• Leo Kolivakis
    07/30/2010 - 17:29
    In the first quarter, the US economy grew by 3.7%, revised up from an originally reported 2.7% increase. But growth estimates all the way back to the start of 2007 were revised lower. Moreover, the level of real GDP in Q1 was revised down by $100 billion. Does this mean the secular bull market in bonds will continue? And are Treasuries the "last diversifier left"?
  • Vitaliy Katsenelson
    07/30/2010 - 13:51
    The Japanese economy operates on the assumption, soon to be proved false, that the government will always be able to borrow at low interest rates. As internal demand evaporates, the government will have to start hawking its debt outside Japan — in a more realistic world, where interest rates are a lot higher.
  • Phoenix Capital Research
    07/30/2010 - 09:55
    Dear Mr. President, You don’t know me, but I was one of the millions of Americans who voted for you in the last election. I have since been fairly critical of your Presidency largely because I, like many others, feel betrayed by the policies you have enacted upon winning said election.

The Meeting Deciding The Fate Of Greece Is Now In Session

Tyler Durden's picture




Headline which tells you all you need to know:

15:32 03/09 GREEK PRIME MINISTER ENTERS MEETING WITH US TSY'S GEITHNER

5
Your rating: None Average: 5 (4 votes)



by BlackBeard
on Tue, 03/09/2010 - 15:38
#259484

5$ on 69 and then greek style.  Pompodroo gets top, Timmay takes bottom.

by lizzy36
on Tue, 03/09/2010 - 15:39
#259489

where do summers and ben shalom fit?

by BlackBeard
on Tue, 03/09/2010 - 15:43
#259499

In each other's asses of course!

by lizzy36
on Tue, 03/09/2010 - 15:48
#259511

thx for the visual

by BlackBeard
on Tue, 03/09/2010 - 15:58
#259524

Just sayin' what everyone's thinkin'...

by hedgeless_horseman
on Tue, 03/09/2010 - 16:02
#259537

Quick, send this text to Timmy.

Q:  How do you seperate the Greek men from the boys?

A:  With a crow-bar.

by SWRichmond
on Tue, 03/09/2010 - 16:11
#259555

sorry lizzy, but I'm afraid you started it above: "where do summers and ben shalom fit?"

by Cognitive Dissonance
on Tue, 03/09/2010 - 15:43
#259500

PIGG pile.

by monmick
on Tue, 03/09/2010 - 16:38
#259626

Who is the hypotenuse in this love triangle?

by JohnG
on Tue, 03/09/2010 - 19:53
#259939

Blankface, of course.

by doublethink
on Tue, 03/09/2010 - 15:59
#259528

 

Paulson: "Gre...gre...greek...en...en..enters...Gei...gei...geithner.

 

by Hephasteus
on Tue, 03/09/2010 - 15:40
#259492

Is that US treasury tim geithner or IMF chair tim geithner

by cougar_w
on Tue, 03/09/2010 - 16:03
#259538

Depends on which checkbook he brought with him.

by Haywood Yablomi
on Tue, 03/09/2010 - 16:05
#259543

Is there really a difference?

by Hansel
on Tue, 03/09/2010 - 16:15
#259571

+1, extra-constitutional second jobs FTW!

by Sancho Ponzi
on Tue, 03/09/2010 - 15:43
#259501

Timmy may soon be the proud owner of a Greek island. 

Can I put a bid in on Lesbos?

by hedgeless_horseman
on Tue, 03/09/2010 - 15:49
#259508

You can have it.  Terrible drivers, and at any given time 25% of the population is pissed off.

by Sancho Ponzi
on Tue, 03/09/2010 - 15:59
#259529

There goes another fantasy of mine. I suppose I'd be pissed off too, if I had to deal with German tourists all day.

by Anonymous
on Tue, 03/09/2010 - 16:13
#259566

WORD!! Because trust me, there isnt much worse, than having to deal with German tourists...yuck!

by Anonymous
on Wed, 03/10/2010 - 01:42
#260301

Halt die klappe du verdammter idiot.Bist du verruckt? Sag mal, hast du den arsch offen? Was mache ich hier mit diesem FIESEN FETTSACK und seinem hirnlosen freunden.

by Whizbang
on Wed, 03/10/2010 - 10:02
#260494

Shouldn't it be Haben Sie? Try to keep things civil.

by Fritz
on Tue, 03/09/2010 - 15:47
#259505

If Greece is looking for advice/help from timmay you know they are in a world of shit.

