Monday, Bloody Monday... For European Bonds

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Mon, 07/18/2011 - 07:00 | 1465695 lolmao500
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Italy at 6%... This is it... game over for Italy.

Mon, 07/18/2011 - 07:07 | 1465708 chump666
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check charts for german french's spain on the default fear.  those idoits that ran the BS stress tests have caused the panic. 

this is bad.

Mon, 07/18/2011 - 07:39 | 1465753 i-dog
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"this is bad"

Herr Helmut agrees with you: "Helmut Kohl blames Merkel for ruining his Europe project" (The Independent, 18 Jul, 2011).

Personally, I think it is good for the free world. If the "European Experiment" self-implodes before TPTB can complete their controlled demolition of the US, then they have no home base! ... Go Angela!! Kick Jean-Claude in the nutz!

Pass the popcorn, bitchez ... this is getting exciting!

Mon, 07/18/2011 - 07:49 | 1465777 Zero Govt
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exciting indeed... popcorn good and if you're in Europe maybe a popgun wouldn't go amiss too

when Greece crashes with it goes the Romanian banking system as well.. we're not only going to see the gypsies of Europe kick-off onto their own streets but a flood of them penniless robbing their way across Europe

the parasites (monopolists) destroy whatever they seek to control ...the Banksters/EC/ECB's vandalism of society and the economy is just becoming very apparent to all

Burn Mutherfuking Brussels Burn  

Mon, 07/18/2011 - 09:30 | 1465879 HedgetBedgadget
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"the gypsies of Europe" you say.. really?

Do you even know the ethnic structure of the Romanian people?


Top 10 banks operating in the country are :

1) BCR (Austria)

2) BRD-SoC (France)

3)Volksbank (Austria)

4) Alpha Bank (Greece)

5) UniCredit (Italy)

6) Raiffeisen (Austria)

7) Banca Transilvania (Romania)

8) Bancpost (Greece)

9) CEC Bank (Romania)

10) ING (Netherlands)


So if Greece defaults, it wouldn't affect the country hard. Actually if Austria and France default, then the banking sector would be seriously affected.

A simple Google search could get you all this information. But like all the "bitchezz.." drones out here at Zero Hedge, you're just an uninformed fuck-up of a person.

Now all kids post at Zero Hedge. Lame.

Mon, 07/18/2011 - 12:15 | 1466678 Cpl Hicks
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Name one adult who posts at ZH, name one!

Mon, 07/18/2011 - 07:46 | 1465783 chump666
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yeah well...y'know what is else bad? EZ CDS's blow out  to ridicules levels you can bet that UST's will become officially toxic.   

no wonder gold is super bid

Mon, 07/18/2011 - 07:49 | 1465786 Charlie Bravo
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This is very bad news indeed...

Charlie Bravo

Mon, 07/18/2011 - 07:09 | 1465716 freethinker4now
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7% no?

Mon, 07/18/2011 - 07:10 | 1465718 Sudden Debt
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Mon, 07/18/2011 - 07:27 | 1465751 kaiten
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Next is eurobond. I give it 1-2 months.

Mon, 07/18/2011 - 07:55 | 1465801 oogs66
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Mon, 07/18/2011 - 08:11 | 1465833 johngaltfla
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Austria and Belgium.

Mon, 07/18/2011 - 08:11 | 1465830 johngaltfla
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If that's "game over" then 7% will bring out the cries for a new Il Duce....

Mon, 07/18/2011 - 08:22 | 1465853 BorisSDT
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How apropos - as the European slow motion train wreck continues I decided to write a sort of "investing for dumbies in the current environment" type article.  I would be interested in some feedback from you ZH guys...

Mon, 07/18/2011 - 13:35 | 1466997 Escapeclaws
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Mon, 07/18/2011 - 07:03 | 1465701 Mr.Kowalski
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"Good Evening Premier Hu. We have a problem..." .. Jeal Claude Trichet

Mon, 07/18/2011 - 08:22 | 1465793 Zero Govt
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"Houston, the ideological Euro Project-ile has just crash-landed into reality on Planet Uranus!"

Mon, 07/18/2011 - 08:24 | 1465794 Zero Govt
Zero Govt's picture

Socialism Strikes (Fails) Again!!!

Mon, 07/18/2011 - 07:04 | 1465702 Orémus
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they now talk about taxing the banks

wich means they're despeared

Mon, 07/18/2011 - 07:56 | 1465802 j0nx
j0nx's picture

They're what?

Mon, 07/18/2011 - 08:13 | 1465836 Bang Dae Ho
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despaered is a mixture of despaired and disappeared, not yet in dictionaries, but soon!

Mon, 07/18/2011 - 07:06 | 1465707 Mr.Kowalski
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CNBC's Squak Box is running with the NewsCorp scandal while Rome (literally) burns. The propoganda machine is finely tuned. 

Mon, 07/18/2011 - 07:57 | 1465804 j0nx
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Interesting that the Soros media empire has remained unscathed during all of this. No, not really interesting at all...

