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Guess whose CDS are breaking out to multi-year highs...
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Of course, as the world economy continues to recover... NEXT!
I'll take wankin' bankers fer 2000 TrichetBucks, Alex.
http://www.youtube.com/watch?v=koY6kXhQDQo
You are now playing against IBS's AI machine, still in?
Do CDS's ever get paid? Must suck to buy insurance on someone who's terminally sick, but the Dr refuses to let them die.
I second this question, is there a report available on this? If Jim Sinclair is to be believed, derivative payments (or inability to make thereof) are the central problem with our economy.
comments welcome....
http://www.irishtimes.com/newspaper/breaking/2011/0120/breaking3.html
The Irish are looking West to Iceland...do they default? Haven't they already as the Irish Central Bank has gone rogue?
The Irish Gov gave into to the EU arm twisting and illegally stole pensioners funds to bail out banksters.. illegal under Irish and EU law.
About time the gov were ousted
Joe Higgins, Irish MEP, put it succinctly in Europe.
Barroso was not pleased!!
http://www.youtube.com/watch?v=uah_BVTmHeM&feature=player_embedded#at=60
Classical political scheme as introduced by the US.
The US introduced a two level authority system, the federal authority and the State authority.
This system is much more efficient when it comes to kicking the can down the road.
For example, Indians signed treaties with the US. US citizens came and settle illegally on Indian lands. The Indians reported to the State level that answered it was a federal issue. Indians went to the Federal level that answered it was a state issue. Meanwhile, more and more settlers. When the Indians took the matter in their hands, well, at this point, they were called ruthless savages and the Blues came in to cleanse them.
Of course, the Federal and State levels works as a tag team that aimed to oust and killed the Indians.
Same stuff with that European parliament. Higgins claims no responsibility in the shit, all EU responsibility and Barosso claims no responsibility in the shit, all Ireland responsibility.
The reality is of course that it was a shared responsibility, both the EU and the Irish state working hand in hand to developp the situation to the current point.
US politics at its best, US politics.
Same ploy used against Ron Paul in Texas. According to the rules governing the Texas arm of the Republican party, he was supposed to be alloted time to speak at the convention in Houston in 2008. His request was refused. His campaign's attorneys went to state court and were told it was a federal matter. They went to federal court and were told it was a state matter. He had been blocked by the party so suspended the campaign that night.
Complete clusterfug now, as Cowen has made a failed attempt at a cabinet reshuffle. The six departing ministers (including four senior ministers) have resigned but the Green Party refuses to support new appointments, so their portfolios are being reassigned among existing ministers. (The Minister for Finance is still in situ.)
The big picture is probably still unchanged. The election is now scheduled for 11 March, which is when it was expected. (Though it could happen sooner. Cowen's position is now back under threat, not two full days after he won the Fianna Fáil leadership contest.) After the election FF and the Greens are out (FF will get an even bigger hiding now) and a Fine Gael/Labour coalition will get in. (There's a slim chance of a Fine Gael or FG + independents government instead.) Don't bet on any dramatic unilateral action by the incoming government. Most likely it will make noises for domestic consumption about asking to renegotiate the failout but will basically just go with the flow. The new government could be short-lived if FG and Labour fail (not for the first time) to agree on tax and spending priorities.
and US futures are trying their best to ignore falls in Asia and Europe ... you can see the manipulation it is so blatant today
Well of course they are. PD's injected with $8 BILLION fresh funny money per day on 10:1 leverlage and you can move some big wheels. I mean valuations are at such lows, the insiders of every listed company out there is loading up! LMAO!
Caution: MAJOR cracks forming
But, will they have enough left over to save my CMG, PCLN, NFLX, and BIDU?
All time high I believe is 100. I smell a debt ceiling showdown my friends........
no idea what ZCT0 stands for. just tried googling it, but to no avail. as an uneducated guess, Spain?
Just US T's in EUROtrash currency...