 

by bugs_
on Tue, 03/09/2010 - 16:12
#259559

+1 drachma! LOL

 

by Bear
on Tue, 03/09/2010 - 15:47
#259506

Just another USA bailout ... what's new? ... we knew this was going to happen all the time ... USA is bailer of last resort

by Internet Tough Guy
on Tue, 03/09/2010 - 15:50
#259513

Greco roman wrestling for the bailout? 2 out of 3 falls?

by Anonymous
on Tue, 03/09/2010 - 20:13
#259977

They're playing quarters with ouzo in a shot glass.

by hedgeless_horseman
on Tue, 03/09/2010 - 16:03
#259519

15:51 03/09 Transatlantic cable sent by GS to Berlin office.  "You bought bunds, right?"

15:58 03/09 GS office in Berlin replies, "Yes, all of them, just like agent "Turbo" told us to do."

 

by SDRII
on Tue, 03/09/2010 - 15:56
#259520

bond deals (lol)..Congress is in a giving mood.

March 9 (Bloomberg) -- A $138 billion plan to extend unemployment benefits through the rest of this year cleared a procedural hurdle in the U.S. Senate as lawmakers moved closer to putting the measure to a final vote. The vote today was 66-34, with 60 needed to advance the measure. It also would provide $25 billion to help states balance their budgets and continue more than 50 tax cuts for businesses and individuals. The bill would prevent a 21 percent cut in Medicare reimbursements to doctors and temporarily ease corporate pension-funding requirements. The measure, partly financed by offsetting savings, would add $97 billion to the deficit, according to the nonpartisan Congressional Budget Office. Senator Jim Webb, a Virginia Democrat who proposed an amendment to impose a 50 percent tax on bonuses awarded last year to Wall Street executives, said his plan is unlikely to receive a vote. “It’s looking a little grim,” Webb said, though “we’re still trying.” Today’s measure includes $36 billion in tax cuts and $102 billion in spending increases. The extension of unemployment benefits would continue a 65 percent subsidy under the Cobra program to help the jobless buy health insurance. The national unemployment rate held steady at 9.7 percent in February. Each percentage point rise in the unemployment rate increases the number of uninsured Americans by 1.1 million, according to the Congressional Research Service.

by Hansel
on Tue, 03/09/2010 - 16:19
#259590

How is one debt junkie (U.S.) in any position to give advice to another debt junkie (Greece)?

by hedgeless_horseman
on Tue, 03/09/2010 - 16:23
#259595

by Mr Lennon Hendrix
on Tue, 03/09/2010 - 15:57
#259522

oh, because i have been waiting all day to hear about greece, again.  this dog and pony show is ri dic u lous!

by GlassHammer
on Tue, 03/09/2010 - 16:04
#259539

Did it just get real?

 

:)

by Shameful
on Tue, 03/09/2010 - 16:04
#259540

And Greece is as good as bailed out. While the Germans will get pissed at a bailout I'm sure the US bailing out Greece would be met with hardly more then a whimper. Granted I still expect it to happen under the table, have it as a gift that can later be revealed to the American people. And we need the banks to be able to get their fees.

I'm having a flashback of Ghostbusters "No job to big! No fee to big!"

by hedgeless_horseman
on Tue, 03/09/2010 - 16:06
#259545

Pissed?  They'll be dancin' in the streets except for the exporters competing against the US.

by Shameful
on Tue, 03/09/2010 - 16:12
#259563

I was not explicit. I meant that the Germans might riot if they are forced to bailout Greece while Americans will just grimace and bear it if/when they are forced to bail Greece out. Naturally Germany would be happy with America waster it's money.

by Anonymous
on Tue, 03/09/2010 - 16:15
#259573

How is it that you Americans have taken these bailouts with pretty much NO protest? I dont get it.

