There's A Very Nasty Storm Brewing in Euroland and Umbrellas Are Selling At Premiums With Insolvent Counterparties Attached - Prepare For It to Get Ugly!

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Tue, 06/08/2010 - 17:52 | 402499 naiverealist
naiverealist's picture

What's the skinny on Iceland?  Have they been nuked out of existence because they told the bankers "NO, F********* WAY).  Or have they just dropped off the radar because the world didn't collapse when they went down.


Any insights

Tue, 06/08/2010 - 18:24 | 402554 Hephasteus
Hephasteus's picture

They are just chilling. We're all going to default together.

Tue, 06/08/2010 - 18:42 | 402574 Cognitive Dissonance
Cognitive Dissonance's picture


So the smart kids are finally waiting for us dummies to catch up. It's about time.

Tue, 06/08/2010 - 18:07 | 402526 akak
akak's picture

Excellent question!

But far from the first time, I note once again that our terminally ADD-afflicted corporate media is chronically unable to engage in any follow-up to the major stories of just the prior few months.

Tue, 06/08/2010 - 16:46 | 402375 I need more asshats
I need more asshats's picture

"I have been bearish on European banks since the UK mortgage banks collapsed several years ago."

Oh of course you have reggie. You are the most accurate financial clairvoyant in this world. Why you have to peddle subscriptions to a web site is beyond me. You should be making trillions with your spot on predictions.

Tue, 06/08/2010 - 20:18 | 402715 jbc77
jbc77's picture

The guys research is beyond good. I'm not sure where you can get a product more polished and refined than Reggie's. Have you ever considered that he's parlayed the blog into a viable business? What have you got against promting a business, making money? Something against capitalism or what.....................?

Tue, 06/08/2010 - 18:08 | 402528 ZerOhead
ZerOhead's picture

Slightly OT but have you ever posted anything even remotely intelligent?

Tue, 06/08/2010 - 19:42 | 402649 I need more asshats
I need more asshats's picture

I'm rubber and you are glue. Crazy kitty. Nice little pussy.

Tue, 06/08/2010 - 20:33 | 402745 akak
akak's picture

You mean you haven't sufficiently embarrassed yourself YET?

Tue, 06/08/2010 - 22:01 | 402872 ZerOhead
ZerOhead's picture

Speak for yourself... I'll take the compliment!

Tue, 06/08/2010 - 18:40 | 402572 Cognitive Dissonance
Cognitive Dissonance's picture



Tue, 06/08/2010 - 15:42 | 402202 Hephasteus
Hephasteus's picture

Ugly. What's the expression when a guy is beyond ugly. He's a "Monster"!!!

Tue, 06/08/2010 - 15:50 | 402224 breezer1
breezer1's picture

when should i start looking at olive groves reggie?

Tue, 06/08/2010 - 14:57 | 402111 Whats that smell
Whats that smell's picture

I miss Al Greenspan's jibberish.. A true master!

Tue, 06/08/2010 - 13:11 | 401869 Rusty Shorts
Rusty Shorts's picture


Portugal Ireland Greece Spain Hungary ITaly


 - comment on EC.

Tue, 06/08/2010 - 17:11 | 402429 akak
akak's picture


Portugal Ireland Greece Spain Hungary ITaly



Hungary, Estonia, Latvia, Poland

Tue, 06/08/2010 - 17:27 | 402459 ZerOhead
ZerOhead's picture

France Ukraine China Korea Malaysia Ethiopia!... someone is getting funny here!

Tue, 06/08/2010 - 17:42 | 402468 akak
akak's picture

Yemen Oman Uruguay Andorra Namibia Djibouti Israel Algeria Rwanda Egypt Bulgaria Ukraine Turkey Tunisia France Uzbehkistan Croatia Kyrghizstan Eritrea Denmark

Tue, 06/08/2010 - 18:54 | 402594 John McCloy
John McCloy's picture

You got that right.

Best laugh of the day 

Tue, 06/08/2010 - 17:50 | 402491 ZerOhead
ZerOhead's picture

India Namibia Denmark Equador England Djibouti!

(Nice work by the way!)

Tue, 06/08/2010 - 16:57 | 402406 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

This acronym was predicted by the prophets.  It has been unspeakable until now. 

We have been anticipating its arrival for sometime now.

Thank you, Rusty.  Your role in this matter is unspeakably huge.

Tue, 06/08/2010 - 14:34 | 402048 ZerOhead
ZerOhead's picture

+1000... Niiice!