The EU is in emergency mode and futures are going up! ROTFLMAO!
Thanks for the info.
Heh - of course futures are up. Benron is futures. Benron is market. Rarely a down day so long as Benron mans the (electronic) presses.
No problem.
FYI- It is so terribly ironic that the EURO is seen as this currency worth 1.34x the USD when in reality, THE biggest currency scam in all of human history is in fact, the EURO.
Yes, and you can thank Timmy and the Fed ( say, that should be the name of a new pop group) for keeping the peg at that level to help keep American products from chewing up industry in Germany and France.
Interestingly, according to my basic calculations, if Germany were to return to the DM, it would have aFX rate of DDM/USD 2.10 and the Germans KNOW that. You see, the Germans love the pain and suffering the Irish, Greek, Spanish and Portuguese people are going through because it allows their (Germans) currency to be artificially low and since THEY are THE exporting country of the world (that actaully exports quality products) they are making out like bandits at the expense of the people of said nations.
It makes me sick to see this occurring- why don't the IRISH people stand up against the Nazi errr.... the German Reich which is supressing them!
If EU nations were allowed to adjust their currency accodingly, Greece for example would have an FX rate of Drachmas/USD of .40 which would HELP them.
OH people! PEOPLE! Wake the EFFF UP! The joke is on you EUROPE!
This is a rather myopic view. The EU has essentially become a transfer union, and the Greeks and the Irish have lived it up on basis of far lower base interest rates, specifically because the Germans not only implicitly backstopped EU debt, but also because Ireland + the Med countries have voted to keep base interests low for the entire Eurozone during this entire period.
And now that it has come to pass, the Irish and Greeks are pissed with the Germans, despite them living way beyond their means for years?
If anyone should be pissed off, it should be the Germans (+dutch), who have lived within balanced budgets, and have seen their own purchasing power being gradually taken away.
That was the premise of the whole EU experiement- debtor nations balance out the lender nations. Or so they thought. Enter a real crisis they did not forsee and everyone can see the cracks the EU is made of.
One big family of hate- everyone hates everyone else. So much for unity.
No, that was not the premise. It was not intended the Euro would become a tragedy of the commons for the Irish and Greeks to exploit.
Socialist Mitterrand forced the Euro upon the Germans, or they would veto German reunification. And it suited the Club Med to get rid of the strong German Mark, as it made their own currencies stand out as inflationary experiments.
Meanwhile, the ECB board came to be occupied by 1 person per nation, with the inevitable result that the Germans would always be outvoted in key decisions.
http://mises.org/books/bagus_tragedy_of_euro.pdf
Ok, that was not the "public premise" but rest assured, they all knew what they were doing. The Germans were the most powerful proponent of the EURO.
So, that being the only difference vs. the rest of Euro-zone, this makes them the Third Reich while the rest are ... helpless victims or something?
Spare us.
Socialism reduces everyone to the lowest common denominator in the name of equality. Trickle up poverty.
Now that makes 'cents.' +100
but socialism doesn't apply to the elites, since they are smarter than everyone else and need to tell the rest what to do for their own good. there will be no austerity for the elites, only more relative buying power.
"Socialism reduces everyone to the lowest common denominator in the name of equality. Trickle up poverty."
Oh brother.
Turn down the suck please; Maggie T and Ronnie R called, they want their broken records back.
Check the political structures of the countries with the top ten standards of living and call me back when you've grown up a bit.
Per capita, mixed economies work best, as long as they can keep the financial hit men's mitts off their sovereignty. eg.Ask yourself a simple question: did Norway go broke in late 2008?
Sorry to burst your heavily-conditioned/unrealistic ideological bubble, but it's a fact.
OTOH: if it is the whole "Free for those who can afford it, very expensive for those who can't", or 'Socialism for the wealthy' meme you're railing against> Keep it goin
Regards
Goin, you get to post here while working on government time? cool.
Funny you mention Norway. Hmmm, a country drowning in oil and gas can make any system look great! Niiiiice.