You have been looted blind from within, and you just sit there and TAKE IT??!! What am I missing?

by faustian bargain
on Tue, 03/09/2010 - 17:49
#259764

A lot of good episodes of Lost and American Idol, apparently.

by Shameful
on Tue, 03/09/2010 - 18:07
#259790

Chemicals in the water, constant propaganda from the TV and other news/entertainment sources, schools that put prisons to shame, political correctness run wild. Basically your standard full spectrum attack on a group. That and simply people who are fat and happy usually are not aware of what is happening around them. Really most of us have it coming sadly.

by hedgeless_horseman
on Tue, 03/09/2010 - 16:20
#259591

Yes, of course.  Sorry, old man, for jumping on you like that.  It's just this whole TEOTWAWKI thing has got me a bit on edge.

by Shameful
on Tue, 03/09/2010 - 16:26
#259598

lol no worries. Like I said I reread what I wrote and I can totally see how it could be taken in the way you saw it. I blame the fact I hate proofreading :) We should be thankful that at least they are trying to kick the can, the black hole of debt is already infinity large so it's a complete game changer when it blows up anyway. Gives us a chance to get ready for the nightmare ride that we are going to be forced into.

by Cognitive Dissonance
on Tue, 03/09/2010 - 16:08
#259551

I wonder if the Greek bailout will comes as a sum of money loaded on a Citi debit card? I mean, if you're gonna do it, you might as well do it right and spread the wealth. 

by Anonymous
on Tue, 03/09/2010 - 16:07
#259549

Exiled headline:

Message To Greece: We’ll Crack Down On Our Wall Street Speculators As Soon As You Stop Fucking Our Vacationing Girlfriends

by Sancho Ponzi
on Tue, 03/09/2010 - 16:09
#259553

Maybe Timmy will tell Greece to stick it and set off a mild panic, just in time to sell some 10 and 30 year treasuries

by faustian bargain
on Tue, 03/09/2010 - 16:09
#259554

Greek PM walks into the room. TG is sitting on the divan in a white terrycloth robe, smoking a mint cigarette. He looks up, his smile giving way to disappointment.

"What...aw man, I thought you said you were bringing grease to the office!"

He pauses, thinks a moment, then shrugs. "Oh well. Bring him over."

by Anonymous
on Tue, 03/09/2010 - 16:11
#259557

Sending the PM to Geithner would be like sending your kid over to Jeffrey Dahmer's pad for a little babysitting....

YIKES!!! Run while you still can!!

by MsCreant
on Tue, 03/09/2010 - 16:12
#259558

 

Give Greece statehood. They can at least pay in taxes to the US Gov.

by Shameful
on Tue, 03/09/2010 - 16:14
#259567

Shit they wouldn't even be a bad state as far as budget crisis goes. IL, CA, NY, AZ all put Greece to shame!

by MsCreant
on Tue, 03/09/2010 - 17:44
#259761

We already have military there. But then again, we got military everywhere...

http://www.globemaster.de/regbases.html

by bugs_
on Tue, 03/09/2010 - 16:13
#259565

Are all my fates so small?

by Anonymous
on Tue, 03/09/2010 - 16:15
#259572

Yesterday: KC-767 or KC-30 ?
Today: F16 or Eurofighter ?

by faustian bargain
on Tue, 03/09/2010 - 16:16
#259577

All I want to know is, how much is this going to cost us. Because I know we're not going to be getting anything of value back.

by Anonymous
on Tue, 03/09/2010 - 16:19
#259588

Barry gets a bright idea and suggests to Gibbs to order in a few Gyros, instead of 5 Guys burgers, the usual. During lunch, he drips some gyro sauce on Timmy's bailout plan, pissing off Turbo tax Timmy. Come on Barry, get the fuck outta here, this is serious. Barry says sorry and goes back to his office to play solitaire with his gyro. Ok, I dont get none of this math shit anyhow!

by Anonymous
on Tue, 03/09/2010 - 16:25
#259599

Why anyone would touch any Greek bonds, when the government is saying they have issued fraudulent bonds, is beyond me.

by Missing_Link
on Tue, 03/09/2010 - 16:25
#259601

Prime minister?