Mon, 07/18/2011 - 07:07 | 1465709 THE DORK OF CORK
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The only thing the eurosystem can do now is flood the system with raw currency.

Mon, 07/18/2011 - 09:21 | 1465967 Iam_Silverman
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"The only thing the eurosystem can do now is flood the system with raw currency."

I'm up for it!  Tell them to send me all they possibly can.  I promise to buy Eurocentric products, maybe some classic Italian wines and several finely crafted Philharmoncs.

Mon, 07/18/2011 - 09:50 | 1466036 THE DORK OF CORK
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All of our base belongs to you.

Italy vs US: playing a different game

Imperial tax is a bitch.

Mon, 07/18/2011 - 07:07 | 1465710 AUD
AUD's picture

10-yr Treasury futures due September hit new high of 125.01 to imply 3.07% vs 3.09% on Friday

Plenty of profit left there, the Fed could even 'slash' the Fed Funds rate to zero rather than 0-0.25%.

Mon, 07/18/2011 - 07:09 | 1465714 Freebird
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Gold, silver, Swiss Franc close out sale -hurry folks

Mon, 07/18/2011 - 07:09 | 1465717 lolmao500
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If Italians could go Mussollini on Berlusconi, that would make my day.

Mon, 07/18/2011 - 07:10 | 1465719 Josephine29
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I think that the change is Spain's situation is put well here.

With due respect to Greek readers the crisis is entering a new and more serious  phase as Spain and Italy get sucked into the problems and Spanish ten-year yields have touched 6 1/4%. When I started this blog back in November 2009 Spanish bond yields were around 0.2% above the UK’s now they are more than double them. Put another way it would be cheaper for Spain to call for rescue and take funds from Europe’s bail out vehicles than to issue a new ten-year bond.

Mon, 07/18/2011 - 07:41 | 1465774 i-dog
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"The change in Spain is leaving mainly on the 'plane" ... to Zurich, or Argentina. LOL.

Mon, 07/18/2011 - 08:20 | 1465850 swiss chick
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Love your sense of humor!

Mon, 07/18/2011 - 07:11 | 1465724 slaughterer
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Italian 10-year needs to break 7% before anybody gets worried.  This is just vigilantism. 

Mon, 07/18/2011 - 07:12 | 1465726 Sudden Debt
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I wonder at which level, they'll start to put a tax on gold sales in Europe.

It's still at 0% because it's a international TRADING CURRENCY for decades now, but if it's not money it means it's a commodity so... so... this must be confusing for Bernanke.

Silver goes with a 20% sales tax. If they would raise a 20% on gold, they would be able to plug some holes for a few more months.


Mon, 07/18/2011 - 07:15 | 1465730 unky
unky's picture

why u not come over and buy your silver in germany my friend? only 7% tax on coins

Mon, 07/18/2011 - 07:41 | 1465773 Sudden Debt
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I know :)

I've never bought anything in my own country. All in the US and indeed also in Germany, you also charge the lowest premiums.


Mon, 07/18/2011 - 08:06 | 1465817 Zero Govt
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SD - any experience buying in Czech Republic? i hear they're doing a splendid amount of trade, particularly with panciking Greeks, as there's no records required on PM sales there.. do you know if there's tax on PM's in Cz ??

Mon, 07/18/2011 - 08:33 | 1465865 xtrouba
xtrouba's picture

There is no tax for gold purchases, 20% for silver. And rumours about high amount of trade are surely mistaken. Everyone here is in happy deep slumber.

Mon, 07/18/2011 - 09:26 | 1465974 Iam_Silverman
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"particularly with panciking Greeks"

Pancaking Greeks?  Maple syrup and sausage too?

Sorry - it's breakfast time here in the U.S.

Mon, 07/18/2011 - 07:16 | 1465733 PY-129-20
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You are a very dangerous man.

Mon, 07/18/2011 - 07:19 | 1465740 bob_dabolina
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It's 28% but whatev.

Mon, 07/18/2011 - 07:14 | 1465728 slaughterer
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A raid is planned on gold/silver for today before noon.

Mon, 07/18/2011 - 07:40 | 1465772 ziggy59
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is this assumed or definite?

Mon, 07/18/2011 - 07:45 | 1465782 i-dog
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From his other comments, I'd say it is "hoped for".

Mon, 07/18/2011 - 08:24 | 1465857 slaughterer
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Here comes the first raid on the early part of the COMEX session.  Very volatile and messy. 

Mon, 07/18/2011 - 09:06 | 1465926 caerus
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I noticed this movement too...I know nothing about a raid, of course...just thought move was strange...stops are set

Mon, 07/18/2011 - 11:17 | 1466374 i-dog
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So far, the "raid" has driven the spot up by $6!

Mon, 07/18/2011 - 07:16 | 1465734 hungarianboy
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Silver is taxed because it is used in manufacturing things like TV and so on while Gold isn't as far as I believe. Gold is simply a currency. 

Mon, 07/18/2011 - 07:23 | 1465744 AUD
AUD's picture

Gold is used in high end electronics, like expensive amplifiers & so on.

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