Uh, who do you think I am? Exactly who the hell do you think you are, for that matter?
I've earned every coin I have, thanks for asking. Apparently you aren't aware that you don't have to be a union member to appreciate what the unions have accomplished for the working class. In fact, being outside of such an organisation can give you a first-hand experience of what life can be like as an employee without them. How many outdoor, subzero 26 (count 'em) hour shifts have you put in over the last decade? That's what I thought.
Yeah, you're right: it is unfair to compare a fiscally responsible nation like Norway to the US when the US has already squandered the Lion's share of it's natural resources for the benefit of a few plutocrats and is now in the process of scraping out the dregs for the same... are we learning yet?
Regards
Euros are "prettier". A nice facade on a total farce.
But yeah, the notion that the 1 USD < 1 EUR is, well, a cruel sick joke. Thanks for that, Ben and Sir Alan.
Unless you guys are referring to historical levels, the fact that 1 USD < 1 EUR has nothing to do with strength and is arbitrarily chosen.
On top of that, as a Belgian, I'd like to add that I would be the first to complain about socialist and bad policy,troubles in my country. But comparing Belgium to PIIGS is just totally out of context. It shows how the media just like to publish criticism about the EU.
I'll tell you something which is not in the newspapers the FT, the Wall street journal and all this anti-EU propaganda.
Belgium is a net-creditor nation.
And households have lots of savings, not shitloads of household debt like the USA, UK.
If the state is in trouble, it'll just find the money in more taxes (e.g. we don't have taxes on capital gains!!). If the Banana Republic of America wants to raise taxes there will be protests all over the place.
Debt/GDP is just one indicator. I'm saying people in Belgium are rich and the state is poor.
Well, to the extent that Belgium == EU, you have a point.
That's sort of like saying Minnesota == US though, right?
Wrong, wrong and wrong. Do you know how I study what is taking place in the US? I read foreign newspapers. Do you know how I read about the EU? Asian newspapers. That way, any propaganda (tons of it) is filtered first. I believe you have been reading (drinking) too much Gov't propaganda yourself.
I visitied Belgium in the summer of 2009 on my way to France. I found several cities in near ruins, with homes in shambles, and rusted out cars the vehicle of choice. The ALDI supermarket looked like a back country shack- dark, dirty, cramped and loaded with crap merchandise. I was surprised. Based on what you are saying, I'd expect to see well kept homes and newer cars. Anyways, my rant means nothing to the big picture. What is occurring behind the scenes is all that matters. The EU as you know it is done.
Coming from France , you must have entered Belgium through the province of Hainault . Yes , that is an economic backwater . On average , the south of Belgium is poorer than the north , but Hainault is an outlier , even in the south . Don't jump to conclusions
I can't recall the towns in the south but I do know, one of our two main stops was Spa- fair, but nothing special. The countryside was beautiful as is nature always- the surrounding cities were terrible. As I said, rusted out cars, abandoned buildings, ghettos that rivaled Detroit in the US. My short visit to Belgium left behind the memory of a crisis, not wealth.
a visit to belgium won't tell you nothing about the EU. compare it to detroit and we know you don't know what you are talking about. period.
EU finds its base in 500 years of history my friend ...
true,
The south of Belgium and Hainault in particular are the ghetto basically. Nobody's working.(20% unemployment) and 50% in the south who HAVE a job is working for the government!! The south has the second highest unemployment after Spain in the EU if you consider only countries.
But there's a massive difference with the less (massively) socialist south, the north. It has one of the lowest unemployment figures in the EU and belgium as a whole is still 5th most 'productive' state in the world (in the 90s it was the biggest car manufacturer/person e.g.)
Belgium is still quite rich but the south is just diverging towards communism. Thats why theres no government, they are basically parasites, 40% votes on the 'socialist' party. That party keeps the unemployment payroll policy mild & votes for the right of non-belgiums to vote in elections!! (just to get more socialist votes)
I think Belgium is still nothing compared to the PIIGS given it IS a net creditor nation.
