• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

UniCredit Stock Halted After Plunge As Fresh Wave Of Italian Fears Emerges

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Fri, 07/08/2011 - 07:08 | 1435407 Ghordius
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Posturing. Pure posturing. If Berlusconi would really mean it he would resign immediately.

Fri, 07/08/2011 - 07:10 | 1435410 Ghordius
Ghordius's picture

Giulio Tremonti is getting a lot of flak for his austerity measures. A pity his power base is so divided on it.

Fri, 07/08/2011 - 07:14 | 1435414 hugovanderbubble
hugovanderbubble's picture

Italian banks has commited fraud and Frankfurt knows it.(Lies in National Accounts + Private Banking)


The same like Hungary,Portugal and Greece.


Sell Italy bonds

Long Belgian CDS

Long Spanish CDS

Fri, 07/08/2011 - 07:12 | 1435415 qussl3
qussl3's picture

Right on cue rumors on italian banks passing the stress "test"

What a farce.

Fri, 07/08/2011 - 07:15 | 1435419 hugovanderbubble
hugovanderbubble's picture


Just one week ago 4 could fail...today suddenly no one:)





Fri, 07/08/2011 - 07:37 | 1435453 doggings
doggings's picture

if Bancaja isnt insolvent yet they deserve to be. 

I just stood in a waiting area for 45 mins, and then left in disgust, with the same 6 people still in front of me as when i arrived (and another 4 come in behind me since)

one useless girl on the counter who managed to serve one woman in the whole time, and 3 guys sitting in their own cubicles behind her ignoring everybody

what a f'in joke, no wonder theyre all insolvencio.

Fri, 07/08/2011 - 07:57 | 1435499 Thomas
Thomas's picture


Fri, 07/08/2011 - 08:18 | 1435558 wandstrasse
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Fri, 07/08/2011 - 07:13 | 1435418 richard in norway
richard in norway's picture

the $ is on a tear, the jobs number must be good

Fri, 07/08/2011 - 07:17 | 1435421 qussl3
qussl3's picture

Remember today is reverse day, lol.

I dont know what to think anymore.

Just BTFD in gold, outside the US ofc.

Fri, 07/08/2011 - 08:28 | 1435583 Hephasteus
Hephasteus's picture

Dollar is looking like it's settling into an epilleptic sinusoidal pattern. I don't know how they keep pumping it back up.

Fri, 07/08/2011 - 07:16 | 1435420 malikai
malikai's picture

Tyler, do you ever sleep?

Fri, 07/08/2011 - 07:23 | 1435423 hugovanderbubble
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Tyler team and contributors are simple great.

God save Zh.

Fri, 07/08/2011 - 08:24 | 1435571 RealFinney
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I heard he sleeps only 1 hour a night...

Fri, 07/08/2011 - 22:30 | 1439006 smiler03
smiler03's picture

He surely sleeps with his eyes wide open

Fri, 07/08/2011 - 07:24 | 1435425 entendance
Fri, 07/08/2011 - 22:32 | 1439010 smiler03
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Great link, thanks for this

Fri, 07/08/2011 - 07:25 | 1435426 doomandbloom
doomandbloom's picture

i simply dont get this....why is there FEAR!!?

everyone will be bailed out...everyone...these guys need to relax..

Fri, 07/08/2011 - 07:25 | 1435429 Ivanof
Ivanof's picture

Quantitative Easing in USA is ending but in the same time yesterday Trichet just announced european QE... mybe today sell off in Banks is just a way to load european banks at better price...


Fri, 07/08/2011 - 07:26 | 1435430 ZeroPower
ZeroPower's picture

Totally scared off the EURUSD here this morning.

Fri, 07/08/2011 - 07:33 | 1435450 swissinv
swissinv's picture

sure he's going to volontary resign for prison...

Fri, 07/08/2011 - 07:43 | 1435467 freethinker4now
freethinker4now's picture

Just another day for the Bunga Bunga boys

Fri, 07/08/2011 - 07:56 | 1435497 Peter K
Peter K's picture

It's just sex. Everybody lies about it ;)

Fri, 07/08/2011 - 07:54 | 1435490 White.Star.Line
White.Star.Line's picture

One day Greece, next day Portugal, now Italy. Nothing like a European debt-vacation!

Fri, 07/08/2011 - 07:55 | 1435494 overmedicatedun...
overmedicatedundersexed's picture

relax and take a long lunch ( in Italy a long lunch usually last days)..la dolce vita..

one can only laugh at the end of the west.

Fri, 07/08/2011 - 08:00 | 1435507 A Man without Q...
A Man without Qualities's picture

Nothing scares credit traders more than Italy.  Most of them expect at any moment some bombshell to drop about the sovereign or a key bank or region.  Republic of Italy is the open interest CDS position for a reason, trouble is, I wonder who is the ultimate seller of protection?


Fri, 07/08/2011 - 08:13 | 1435540 wandstrasse
wandstrasse's picture

UniCredit is mentioned? Sb said they are too big to mention.

Fri, 07/08/2011 - 08:30 | 1435588 mayhem_korner
mayhem_korner's picture

Three little PIIGS in a boiling cauldron, QE on "pause", the curtain being pulled back on China's bubbles, and yet the DXY struggles to press 76.  All the while gold holds its own...

What's safe money?

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