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It's The Chart, STUPID
With every Tom, Dick and Harry convinced they can take on Goldman's Jim O'Neill and come up with a wittier, edgier, Gen Y/Z BRIC equivalent, Zero Hedge has decided to join the fray. We present the STUPIDs: Spain, Turkey, UK, Portgual, Italy and Dubai. We admit that while the BRICs and some the other more ridiculous sounding acronyms we have seen out there recently are a gauge into various countries' pent up "growth" potential, the STUPID index is merely a countdown to the inevitable sovereign debt implsion that so far has been postponed due to cash printers working on overdrive 24/7. And to make it simple for the armchair acronym specialists, since the index is in CDS, the chart will go up... but not on the pervasive permabullish sentiment.
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how about STUUPID, with another U for the US...just to be fair and balanced...one finger pointed out has three fingers pointed back, yada yada...otherwise, typically excellent....
Portugal is usually on that craps acronims. Yes, it´s accurate Portugal's economic system isn't so great, but you will find other people countrys inside a poor scenario than 1800Flowers Coupons Portugal for example Poland, Italy and other people.
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STUPID index is more than a countdown to the inevitable implsion sovereign debt until now has been postponed due to effective printers working in overdrive 24 / 7. And to make it easy for armchair experts acronym, because the index is in the CDS, the graph will go up ... but not in the general sense permabullish.\] canada pharmacy
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The clock is ticking, and no printing press will save the European banking system when the time comes. Wonder if goppers will manage to tear down the house of cards before it collapses by itsef. If it were not a tragedy, it would be just hilarious.
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I lost count of how many times I said to the Republicans and here in this blog today that the deficit was inherited from George Bush. It was not something that Barack Obama created. When I say these things to my Republican friends is like talking to a wall. That kind of recognition, but then right will say something about how it really was not until Democrats took back Congress in 2011 made the deficit actually place. Really crazy. They refuse to believe that Republican policies led to this country to a large budget deficit. In fact, jogos de carros jogos de motos jogos da barbie jogos do mario windows 8
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Actually, i don't know how i didn't think of it above, but the STUUPID PIIGS would roll-up fairly nicely to that great 70's memory,the Organization of Fuel Using Countries, which can't be more than one oil crisis away, so we can re-start it now and bet against ourselves in the swaps market with the BRICS on the other side of the trade as the S Debt funding mechanism. Problem solved. For a few more years at anyway.
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ROTFL LMAO.
The 2008-09 fractal implies a gravity defying wave 3 is about to launch. Uh Oh.
"STUPID is what STUPID does"
Great stuff TD.
I respectfully submit there is one omission. It should be:
STUPID US
UST default more likely than blue-chippers now:
http://online.wsj.com/article/SB1000142405274870338900457503327353467855...
Check the comments. Similar to over here and I think I found were Cheeky has been hanging out.
STUUPID !!!!!!
sounds great but we need more info
1. How are the contributions weighted?
2. Can you provide separate graphs for each contributor on the same graph or anotehr one?
1. it is irelelvant
2. you can extract from the main chart information about individuals.
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Relax....it is just a matter of legal accounting semantics.....
"I" should have been Ireland.
...unexpectedly...
definitely ireland
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Speaking of STUPID, look who's on TV right now!
The only thing missing is the clown nose....
ASSININE Index: Argentina, Spain, Switzerland, Italy, Netherlands, India, Nigeria, England
Maybe replace Argentina with America?
How do India and the Netherlands fit into this bunch; is it just for convenience?
Yes. Perhaps Illinois and Nevada would have been more apt.
My God... It's full of awesome.
(apologies to Clarke & Kubric)
STUPIDUS Maximus - a new specie that includes the US.
Priceless! Thumbs up ZH!
Looks like a "bullish" CUP and HANDLE formation on the right side!
STUPID -- ha, ha, ha! Excellent!
F U C K E D:
G O L D:
What the fuck does "Archived" mean?
Where are all my old comments?
I think that acronym ignores some very severe problems in Eastern Europe. I propose:
Dubai England Estonia Portugal (or Poland?)
Spain Hungary Italy Turkey
It also has the advantage that you can combine them with the Brics, and just SHIT BRICS if you like
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lol that was actually clever web dizajn
here's another one Finland Ukraine Belgium Austria Russia
Dear Colleagues, please be so kind to consider the following acronym COMe IN! - California, Ohio, Michigan, Illinois, New York.
Funny stuff. Man this stuff almost writes itself.
The Munder STUPID Fund.
Whats the symbol for the 3x STUPID ETF? LOL!
IOU
I'd think it would be DUH or DUM
that seems to be fair... I will try it!
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Just to show how STUPID you are explain why Italy is included?
Turkey doesn't belong.
How about this little action by the Black folks -
http://jessescrossroadscafe.blogspot.com/2010/02/why-is-blackrock-broadl...
Canada
Russia
Egypt
Australia
Mexico
Portugal
Italy
Estonia
Canada -> California
Australia -> America
Fixed it for you.
that seems to be fair... I will try it!
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Mongolia
Angola
Dubai
Detroit
touche....
This sure as shit beats MAVINS on TBI. Fucking fools.
ROTFL
PIGS
Portugal, Italy, Greece, Spain.
It seems everyone has forgotten about California! This state with no oil revenue (Ton's of Oil), no real estate tax revenue (Prop 13), no budget(State Reps),no govenor- come September 2010 will default. IOUs will be issued by July 1, 2010. Mass layoffs of govenment employees are starting on April 1, 2010. Muni Bonds could default as soon as November 2010. Not fun! Iceland here we come!
IP.
Anybody know how to embed images?
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That would take some work... hmmm
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D enmark
E ngland
F rance
A ustrailia
U SA
L ithuania
T urkey
Poland
Österreich
New
Zealand
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easily one of the best comment threads.
awesome index, ZH; great show, all.
I notice you include Italy. Italy has over 2451 tons gold (see your own post http://www.zerohedge.com/article/gold-holdings-country). Sovereign default highly unlikely at the moment. Italy can well afford to bide its time.
I wouldn't mind betting that Italy has more gold than the USA !!! If ever USA gets an audit.
This thread is epic. As well as this tyler post.
Switzerland
England
Lithuania
Latvia
Spain
Estonia
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What's edgy or clever about the acronym BRIC? He takes four letters that make a real word (CRIB) and makes them into an almost-word...how clever. Comments here are far better than the original.
I like BRIC because of the multiplicity of possible meanings. BRIC as in a building brick of an emerging country comes to mind. Then you have the subversive element for when the economies stumble: "dumb as a brick," "he shot a brick," fall "like a brick," etc.
STUPIDity is similar as it can be twisted and turned with market action. The buyer or seller on the wrong side of the market is tortured by regret and second guessing either way. Bravo.
Nothing, most of what Jim O'Neill says is utter crap. The man even said we wouldn't have a recession. Half-wit.
I think we need to be careful about the T.W.A.T.S
Tajikistan, Wales, American, Turkey, South Korea.
I don't yet know what links them, but will produce a graph soon.
Portugal is always on that craps acronims. Yes, it´s true Portugal's economy is not so good, but there are others countrys in a bad situation than Portugal such as Poland, Italy and others.
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