As a dutch speaking person from the north of Belgium I am ashamed about the ruin that some cities in the south are and I think Belgium is not in big troubles yet (nothing compared like the PIIGS) but will be in big troubles if the north is not hard on the communism which is breeding in the south.
Visiting the south was just bad luck. I am ashamed of that region and the 'socialist' (read:communist) policy there.
Yet only 3 M / 10M people live in the south. 6M live in the north and these cities are in really good shape, antwerp, bruge, ghent, hasselt are beautiful.
Benron...
Isn't that the company that had the massive ink spill on the Patomac...with all the slick covered government walruses??
It's USA!
Do I get hyperinflation as a prize now?
+1 quadrillion Benniebucks
Il?
http://www.bbc.co.uk/news/world-europe-12239332
still can't find zcto either
Those belong to United Socialist States of America
You got it. US T's simply priced in EUROtrash 'money'.
I don't know which currency is worse, the Euro or Zimbabwe dollars. That I mean sincerely. Think about it and get back to me.
Euros are sort of a nice candy wrapping paper
Get back to you on what? Your comment is free of substance.
And US T's are priced in US dollars.
http://noir.bloomberg.com/apps/quote?ticker=CT786896:IND
The Irish are Fuking crooks. Let me proove it
When I lived in Ireland they
- stole my 1st bike worth 3500
- my 2nd scooter worth 1000, the cop was actually laughing in my face when I went to report it
- my last scooter, when I left Ireland I left it with a dealer(yes a buisness) to sell, haven't heard from him since and my attempts to contact him where unsuccesful, worth 1500
- when I left Ireland I tried to claim unemployment benefits for 2 months, they invoked some obscure law after I already moved to another country to deny me my 3000
- I tried to claim my back taxes(for 2010), again the Irish revenue office blocked me from doing so, worth 1000
Screw the Irish! Fuking crocks!
Last thing I did I maxed out my Irish credit card and am not planning to pay it back, worth 1500
Hey would you have a scooter or bike I could borrow? I'll gladly pay you for it should anything happen to it.
I was there for 5 years so it averages out to 2000 per year, not too bad, but I will never do business or be friends with an Irish again, and advise no1 to be either
That'll learn 'em.
I'm going with some overnight Tunasian action.
Buy the fucking dip, you fucking idiot...if the U.S. Federal Reserve notes are going to collapse, the replacement value of stocks (in U.S. currency terms) is going to be much, much greater. It will take many more units of debased currency in order to replace one unit of equity in corporate entities. Earnings are irrelevant; FISCAL and MONETARY POLICY will rule the day.
they could replace the Fed notes with Post-it Notes...they actually have more value
Except that you forgot this one little detail- if US T's collapse, all that stock paper you hold, will be worth as much as the leaves in your backyard. Get it? The last pillar for the world is the US. Once that goes, lights out. And this is not some fear mongering bull shit. All of your worst nightmares become reality. PRAY that does not happen. Pray instead that the EU collpases first. That is the world's only hope right now.
Why does the order matter?
It matters greatly. Think military might... if not for the US being the police of the world, the world would have imploded decades ago. The EU has the military might of Japan, and perhaps South Korea combined.
You're incoherent. What is it that you're trying to say?
The question was: if the EU collapses first (and presumably the US collapses second), they will both have collapsed, so the outcome would likely be the same.
I bought the fuckin' dip over and over.
Au and Ag keep getting pummeled by this 'recovery' news. It's bullcrap and its raping my investments.
The only thing this QE is doing is butt-fucking fixed income and PM's, making investors purchase shares with intrinsic value based on an ever-collapsing dollar.
Just because Europe is the headline, doesn't mean the USD has better fundamentals. If anything, the collapse is assured and the question is when.
