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Remember "That" Crisis? Dubai CDS Rises Above 600 bps For First Time Since November 2009, Up 40 bps On The Day

Tyler Durden's picture




 

Rumor: Nakheel may be going into administration. And an even ghastlier rumor: we are about to see an announcement restrictring all sovereign CDS trading. Time to reevaluate that "Dubai is contained" thesis. Just sayin'... Got Dubai CDS, bitches? Keep them while the government tells you to sell.

 

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Fri, 02/12/2010 - 10:28 | 228324 Jean Valjean
Jean Valjean's picture

When can we start reporting CDS rates in whole percentages and tenths?  This "basis point" thing is so "financial".

Fri, 02/12/2010 - 14:49 | 228814 Robb
Robb's picture

Agree

Fri, 02/12/2010 - 10:39 | 228336 godfader
godfader's picture

Dubai is toast. History.

Fri, 02/12/2010 - 10:39 | 228338 bobby02
bobby02's picture

Curious that DW bonds are quoted pretty much the same as they have been since the crisis was "resolved."

Fri, 02/12/2010 - 10:40 | 228341 IE
IE's picture

What happened to that recurring CDS heatmap that you were sharing? 

Fri, 02/12/2010 - 10:43 | 228350 Anonymous
Anonymous's picture

Want to stop this Idiot, give him a call.

Iamned.com

Hey fellow ZH'rs here is information on the most annoying SPAMMER there ever was, tired of him SPAMMING us on ZH?
Let's all return the favor.

http://www.youtube.com/watch?v=thJr-jDPwNE

Cetin Hakimoglu
2930 garber street
Berkeley, CA. 94705

Phone: 510-843-1013

Facebook http://www.facebook.com/profile.php?id=1177779152&ref=fs#!/profile.php?v=wall&ref=fs&id=1177779152

Fri, 02/12/2010 - 11:59 | 228441 Anonymous
Anonymous's picture

So you want to stop spamming by spamming?

Fri, 02/12/2010 - 14:21 | 228757 i.knoknot
i.knoknot's picture

if you don't see the difference between the disease and the cure...

sigh

Fri, 02/12/2010 - 14:46 | 228806 BlackBeard
BlackBeard's picture

If you really want to stop him, pretend he's not there.  The only thing that feeds spammers are gullible people that click on their links.

Fri, 02/12/2010 - 15:19 | 228875 faustian bargain
faustian bargain's picture

I think it's a fun experiment to find out if the spammer actually has any fear whatsoever. Because who knows what some unstable person could do with that contact information.

Fri, 02/12/2010 - 10:45 | 228351 carbon_del_boy
carbon_del_boy's picture

I am not sure sovereign CDS can be restricted. Its not equity, its OTC bilaterals that cannot be monitored. Who is going to restrict?

 

 

Fri, 02/12/2010 - 10:46 | 228352 Eally Ucked
Eally Ucked's picture

The GAMES is on!!!! Greece round is not finished yet but we have 2 candidates for the next one Dubai and California, who will be next? Maybe you see some other candidates for next stage, let us know!

Fri, 02/12/2010 - 11:03 | 228371 bugs_
bugs_'s picture

Love nic and pic! LOL

Fri, 02/12/2010 - 11:46 | 228425 ptoemmes
ptoemmes's picture

New Jersey driving hard down the back stretch

 

http://globaleconomicanalysis.blogspot.com/2010/02/governor-christie-dec...

Fri, 02/12/2010 - 10:55 | 228362 Anonymous
Anonymous's picture

Good morning, you stupid bulls! How does it feel, having the Dow down 150 points? It feels good to me. I've got news for you. The reflation trade is dead. The government's lying to you. We're in a depression. You stupid fuckers shouldn't have drank the kool-aid.

Fri, 02/12/2010 - 11:24 | 228380 Anonymous
Anonymous's picture

Are you Denninger? You sound like him. In any event, you're on the wrong board. You're looking for http://finance.yahoo.com. Happy Trails.

Fri, 02/12/2010 - 13:05 | 228594 Anonymous
Anonymous's picture

No. I'm not Denninger. You are on the wrong board. As this is a bear's board. My comments are directed to the bulls on this board. I'll direct you to a CNBS board. That would be more style. We're in a depression. Video game sales down 13% year over year in January. Diesel fuel used by trucks down double digits year over year. Good luck with your long positions.Not.