Subprime minister is more like it.

by BlackBeard
on Tue, 03/09/2010 - 16:31
#259613

How about pimp monster?

 

by MsCreant
on Tue, 03/09/2010 - 16:37
#259624

by Missing_Link
on Tue, 03/09/2010 - 17:21
#259718

If Greece's finances continue to deteriorate, I'm sure there'll be pimpin' aplenty, and everyone will be able to get a little Greek at a deep discount.

by faustian bargain
on Tue, 03/09/2010 - 17:53
#259773

talk about sheepdip!

by Pound Of Flesh
on Tue, 03/09/2010 - 16:25
#259602

Geitner doesn't do his own taxes yet he's willing to help Greece figure out their tax problems? Going long on Turbo Tax.

Either the discussion is on how to hide your problems or how to save Goldman and either way Greece is fk'ed.

by SilverIsKing
on Tue, 03/09/2010 - 16:26
#259603

Make room on the American Flag for another star.

by MsCreant
on Tue, 03/09/2010 - 16:35
#259621

Lotsa PIIGSy stars, bro. Lottavum. Haiti too.

by Anonymous
on Tue, 03/09/2010 - 16:32
#259615

Geitner is going to bow to the Greeks so he can come home with a nice block of Feta Cheese and a Gyro.

by AnonymousMonetarist
on Tue, 03/09/2010 - 16:42
#259635

by Anonymous
on Tue, 03/09/2010 - 16:56
#259672

Those high speed Heidleberg presses are going to have to be modified to run at even a higher speed. Ooops, keep forgetting, no one can print the dollar amounts that are so easily wired around the world.

by Anonymous
on Tue, 03/09/2010 - 17:36
#259743

US got any missile bases in Greece? ... can bet they will in the near future.

by Anonymous
on Tue, 03/09/2010 - 19:03
#259865

Yes, and then we may not need to worry about Turkey's public opinion, not that it's mattered much so far.

by williambanzai7
on Tue, 03/09/2010 - 19:18
#259878

by virgilcaine
on Tue, 03/09/2010 - 19:19
#259879

The Grecians are going to pay 6-7-8% to borrow, Bailout or not.  The default is secure the date

hasnt been set yet.

 

 

by Anonymous
on Tue, 03/09/2010 - 19:31
#259900

A $138 billion plan to extend unemployment benefits through the rest of this year cleared a procedural hurdle in the U.S. Senate. How dare they says Dick cheney and jim bunning ????????? usa spends its money on no bid contracts in iraqnam , why waste money on americans ??????????? american taxpayer loves no bid contracts says john MCcain ????????

by virgilcaine
on Tue, 03/09/2010 - 19:38
#259909

An aging rising stock market has a way of hiding the blemishes.

by Psquared
on Tue, 03/09/2010 - 21:34
#260080

So I guess the Fed. Reserve will be buying Greek sovereign debt after all. Oh Mr. Bernanke, ... yoo hoo ... Mr. Paul is on the line.

Okay, so this is how it goes down. We overtly loan money to Greece from the TARP funds that have not been used, (how many times can you spend the same dollar?) while on the sneak BB buys up a bunch of Greek Bonds to ... gulp ... keep Greek rates down so they can float more debt.

Sound familiar? QE = GE. (Greco Easing)

So, then with more debt on the Fed/Tsy books the dollar will plunge vs. the Euro, we get another round of dollar carry trade and another leg up on the DOW. I'd say 12,000 by June.

by Anonymous
on Thu, 03/11/2010 - 22:58
#262812

Going to go eat a gyro to celebrate!

by mark456
on Thu, 04/15/2010 - 09:13
#301895

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