BTFD my balls
Buy the fucking dip, you fucking idiot...if the U.S. Federal Reserve notes are going to collapse, the replacement value of stocks (in U.S. currency terms) is going to be much, much greater. It will take many more units of debased currency in order to replace one unit of equity in corporate entities. Earnings are irrelevant; FISCAL and MONETARY POLICY will rule the day.
Yeah...that's the way it worked in Zimbabwe...NOT!
Zim stocks in nominal Zim dollars went to the moon... in inflation adjusted Zim dollars... Zilch.
Please explain to me why buying US listed stocks in Euro currency any wiser than buying Zim stocks in US dollars?
At least everyone in Zimbabwe was a TRILLIONAIRE (who couldn't afford a roll of toilet paper!)
What the idiot above you thinks he/she/it knows, is stocks up=best place to park money=everyone is rich.
JL Reading... Agreed. The Fed is having the bullion banks shake hell out of the PM trees since about the first of the month. I think they might have some success if they can force the hedgies to sell to cover (at least those hedgies dumb enough to be short stocks in a market dominated by POMO).
Of course, the game the Fed/bullion banks are playing is all in paper PMs...and, the bullion banks are now terrified of having to cover massive shorts...so they need lower prices in paper PMs for future delivery months.
This is strictly my WAG on what is happening...but I can see no other reason that the Fed would let stocks drop except to take down paper PM prices.
I hope other physical PM holders out there offer other possibilities. I am a good listener.
SW you are right on its just...are the Physical PM prices going to follow the paper prices? if yes, good for us! we can load up even more at lower prices, we'll see!
Interesting article which shows the intraday average gold price movements...nothing new to the astute observer but shows that "price discovery" to the downside only occurs during specific times:
http://news.goldseek.com/GoldSeek/1294927200.php
That is Portugal.
No, it's the US 10Yr Treasury CDS.
I am no expert in fact far removed from being one. I initially thought just like you, that it might be the 10 year notes but something else made me change my mind. Because, if the cds for 10 year are this high then how come the yield on them is still so low? Shouldnt the yield be more than 4%? But its not.
Something about your avatar: the name is of a famous laniesta, a owner of gladiators in ancient rome. Is it a coincidence or more?
Ok, I'll bite. How can you tell from looking at the chart?? Thanks.
10% of Irish folk are looking for jobs abroad.
LET THEM ALL GO TO AMERICA ON A BOAT!!
America can create jobs by building that ship and name it TITANIC II
and before everybody boards, the US can take life insurances on these people IN CASE A "ACCIDENT" HAPPENS!!
Think about it. A sure money maker.
Insurances at 50 mil./pc and the US gov. could down-pay it's debt a bit with it.
300.000 casualties will do to downpay the US debt in TOTAL!!
WHY DO I ALWAYS NEED TO COME UP WITH THE GOOD IDEA'S!!!
DON'T THEY HAVE PEOPLE AT NASA WHO CAN FIGURE OUT STUFF LIKE THIS!!!
Dear Tyler,
Would you PLEASE add a sarcasm choice to the rich text editor tool bar. Maybe a color highlight would work.
Some folks tend take comments the wrong way.
hmmm... fluorescent color options for the text....
I LIKE THE IDEA ALREADY!!!!!
--
Actually might work...
From another thread...
Here is some news on Greek Bonds:
Greek Bondholders Unlikely to Get Paid Back in Full, Goldman's Wilson Sayshttp://www.bloomberg.com/news/2011-01-20/greek-bondholders-unlikely-to-g...
Overview European government bonds:
http://www.investinginbondseurope.org/Pages/Console.aspx?strView=tradeweb-eugv&bitDisplayAll=true&thisId=7826
Gold taking a rape this morning...
I only see 3 bond sales today...
germany... no
Spain... they sucked already...
Belgium.. only sucks slightly more then...
IT'S BELGIUM!!!!!
FREE BEER AND CHOCOLAT FOR EVERYBODY!!