(Note to self... must visit PIGSHItaly some day!)

Tue, 06/08/2010 - 14:48 | 402092 Cognitive Dissonance
Cognitive Dissonance's picture

(Note to self... must visit PIGSHItaly some day!)

Double NICE.

Kudos to both of you for your very active imaginations. Your sex lives must be very healthy.

Tue, 06/08/2010 - 15:09 | 402133 ZerOhead
ZerOhead's picture

The Palm sisters are not complaining!

Tue, 06/08/2010 - 17:54 | 402507 DoChenRollingBearing
DoChenRollingBearing's picture

Oh!  I always thought it was Rosie Palm and her 5 little daughters...

Tue, 06/08/2010 - 15:18 | 402156 Cognitive Dissonance
Cognitive Dissonance's picture

Wow, I just had a thought. Yes, I know, that's always dangerous. But here goes.

Is there such a thing as a left handed or right handed cat, present company excluded?

Tue, 06/08/2010 - 17:01 | 402412 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Oh the tangled threads we weave.

Both of the felines that dominate my world are of the right-handed variety.  How do I know this?

Simple.  Just ask them.

Tue, 06/08/2010 - 16:55 | 402392 Kitler
Kitler's picture

Ja! Ich bin rechts!

Wed, 06/09/2010 - 05:28 | 403347 i.knoknot
i.knoknot's picture

kitler... i just should NOT be laughing this hard...


Tue, 06/08/2010 - 18:37 | 402567 Cognitive Dissonance
Cognitive Dissonance's picture

God, you ask a simple question and all the maniac cats come out of their various (mouse) holes with paws raised. :>)

Tue, 06/08/2010 - 15:54 | 402231 epobirs
epobirs's picture

No, because cats don't have hands. Imagine the trouble if they did. Oh, it might start off innocently enough, with them learning to operate the can opener and overindulging. But who knows what terrible feline ambitions would ensue next?

Tue, 06/08/2010 - 15:41 | 402197 Hephasteus
Hephasteus's picture

Wow I never throught of that. Humans spend more time learning how to control our hands than we spend learning to walk and talk. I guess if a cat spends alot of time playing they could end up favoring one hand over the other for jabbing and taunting moves.

Tue, 06/08/2010 - 12:54 | 401842 Robslob
Robslob's picture

Unfortunately the U.S. already played those cards and the stink is here...


Doubt Britain or the E.U. is going to get away with any "stress test" BS primarily due to the fact almost EVERYBODY already knows they have lied about their balance sheets in the first place...

Tue, 06/08/2010 - 12:47 | 401834 Rogerwilco
Rogerwilco's picture

Gotta love the central bankers and their sycophants in government and the Press. We're told today that Bernanke "calmed" the markets with "reassurances" that nothing bad is coming to the good ol' USA. Just like the numerous reassurances he offered in 2007 and 2008? I suppose if you are the CEO of BAC or WFC, those pats on the head mean something, for everyone else, not so much.

Tue, 06/08/2010 - 12:43 | 401826 Amsterdammer
Amsterdammer's picture

Stress tests for the European banks are in the making

and are almost completed, announced Trichet last

Saturday ( see Reuters ) and will be made public,

and made not by Timay's team but by the

Committee regrouping the 27 national regulators.

Obviously 'haircuts' are under way, look out for

the German and French banks to take the biggest

blows imho







Tue, 06/08/2010 - 14:22 | 402024 ToNYC
ToNYC's picture

"Stress Test" is a semiotic, cognitive dissonance moniker: full of sound and fury, signifying nothing; a tale told by an idiot. The assumptions involved in such  "stress tests" define out all the real problems and count pure trash as solid gold.

What a fool wants to see, a fool believes.

Tue, 06/08/2010 - 14:45 | 402084 Cognitive Dissonance
Cognitive Dissonance's picture

"....a semiotic, cognitive dissonance moniker: full of sound and fury, signifying nothing; a tale told by an idiot."

You rang?

BTW, only my wife can call me an idiot. :>)

Tue, 06/08/2010 - 16:51 | 402395 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

You rang?


Even funnier if somehow you could have conveyed (projected) the unison voices of Lenny and Squiggy saying "Heellloooo."  Kind of tricky though...

Still -- a 95th percentile joke IMHO.

Tue, 06/08/2010 - 12:48 | 401837 Ripped Chunk
Ripped Chunk's picture

I bet the test results are similar to the ones we saw for the US banks.

What the hell is that smell??????

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