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Portugal "Insolvency Sweeping Under The Rug" - Friday Edition
It's a day ending in Y. Meaning it is time for the ECB to go ahead and sweep another billion or so Portuguese bonds under the rug. Because you can't have the 10 Year yield at all time highs (as in yesterday) and for that relentless stream of lies emanating from every ECB bureaucrat's orifice to be taken seriously, can you. We give the ECB another month before they realize what the SNB figured out long ago: it's best to give up when it comes to direct market manipulation. We are confident Portuguese bonds will hit another all time high yield by the middle of next week. And at some point European taxpayers may just ask what all their money is being spent on.
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If it's anything like them Persian rugs, there will be people in the street soon demanding that the banksters stop messing with their monie.
NOP, WE'RE JUST GLAD WE ARE ALLOWED TO PAY TAXES!!
It' for a good cause, like Attack submarines for Israel
"Unglaublich: Der deutsche Steuerzahler zahlt U-Boote für Israel!" http://info.kopp-verlag.de/hintergruende/deutschland/unglaublich-der-deu...
Apparently European countries can afford higher interest rates... get this farse over with already
It's nice to know other taxpayers around the world also have soar bums, misery likes company.
Side note: When the waitress says "Would you like it Thai Hot?" just say no, you'll thank me in the morning.
when the see the $ falling too low...they bring out bad news about Europe...and vice versa...
the great balancing act...
DoomDoom you absolutley right
Mr. Hildebrand (Mr. Ben Shalom B. of Switzerland) incurred currency losses of CHF 31bn (roughly USD 32bn) in 2010. With the help of gold the final loss for the SNB was CHF 21 bn.
Great fucking government banking wankers. Any private company would have fired any of their sorry asses.
Now, I don't claim to be the brightest individual on the face of this earth but shouldn't the "markets" be even a little down on-
China curbing lending
EU debt crisis exploding
The Middle East going to hell in a hand basket
etc
etc
etc...
And YET-- US Treasury's Geithner says the global economy is in better shape than its been in last 2 to 3 years --AND-- the so called "markets" are GREEN!
GOODNESS GRACIOUS!
BUY MORE SILVER!
US equities have a free line of credit, why on earth would they go down?
I know, that's why I find it more than ironic, they are worried about "global imbalances" when the so called "FREE markets" are the most imbalanced markets around.
It is OpEx day. The market will NOT go down at any cost. Monday may be different though.
That's one hell of a rug. Still, that's gotta leave a bump...
Who cares about insolvent countries. Today is all about the NASDAQ breaking its all time high since the tech bubble burst.
Europe was sequentially rolling out the sovereign crises as long as the ECB was having it's way rolling up the taxpayers.
Now, not so much. They smell revolutions and trying to keep things quiet so they don't get Mubaracked.
The European Central Bank seems to be intervening at the end of the week these days. But as was pointed out in an analysis of the ECB's strategy to help Portugal it is doing this for a reason.
Good point those central bankers are being sneaky again.
Meanwhile over at the 2YR...
talking about rugs, try Arraiolos, the best in the world.
http://www.google.pt/images?q=tapetes+arraiolos&oe=utf-8&rls=org.mozilla...
Portugal is being resilient, isn't it!
Where are all the euro snob posters now? I miss their tut tutting about how their system is so much better than ours.
If the Irish say FU to the IMF/ECB, then it's game over.
they should. Go Irish!
Mark to Unicorn, extend and pretend whatever, the western banking system is bust and they are doing everything they can to keep it from imploding.
This post says it all!
http://lusitanaehabilitas.blogspot.com/2011/02/are-markets-really-readin...