Hand over the diamonds
Guess who?
http://www.youtube.com/watch?v=BC8j2ekiPp0
We have barely entered a 10 economic hurricane. The amount of pain that awaits us (90% of the population) is horrific. The greatest country in the history of mankind has been stabbed in the back from within. We will come out of this as a second tier power.
We know who is responsible for the tech and R/E bubbles, for repealing Glass Steagal, for lying to us about WMDs in Iraq, for TBTF bailout. We know that the MSM is complicit in keeping the focus on other matters.
At the end of the day we will need a strong military leaders to take charge of this country. This leader will gain the respect and support of the masses by arresting, placing on trial and having executed by firing squad all those who are responsible. The MSM mafia must be broken up. A message must be made for history that this rape and pillage of the US will not go unpunish.
It's like watching a horror movie.
First they build momentum and set the mood. (2007-2010)
And suddenly 2 characters appair.
1 blond big booby girl and 1 negro.
NOW, I CAN TELL YOU, IF YOU SEE THESE IN A HORROR MOVIE, I CAN ASSURE YOU THAT:
1. The negro dies first
2. The blond will try to make a run for it but... YOU GUESSED IT, SHE RUNS TO THE LEFT WHILE SHE SHOULD HAVE RUN TO THE RIGHT!
I think I've seen that movie. In the climactic scene, the BBB (as in Big Boobed Blond) has a choice of weapons before walking left down the long, dark hallway...
1) An automatic rifle
2) A chainsaw
3) A flashlight
Of course, she choses the flashlight - which runs out of batteries about 20-feet into the now pitch-black coridor of doom.
Classic!
Sounds like the horror movie we have in progress here in the U.S. too.
"they always have a little revolver that they're gonna shoot the monster with. and there is always a girl who falls down and twists"
I ate a hot dog
It tasted real good
Then I watched a movie
From hollywood
We are showing our age here lilimarlene.
Hat-tip Frank Zappa next time...
I hate to break this news to you, but Eisenhower died.
The kids are the only hope...right? Guess what, they don't care.
And the older folks keep wringing their hands like Zazou Pitts in and old Gail Storm Show episode.
Everyone else is just tired for screaming cause no one is listening.
Nice rollup.
Hernando...sounds like you are hoping for another Hitler or one of the many of his ilk...
I sincerely hope your wish does not come true.
We do need intelligent leadership that has the interests of America at heart. We do not need a military junta followed by WW3.
exactly how I read it, and exactly what I think is coming. It's almost telegraphed. I simply don't see the person who makes sense just yet... which makes me think he might be somewhere in the military. It's something like 1932 right now... wait for it.
Chris Christie-NJ or Mitch Daniels-IN
Pinochet saved Chile. Today Chile is doing great. The current system does not work. Wall Street and the MSM are one in the same. They have stabbed us in the back.
The great German people would not have elected a Hitler had they not been stabbed in the back from within (commies and banksters) and the Versailles treaty.
We would have been better off if the Brits had helped the Germans destroy the Soviet Union.
Ugh. Where do people come up with stuff about Germany losing WWI because they were "stabbed in the back"? They lost because another country (perhaps foolishly) entered the war a year before and had added a million new men to the opposite side by that point. When two sides are exhausted and one side suddenly adds a million men, that side tends to win.
If you want to say that perhaps the worst president in U.S. history (quite a mountain to climb), Woodrow Wilson, stupidly threw away thousands of U.S. lives in a contest in which we should have had no great preference, then you'd have an argument. And Niall Ferguson's already made it for you.
As to Versailles, yes, actually the Germans were somewhat stabbed in the back as the armistice was originally agreed to with the promice that peace terms would not be punitive but the French and to a lesser extent the British immediately made them so. Narcissistic prude asshole Wilson promised to prevent that but, being one of history's greatest fuckups, of course didn't.
