded from just over 200 bps on January 1, to just under 5%, a rout for all short-term GGB holders. We are anxiously awaiting RBS' rebuttal.
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Europe is governed by a bunch of morons.
Our morons are better than your morons! :P :)
By a fukin long shot #245149. Wake up peoples of the USofA. Wake the f*** up.
Where's my (gold) bitches?
Ben Bernanke is going to look into it. Translation: U.S. Taxpayers get the vaseline ready.
Thank you but I've upgraded to K-Y. Smooth as silk and quit pleasurable in a can't-stop-it-anyway-do-I-have-a-choice kind of way.
http://www.k-y.com/index_us.jsp#
CD,
Get with the times: Astroglide.
http://www.astroglide.com/
MsCreant, you are a dirty little whore.. we luv ya !!
Thanks for the "stock" tip MsCreant. Looks like even the "personal lubricant" sector is going "green".
"IT'S RED HOT TO BE GREEN" "Going Green" goes between the sheets with Astroglide Natural, an all natural and botanical personal lubricant that lets you get in touch with your wild side."http://www.astroglide.com/product-astroglide-natural.html
Now that would be a Green "shoot" I would be supportive of!
TD, stop being so EXCITABLE. The Greek GGBs are just going through a rough patch for now--don't worry, everything will work out. Everything always just works out. The last thing we need are people asking difficult questions and inciting panic, like ZeroHedge! Why can't you just be like CNBC and talk about Tiger's apology for all his holes-in-one? (or two, or three...)
Nice "Stonecutters" reference. Classic.
Gold up, dollar up
Gold large caps up, Dow down
It's just a matter of time until the same shit happens to all FIAT currencies backed by untenable debt...aka the US dollar.
All currencies collapse. Could be 1, 10, 100 years, so what's your point.
long term asset planners know this and are diversifying into gold, the channel is up.
RE: RBS...don't hold your breathe.
Before we proceed any further, make sure you all have proper protection.
http://2.bp.blogspot.com/_wkgIzuqJM0w/S4a54QhIMdI/AAAAAAAACoY/2WbkxDzdxK...
That headline needs to run on Bloomberg.
When Greece will default, whole Europe will do the same end, and the US and Japan will follow immediately.
Now in Europe they are also starting discussions to take Iceland into the EU by 2012!!! This is not a joke but geopolical decisions...
No one will pay anymore any bills...this is the perfect time to get a loan (if they give it to you) as you have many chances not to get it pay back anyway...
What I don't know if it is better to spend the money immediately and enjoy life or buy precious metals with a part of it...
Me thinks not. I see indentured survitude, forced conscription to resource wars, and
debtors prison in our future under the New World Order.
Weeeee dooooo! Weeeeee dooooo!
Royal BankRUPT of Scotland
Rubber Ben of Scotland
Here's some more for your viewing pleasure :)
Royal Bank of Santander (one goes down they both do)
Royal Bank of Scams
Royal Bust of Scotland
Really Bad Stuff
Retched B****** Stink
Ready Bendover Stick
Really Big S***
Really Big Scams
Revenues Before Stability
Really Broke Sirs
Retarded Blokes Stupids
Ready Bailout Survive
Rectally Blocked Swaps
The list can go on but I don't want to spend more than 5 or so minutes lol
The big game might be played as follows:
1) Greece is a sacrificial lamb
2) By gunning down Greece the EURO is devalued, this helps Germany and France and other EuroZone folks (they have a lot of Debt both individually and combined)
3) USD is also being devalued behind its manufactured rise against the EURO (pseudo-strength)
4) Devalued USD is Good for America's high debt load
5) It is a win-win situation
6) China is left with paper and the US is with 5-th generation warplanes. Easy-Pizzy
I would not have faith in those warplanes or weapons. Have had a lot of friends in the service and the mil bureaucracy is stupid and cannot function without hemorrhaging an obscene amount of money. Those planes are worthless without high level maintenance and care. Dollar death I expect to put a ding into the mil. After all in a currency collapse situation the gov is usually able to keep 1 favored group alive and fully functional. So they will have to pick the banks or the mils or half-heart both, and I would not bet against JPM and GS.
great pic! greece is ugly, but what about the syphilitic sister, Khali? Khali-forniacation?
AIG Redux
Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin.
http://www.nytimes.com/2010/02/25/business/global/25swaps.html?ref=business
Funny how that works:
You dance with the devil,
You get a pitchfork up your ace.
Okay, my Tin Hat is officially on and baby I look great in it.
They planned this. No one is stupid, this isn't an accident, this is a template that is being used over and over again.
Deliberate distruction of countries for profit. Mind blowing. And now it is judgement day.
On a CDS, if the squids win, is it possible the squids don't get paid because of counterparty risk?
And shouldn't there be something regarding inside trading, to enforce here? Like, you know they are hiding debt, because you helped them hide it, and then you turn around and make a bet on them failing? That seems like insider trading.
I keep thinking it is possible that we are at financial war with other countries and these corporations are the weapons/soldiers/attack strategy something.
The government has to know, otherwise they would do something.
Dunno...
Weirdly, it all seems to boil down to global financial elites vs. public sector unions/pensions.
Seriously, who gives a rat's ass? What about the bond writedowns, the haircuts, the daisy chained losses waiting to flood chamber after chamber?
Remember when global trade, i.e. being able to eat, was hanging by the thin reed of Letters of Credit being good? Remember?
Now if folks were together and paying attention, we might be forcing those writedowns, amping up reserve requirements, and sharply limiting derivatives exposure. We might even be turning banking into a boring old public utility, or at least reviewing the Reconstruction Finance Corporation policies from the 1930s, when public officers sat behind lending desks, reconfigured boards, etc. You know, the badges and guns in the banks kinda thing.
(cue Steve Martin)
But, NOOOOOOOOOO!
Instead, this Greek shit looks like a play to channel the disaster into...ta-daaa!...an attack on unions. BORING and VENAL and not helpful in terms of our imminent economic demise, but we are so easily distrac---oooooh the gold is so shiny! Pretty....think I'll go get another Coke Zero....l8r....
...Sparta will fall.
All Greece will fall.
Trust not in men...
...honor the gods.
Honor the Carneia."
Who keeps down the electric car? Who made Steve Gutenberg a star?
Wait a minute. Do these Stonecutters have an office at 85 Broad? All the pieces are falling into place
Well whatever happens in Greece, I am sure it will be profitiable for Goldman. Just as they are profiting handsomely in the US with each teacher that gets laid off. Fuckers
Har! Har! Love it!
Hi-Tech weapons - ho-ha! After the breakup of the Soviet Union, nuclear subs were at a 45 degree angle to the ocean surface - great place for seagulls to sun themselves on..
RBS says, "Wah, Wah, Wah."
Why is everyone always picking on us?
There's More
Goldman’s been getting plenty of heat over the currency swap it arranged for Greece.
But the swap itself is not the only issue here. Securitisation also plays a factor and it seems Titlos — the special purpose vehicle (SPV) created to securitise the swap — is not the only Greek debt-concealing securitisation deal undertaken by the Hellenic Republic.
http://ftalphaville.ft.com/blog/2010/02/25/159011/details-on-those-other...
ok, so Greece goes tits up, who pays out on the CDS?
Oh, us I spose.
AIG or another entity.
If it is indeed another entity holding the shit end of the stick, it would be highly profitable for an individual to figure out who this entity is (please let us know so we can all get rich) and then short the living shit out of them.
Prolly just AIG.
Who else would be dumb enough?
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