- advertisements -
Tyler did you see this?
German rating agency Feri downgrades US debt to AA. First western downgrade of US debt now a fact (!)
Damn Germans. First they bomb Pearl Harbor and now this shit.
In their comments:
“Our rating system shows a deterioration in economic health, so the downgrading of the credit ratings of U.S. is warranted.”
yeah. i'm responding by first boycotting all their comedians.
German comedians, OY VEY dont get me started!
Feri was apparently not high enough on the pay off list
Damn Germans. First they bomb Pearl Harbor
Damn Germans. First they bomb Pearl Harbor
Proxy war bitchez!
best comment i read today. LOL from Germany.
ps. but the Japanese did bomb Pearl Harbor :)
that's a bad cucumber company rating...they are not happy about cucumbers in Hamburg...They suspect now those cucumbers were imported from the US!
They are as clueless as Trichet today!
Those cucumbers weren't intended for human consumption. They were sold "for entertainment purposes only."
So they've been lying all this time? It's not E. coli but a super Chlamydia strain?
All ZH members should now prepare for the totally depraved, foaming at the mouth, lubed up, father raping USD studman to enter the scene and have his way with every living thing, especially every living fund manager that did not sell down his equity portfolio because he thought everything good was pixie dust powered, and everything bad was just "transitory."
Welcome to the US summer of recovery and discontent. Fasten your seatbelts and put your helmets on.
Well you can't blame Bilderberg. They were all in a meeting when this happened.
Of course they were. Didn't you see that earpiece Trichet had on (and the less obvious electrodes on his balls.)
Exactly, what else can you really do except buckle up and watch the show?
What else? You can sell those stocks that have ignored every last flashing warning sign and are sitting a ferry wing's length from all time highs because the last algo bidding them up is wearing a hockey helmet and standing in the center of the room clapping for himself.
Only problem I see with being in there shorting pigmen stocks is one of these mornings theyll likely just turn out the lights in the casino, throw covers over the tables while firing machine guns over everyones heads yelling 'GAME OVER! GET OUT'!
Barring any machine gun toting Federal Reserve Bankers bursting onto the scene [curbs in] and blazing away, I rather think we are removed by some measure of time from that eventuality, notwithstanding the potential for your scenario to play out.
I rather think, brother Dog, that you should be much more concerned about the totally pissed off, lubed up, frothing at the mouth, father raping USD studman who has just entered the room. He seems imminently more threatening. I hope no ZH brothers are currently wearing assless jeans.
FUBAR baby! The US economy cannot live on algos alone, Bernanke's "wealth effect" aside. And this point is lost on who again? Oh yeah, criminal syndicate Wall Street bankers.
Damn straight, US cannot live on liquidity pumping algo robots alone.
The US economy cannot live on algos alone,
The day after the human race has ben wiped out by biological weapons, the algos will open Wall Street higher. And tick on care free through the days until the last of the residual power in the grid is finally expended.
Soon the algos are going to start building T-1 terminators on evenings and weekends.
It maybe that range for him, but certainly not for me! I wish it was as low as that!!!
Race to the bottom, folks. Hope everybody has their alternative currencies firmly in hand.
Already thought of. I get paid in redbacks. Chairman Mao almost managing a smile on each and every note--better than gold!
My guess is it's a head fake. The Euro area is more at risk from deflation than inflation, or rather deflation in the asset prices the banks are most exposed to.
As for oil prices, how is raising rates going to defeat Gaddafi?
The quickening collapse of western civilization is very bullish for equities, I hear.
EUO (2x euro short) volume is surging pre-market. It has traded 14% of normal 10-day volume by 0900ET/1500CET. Big blocks. The big players don't seem to be buying the ECB's 'tough guy' pre-conference hype.
Wow, the EUR/USD just got very twitchy!
My own volume analysis gave a clear sell signal on EUR/USD a full two hours ahead of the Trichet speech--or whatever that silly news blip was.
Not so "twitchy" at all when you've got a leading indicator.
Oh well...at least none of us can gripe we lived in boring world times!
Flash back to musical lyrics that were hip in America in the days of the Depression (and fast becoming relevant today):
Got no diamond, got no pearl,Still I think I'm a lucky girl.I've got the sun in the morningAnd the moon at night.Got no mansion, got no yacht,Still I'm happy with what I got.I've got the sun in the morningAnd the moon at night
Sunshine gives me a lovely day,Moonlight gives me the Milky Way.
Got no checkbooks, got no banks,Still, I'd like to express my thanks.I've got the sun in the morningAnd the moon at night.
Got no silver, got no gold,What I've got can't be bought or sold.I've got the sun in the morningAnd the moon at night.
I like this depression era song better
YES we have no bananas, we have no bananas todayyyyaaaayyyaaaay!!
And I was thinking I couldn't laugh this early in the morning.
Also "Life is Just a Bowl of Cherries" and "We're in the Money!"
The EUR/USD action right now smacks of coordinated takedown. Possibly to spur equity sell-off possibly to usher in QE Next. I've expected a EUR selloff, but the metals don't seem to be buying that this means USD strength.
If EUR remains weakens from here, could mean expect stronger dollar longer. But remember that all paper currencies are relative so if you want to play USD strength, it may be 're-arranging deck chairs' strategy.
The left hand giveth (Euro takedown) as the right hand taketh away (German rating agency downgrades US government bonds)
Closely monitor the situation... =
rabbit in headlights
watch the building burn
And Trichet says all we need to know about Greece:
"We do not support voluntary roll over" due to (my edit) "ECB does not intend to role over their debt".
In others words, one can come up with all the euphemisms one want, reprofile, restructure......but Greece is going to default, and the ECB is NOT going to incur haircuts/losses. So extend and pretend until the ECB can get off (until it rolls off) their Greek debt.
ECB's Trichet says very important that US supports strong USD policy
Not a hope in hell with the ChairSatan in charge
Only course of action Benny and the InkJets have is to print the dollar to oblivion!
When I hear 'supports strong USD policy' I understand that to mean supports strong precious metal price suppression.
aka the Bob Rubin Syndrome
I find it funny that on the one hand they constantly emphasize how interested Ben Bernanke is in a strong dollar,
but how he never takes any steps to support that claim with tangible actions, but instead does just the opposite: ZIRP + QE.
On the other hand rarely do they mention that Trichet is interested in a strong Euro,
Juncker even muttered the Euro is too strong,
but they pull one ECB interest rate hike after the other,
leading exactly to a stronger Euro.
s if they didn't know.
Why that is?
Because in Europe they already have a single currency.
Mission accomplished for the globalists there.
The dollar on the other hand is in the way of the North-American globalists on their way towards the Amero.
It's therefore their intention and part of their agenda to destroy the dollar.
You have to understand: This is not by accident. It's their plan.
To concentrate all wealth in the hands of a few and to destroy national currencies,
and they can achieve both goals at the same time by intentionally creating hyper-inflation in the U.S. .
Right the plan is controlled demolition, not strengthening and repairing of the structure.
A lot of people have been fooled by this, like about 98% of americans.
What was Trichet's response to whether or not he thinks the US will 'mini default?' Something like 'certinally not'? I'm sure he is clinging to that belief like it's the cure.
10%+ unemployment is one way to curb inflation...
How can you tell if a Central Banker is lying?
His lips are moving and/or an official statement has been issued.
If Trichet was vigilant he wouldn't waste time with these worthless 0.25 hikes. These do nothing.
When does that Italian guy take over at the ECB? We need some Italian monetary policy theory in action over there in the Euro zone. That will fix things!
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.