Great post... thanks. Amazingly... Wilson and FDR routinely top lists of our greatest presidents. Ugh.
always gave me a clue as to the author's background. You'll find TR there for similar reasons. - Ned
What you said.
Politicians are the ultimate backstabing cowards. They will sell the country down the river for for a few dollars and the promises of their Bankster masters then when the heat comes on turn and bite to death said banksters.
Just wait, when the SHTF and the angry mob turn on the Politicians they will redirect it all onto the banksters. Not hard to blame and hate banksters of course.
The real blame rests not with those that corrupt but those that let themselves be corrupted. The politicians will be furiously putting the focus on their masters and persecuting them to hell.
But a special place in hell should be saved for corrupt regulators, the ones who responsibility is to protect the country. And particularly the CFTC that allows blatant over the top corruption to occur every day.
I will sing and dance at their guilotine as each is dragged to its blade by the order of the people's court.
Well thats the dream, reality will be of course banksters and corrupt politicians with regulators taking their stolen money and bullion and hole in some resort.
The greatest country in the history of mankind has been stabbed in the back from within. We will come out of this as a second tier power.
Second tier to who? Everyone has paper currencies...we all drop dead together.
500 years of Christian global guidance has been surrendered in one generation to Asia. China is well on its way to replacing us as the global power.
By 2030, we will have Chinese - LatAm Left naval exercises in the Caribbean and Pacific. Sooner if we losse Mexico to the Left in ther 2012 presidential elections. Cuba today has replaced the Soviets with the Chinese.
Our MSM lies to us all the time. LatAm continues to move Left.
500 years of Christian global guidance has been surrendered in one generation to Asia. By 2030, we will have Chinese - LatAm Left naval exercises in the Caribbean and Pacific. Sooner if we losse Mexico to the Left in ther 2012 presidential elections. Cuba today has replaced the Soviets with the Chinese.
Let me say this clearly so you understand it.
BULLSHIT.
And learn to spell English. It's LOSE not LOSSE.
outstanding intellectual response and your secretarial proof reading isn't bad.
idiot!
If one lives in the U.S.A., the only asset you do NOT wish to own is CASH otherwise known as Federal Reserve Notes. You want to be short cash which means long everything non-cash which includes over-priced, totally-manipulated common shares. Now, mind you, I would rather be long gold short stocks as a trade (yeah especially into today's Au crash) but the premise remains intact. The purchasing power of U.S. currency is in full crash mode so everything non-currency is a buy.
Sov CDS (mid mkt)
Country 5yr 10yr
USA 51 67
Germany 58 74
France 99 115
Spain 272 259
Portugal 453 390
The euro countries trade in $'s and U.S. trades in eur's. USA still tighter than anyone. All are leaking. The wider names trade inverted - 10yr is tighter than 5yr.
This is still true ... and as usually the early birds, rats are in london ... aka FTSE - and the bagholders aka the sheep staring at the DOW ...
http://marketcyclesresearch.blogspot.com/2011/01/imho-we-are-very-close-to-next-sell-off.html
And btw would be pretty surprised not to see Gold 133x or silver 27.x - so that Blythe can cover more shorts and shake more trees and get some more physical from the sheep ... btw with sacrificing indexes and munis and profiting nicely from fear again ... duration change: sell off might last into mid of February or so ... btw Harry giving back some? Not?
And have a closer look at brent ...
it has to be Spain, no Portugal... wait, France ? Ireland ? Germany ? How about the entire EU?
Is it Marina Vagina
This is the 5 year EUR spread. The question is, why the spike all of a sudden?
I'm so glad I loaded up on Zacto in September 09 (arbitraged it in Euros). But most importantly, I took physical delivery. No paper Zacto!
Previous S&P500 / DOW / FTSE / DAX bearish warnings are confirmed today. This correction is very overdue which is not good ...
http://stockmarket618.wordpress.com
I seem to remember General Patreus being dubbed as the second coming a few months ago, and speculation as to his presidential possibilities.
I say Ron Paul, bitchez.