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So Much For That "Market Calming" Portugal Bailout
Following yesterday's bailout request by Portugal one would have expected that the Portuguese bond curve would tighten at least a little on some short covering in rates. One would be wrong. Except for a tiny tightening in the short-end (sub 1 Year), Portuguese rates have actually deteriorated across the curve with roughly a 0.075 widening in all points east of the 2Y. Is it time to pull an Ireland and start pricing in Portugal bailout #5?
And broader PIG rates:
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Spread your legs bitchez!
Bullish!!
take it easy, it's not going to happen overnight. it will calm down soon, but it's a given that some more European nations are going to be joining Portugal in the sketchy zone here.
www.forecastfortomorrow.com
Simmer down now! Yes, while it may be true the world is bankrupt and only running by printing massive mountains of new worthless money daily to paper over the underlying devastation, Im sure the PHD satans got it all under control. Bullish!
Be patient! Their endgame is on a timetable to the end of next year. They don't want it all to crash too soon! -- they still have to get all the plantation, errrr ... border, gates ready for closure. And there are still plenty more to get onto food stamps so that they can control who gets to eat after that.
Of course, unintended consequences (ie. us doing something about it) could still upset their timetable to either side of their hoped-for "auspicious" timing.
Aw thats a shame.
The biggest headfake of the year is the declining yen. If the yen is chronically ill, the Euro has late-stage leprosy and needs necrotic body-parts removed.
The whole world is one big headfake. Reshuffle the data daily to slightly better than someone expected, repeat. Nevermind Japan is destroyed, wars and uprisings sweep the mid east and everyone knows we aint seen nothin compared to whats next, but for today, bubble stocks are AOK.
With the lack of protests lately in Greece, me thinks rates will fall as complacency takes root.
Probly rates will fall to -0-, like economic recovery shining gem USA. Living out on the streets and having no money or food does lend to strong complacency. All that matters is green coloration of futures, party on bankrupt insane world.
Germany and China are paying for it, so why not order the surf and turf as many times as you like ?
Only if the surf was sealed in can over a month ago.
Now that this is over,
we need another natural disaster to take away the attention.
Rumor: NDM-1 super bug found in 70 cases in England after showing up in 51 water-wells in India.
In short: A super bug kills ya. No threatment whatsoever.
No threatment, is that a Freudian slip?
its like belgian fries...it gets grilled in oil twice...but it isn't used for friendly love baiting...unless the lady needs oiling badly. Then you have to go w-hole hogging. Now that is... a putt to close the call...down a water fall...AM I Freudian enuff in my drool, coming fast off the spool...? It is Augusta time!
Got silver, make colloidal silver. Works for me.
contagion me bitchez..
Could the end of the 30 yr Bull Mkt in Bonds be near ? Think of all the lil Black cygnets that are hatching. I speak of the Long Govt Bond and my main thesis for Dow 8k in 2011.
Anyone know who bought Spain's bonds this AM? Rumors are rampant that it was Spanish banks, pension funds and their Social Security Fund which has increased its Spanish "assets" (bonds) from 50% to 90% in the past 18 months.
The thoughts are that Spain's government twisted the arms of overwhelmingly Spanish investors to buy up the bonds.
Any info would be much appreciated, and let's face it, no one can believe press releases from the Brussels Politburo or euro governments when it comes to the euro anymore.
Cheers
Unless the people of Portugal are looking forward to becoming debt slaves to the banks for many decades to come, as has happened to the people of Ireland, it would be wise of them to do what the people of Iceland did, which is to tell the banks to get themselves out of debt without any help from the Portuguese government and the Portuguese taxpayers. If the people of Portugal want to maintain a decent standard of living for themselves by continuing to have decent schools and hospitals and other such things that are too priceless to put a price tag on, they'll choose to save their public assets over saving the zombie banks.