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So with France in the mix, do we get F-PIIGS...
...and with the US, do we get FU-PIIGS?
bail them bitchez out! we need to rally on!
Nice to see some focus (someone send the rating agencies a note on the subject).
It really helps.
As does objectivity.
Speaking of which, have we seen any ZH mention of the extremely light volume on today's melt "down"?
No. I asked about this earlier as well. The slow pace of trading was downright suspicious today. While it may just be coincidental or a problem with my rig I'll also point this out: the most basic (and free) tools are not reporting today's volume right now. This may change momentarily, but Stockcharts.com shows no volume bar for $spx. Google Finance shows yesterday's volume for .inx. Yahoo Finance will show that volume was bottomed out for the whole day except a spike right at the open but will not show the aggregate volume for the day. Like I said, this may just be a temporary something-or-other and I don't want to get my tinfoil hat out just yet; but, it's annoying the hell out of me since I watched the volume all day and it didn't even come close to being even nearly almost 1 billion shares traded for the S&P. Furthermore, JPM and C (I'm sure there may be others that I didn't catch as well) had volume that was laughably below their averages.
Someone, please say something about this. Tyler, please tell me what happened today. I don't have the tools to investigate, but I do have the eyes to observe it. It just didn't feel right. Mr. Tyler Durden, I wait for word about this mystery. Please illuminate. I am inthe dark.
OK, let me retract that partially. Stockcharts now has volume up there, but it is significantly higher than what they were showing throughout the market day. Apparently, Google Finance and Stockcharts had the same glitchy info. Volume was not actually that bad for the S&P.
In Hedge Fund terms Fuck the PIIG's.
you left out UK...so it is FUUK-PIIGS
You left out US...so it is FUUK-US-PIIGS.
If you add China and Kameroon as well, you know what is going to happen to Europe :-)
Berlusconi attack on Tremonti is the tip of the iceberg...
w/ tremonti's heart condition thats a dangerous game he is playing ... a smart tax guy would call it quit ...
At some point, isn't some nation going to just call the whole slow-motion-train-wreck off and go postal via invasion or carpet bombing?
If they are led by geniuses such as yourself that, sir, is indeed a possibility.
Does each country get their respective "15 minutes" or do the dominoes just start falling?
They gridlock internally over how to allocate dwindling resources...
and then like a top that's lost its spin they fall over.
"the bond vigilantes decided to go straight to the gateway to Europe's core."
The allies tried that. It didn't work out so well...
"the biggest surge in recent months in net notional has not been at Italy, nor Spain, nor any of the other PIIGS, but.. France."
Yeah, that route worked out a bit better...just sayin...
Euro-peons, don't hate on slant eyed Chinese for now they own you.
its like racism
you mean it's.
No-one owns Europe... you still do get it do you...
A little background music while your reading article.
Johnny Cash - Ring of fire
But but...can't we lie our way out of this one too?
Say what you will, but we got some of the world's great liars assembled in the ECB and the Fed these days. Hehe even the politicians get baffled!
So with the combined lying power of the ECB, Fed, IMF, Euro and US politicians, you would think we could just get through another debt crisis one more time
Yes! What is economy: the cooperation of individuals toward a lie: a goal in a future that might exist...
Good liars vs trembling lips...
Yes! But the success of the economy depends on the ability of the liars to stay one step ahead of the truth and the skeptics. So we need really, really olympic level liars to have a great economy. We're in trouble now because these guys started believing their own lies in 2005-2008. "The fundamentals of our economy are sound". And Bernanke thought he could have prevented the Great Depression from his computer, so he got overconfident. Now they realize they have to start lying really well again
vague, nonspecific, disorganized
vague and nonspecific are near synonyms. redundant.
Or just billions upon billions of really stupid sheeple.
Who were the underwriters on the Italian CDS? I'm actually asking, not being coy. Surely the US banks have some exposure here,no? Tyler?
It's almost impossible to say without some entity making an annoucement that they are holding the bag. That will never happen. CDS's can be created and then sold to other entities so who knows who has what until they are cleared.
The president would like to order a pepperoni and mushroom cloud. ;) (My dad worked at Teledyne back in the day)
It's hard to keep sinking ships afloat
Not when they're already stranded.
Still they'll sink in all the quicksand :)
I wonder how much of the France CDS increase has to do with failing to conquer Libya?
Look, US consumers, if you promise to max out all your credit cards at the mall this weekend, then we promise you we'll take care of the banking booboos
this is huge!! western civilzation started in italy & its end begins in italy
someone said that about greece last week
anyhow it's so euro centric
I always thought Italians had low private debt levels !
Whats the total private debt in Italy ?
Doesn't that just mean they have an extra pound of flesh to donate to the cause?
also they say their central bank holds a fair slug of gold. http://en.wikipedia.org/wiki/Gold_reserve
2451 Ton = $110,306,470,680.00
Huge. Like their love.
its tough to engineer cross collateral loans in Bulgarian
I want to give a big round of applause to the Markit team that posts their Peripheral Sovereign CDS Pricing table on FT Alphaville! They are clearly doing their part by not updating the spreads all day today. I wonder if they got a call from Timmy to just stale it and call it an early weekend!!!
Bernanke will print all that, no worry.
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