Fri, 02/12/2010 - 10:57 | 228363 Anonymous
Anonymous's picture

Breaking financial news containing "Bitches" is just another reason to keep coming back.

Fri, 02/12/2010 - 10:57 | 228364 Anonymous
Anonymous's picture

Personally, my take is that certain firms are moving the CDS market so that they can profit from their Forex positions. Currently, folks are long the US dollar and short the Euro and gold. Soon, they will flip their currency positions and then have CDS focus on California, Illinois, etc... and cause the US dollar to fall off a cliff. Then, flip the trade again, rinse and repeat.

We all know that this entire game is going to implode on itself. But, before it does, some people are going to make a fortune.

Fri, 02/12/2010 - 11:29 | 228389 Miles Kendig
Miles Kendig's picture

The Omura call & put springs forth once more.  I am reasonably sure that this round will end like the last.

Fri, 02/12/2010 - 12:33 | 228493 bankofamerika (not verified)
bankofamerika's picture

hmm prop trading & quants is to blame for crisis: ....

http://finance.yahoo.com/tech-ticker/talk-is-cheap-bernanke.com

Fri, 02/12/2010 - 11:02 | 228367 Racer
Racer's picture

Looks to me like they are trying to prop the market up!

Will they bring out a ban on selling shares or shorting of any sort?

 

Fri, 02/12/2010 - 12:37 | 228514 Anonymous
Anonymous's picture

They've been chomping at the bit to ban short sales. I don't think this will happen. After the crash, they will ban all sales, as in market holiday. This is more likely in my opinion. But when this happens, your biggest concern is going to be where your going to get your next meal and on personal safety and not on closing some trade. Besides, if you were long going into the holiday, your long would be worth near zero after the crash, so what's the use in selling. If you were short, they will probably confiscate your account, so what's the use in being short.

Fri, 02/12/2010 - 11:02 | 228369 mberry8870
mberry8870's picture

Now that is funny. Must have picked this trick up from Iran. The logic must go that if you stop the flow of information, the implications of that information won't happen. WTF!!!!! We are now entering into the world of Alice in Wonderland!

Fri, 02/12/2010 - 11:17 | 228374 Anonymous
Anonymous's picture

"Pick a country that has seen growth in the last 20 years and I'll make it disappear."

That is the shell game on Fraud Street.

Meanwhile, crooks still walk freely among us.

Fri, 02/12/2010 - 11:21 | 228375 Anonymous
Anonymous's picture

World financial types are busy playing hide the sausage. (Sausage = debt bomb). They should be able to contain/hide the mess until Iceland votes. By that time the entire sausage will be well hidden within the American people.

Fri, 02/12/2010 - 11:34 | 228400 Anonymous
Anonymous's picture

its a party in the U. S. A.!

Fri, 02/12/2010 - 11:36 | 228403 TraderMark
TraderMark's picture

Spanish unions try to push the country into the "Greece" lane - after all sugar daddies in France and Germany will pick up the tab.

 

Austerity measures already facing strikes.

http://finance.yahoo.com/news/Spanish-unions-protest-apf-1015979859.html?x=0&.v=2

Fri, 02/12/2010 - 11:44 | 228418 Anonymous
Anonymous's picture

Thomas Friedman was right--the world is flat--broke.

Fri, 02/12/2010 - 12:51 | 228551 Anonymous
Anonymous's picture

The world is broke? I don't think so. The world is carrying a debt load that can't be serviced or, at the least, is becoming increasingly difficult to service. As asset prices continue to decline, the situation worsens. When people finally understand that the "money" they think they have in the bank and at their stock broker ain't there, there will be a run on financial institutions and a dash for cash (asset liquidation). The money market run in 2007? was a warm up.

Fri, 02/12/2010 - 12:06 | 228455 Racer
Racer's picture

Strange that the Dax and FTSE are only down 0.5% each??

Fri, 02/12/2010 - 12:22 | 228492 Anonymous
Anonymous's picture

Gilts are widening out significantly the past 3 days.

Fri, 02/12/2010 - 13:20 | 228631 mberry8870
mberry8870's picture

PPT is in.

Fri, 02/12/2010 - 14:47 | 228810 BlackBeard
BlackBeard's picture

The Dubai Dum Dums are still building.  Unbelievable.

Mon, 04/19/2010 - 09:59 | 307777 Tom123456
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