• 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.”

"We Don't Need A Bailout... We Don't Need A Bailout...Uh, We Need A Bailout": Portugal Admits To Needing EU Rescue

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Wed, 04/06/2011 - 13:32 | 1141756 Gubbmint Cheese
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But they said they didn't need one... I'm stunned.. shocked..


Wed, 04/06/2011 - 13:45 | 1141831 Ruffcut
Ruffcut's picture

That was yesterday. Today is a new day.

Wed, 04/06/2011 - 13:54 | 1141878 redpill
redpill's picture

We've always been at war with Eastasia.

Wed, 04/06/2011 - 14:14 | 1141952 bigdumbnugly
bigdumbnugly's picture

no really, no more for me, i've had enough...

really...  i know my limit...

so pleasje, don't try talking me into...

aww, shcrew it.  gimme another.  thanksh...

is germany shtill the deshignated driver?


Wed, 04/06/2011 - 23:09 | 1143983 Ahmeexnal
Ahmeexnal's picture

How will the average eurotrailertrash react when they find out the massive bailout money China funneled into the EU to keep Greece, Ireland, Portugal and Spain on a commatose state for only mere months has on the other side of the trade EUROPEAN LAND AS COLLATERAL?

Wed, 04/06/2011 - 23:58 | 1144121 FeralSerf
FeralSerf's picture

The Greeks won't pay their taxes to the Greeks.  What makes you think they'll pay them to the Chinamen?  The Chinese should have talked to the Turks first before loaning money to the Greeks.

Doing it the Greek way: http://en.wikipedia.org/wiki/Anal_sex

Wed, 04/06/2011 - 14:31 | 1142029 SilverRhino
SilverRhino's picture

Hey !!! My chocolate ration has been raised from 30 up to 20 grams a week!!!

Wed, 04/06/2011 - 14:08 | 1141925 MrBoompi
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The "fundamentals of the economy are strong" until they aren't, and not a second before.

Wed, 04/06/2011 - 14:19 | 1141982 slaughterer
slaughterer's picture

Trichet: to hike or not to hike, that is the question.  What sayeth ZH?

Wed, 04/06/2011 - 14:28 | 1142024 magpie
magpie's picture

Raise, and then each little piggie gets a house of stone ?

Wed, 04/06/2011 - 13:58 | 1141890 covert
covert's picture

bailouts are always a big mistake.



Wed, 04/06/2011 - 14:25 | 1142013 TruthInSunshine
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CNBC - yes, CNBC - is running a headline that 2011 is quite possibly going to see a bigger financial crisis than we had in 2008.

I realize CNBsC is akin to the Romper Room of financial discussion....but....

CNBC: Could 2011 Be Worse Than 2008? Don't Rule It Out

CNBC.com - Patrick Allen - 12 hours ago
2011 is beginning to look very like 2008 before the collapse of Lehman Brothers—except the numbers involved are much bigger this time around.

WTF Bitchez!!!!!!

Wed, 04/06/2011 - 17:12 | 1142767 forexskin
forexskin's picture

isn't it time for reggie middleton to say toljaso about now?

Wed, 04/06/2011 - 13:35 | 1141758 TruthInSunshine
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ECB says all your bacalhau are belong to us.

Wed, 04/06/2011 - 13:33 | 1141763 WALLST8MY8BALL
WALLST8MY8BALL's picture

There goes the Lisbon Cherry Blossom Festival!

Wed, 04/06/2011 - 13:42 | 1141808 Cleanclog
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Wed, 04/06/2011 - 14:22 | 1141994 VisualCSharp
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+2 for your avatar. :)

Wed, 04/06/2011 - 14:22 | 1142002 Dr. Porkchop
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I'm not going to be able to look at ZH at work soon with all these tits about!

Wed, 04/06/2011 - 14:41 | 1142064 breezer1
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i put a picture of my xxxx on a site once. i had to move and change my name.

Wed, 04/06/2011 - 13:35 | 1141766 Sudden Debt
Sudden Debt's picture

here we go... I wonder how the Germans will react on that tomorrow.

it really is info overload Wednesday today.

Wed, 04/06/2011 - 13:39 | 1141793 Atomizer
Atomizer's picture

WoW>> Whip 'em Out Wednesdays

Wed, 04/06/2011 - 13:42 | 1141819 deacon_blues
deacon_blues's picture


Wed, 04/06/2011 - 13:48 | 1141842 augie
augie's picture

blasphemer, obey dave.

Wed, 04/06/2011 - 13:40 | 1141812 DoChenRollingBearing
DoChenRollingBearing's picture

It always seems to be the prudent and the savers who bailout the irresponsible.

TRUE re lots going on today...

Wed, 04/06/2011 - 15:10 | 1142206 Highrev
Highrev's picture

That's the plan, man.

Wed, 04/06/2011 - 15:15 | 1142228 disabledvet
disabledvet's picture

they will invade you you Chimay loving bastard you... "because you are closer and actually have drinkable beer."  Giinjinha bitchez!

Wed, 04/06/2011 - 13:36 | 1141772 101 years and c...
101 years and counting's picture

"... Hello Spain"

the one that may tip this buggy over.


Wed, 04/06/2011 - 13:39 | 1141786 Sudden Debt
Sudden Debt's picture

if not this year it will be next year.



Wed, 04/06/2011 - 14:15 | 1141961 sodbuster
sodbuster's picture


 And neither does the US- in fact, Osama is still dreaming up NEW entitlement programs.




Wed, 04/06/2011 - 17:50 | 1142894 Things that go bump
Things that go bump's picture

All the better to buy your vote for me, my dear.  

Wed, 04/06/2011 - 14:47 | 1142084 SilverIsKing
SilverIsKing's picture

If any of these fools were serious about getting their fiscal houses in order, you are correct, they would have done so long ago.  When Greece was burning (not that it still isn't), where was the Portugese leadership on implementing austery?  Why did they need to first run out of money before "taking action?"

Wed, 04/06/2011 - 13:39 | 1141800 DoChenRollingBearing
DoChenRollingBearing's picture

Ciao Italia!

Wed, 04/06/2011 - 14:15 | 1141965 Josh Randall
Josh Randall's picture

P to the I, I to the G = Southwestern Europe & Ireland dominos have been rattled lets see if this is the month they all fall 

Wed, 04/06/2011 - 13:37 | 1141778 Volaille de Bresse
Volaille de Bresse's picture

After the great earthquake of 1755 Portugal should be prepared for another disaster : the IMF/BCE monser!

Wed, 04/06/2011 - 13:38 | 1141787 irishlink
irishlink's picture

EVERYONE should be out of this crazy market. All the news that knocked the Euro for six is now driving it higher, bad news out of Japan and all markets rally. European Union getting tested every day and Trichet acts like its a normal day at the office and wants to raise rates. Will Spain have to fail in order to wake everyone up?

Wed, 04/06/2011 - 13:45 | 1141823 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

" European Union getting tested every day and Trichet acts like its a normal day at the office and wants to raise rates. "


Banking is a confidence game, and bankers are confidence men.

Wed, 04/06/2011 - 13:39 | 1141788 The Axe
The Axe's picture

yet euro making a run at 1.46     glad i don't trade FX

Wed, 04/06/2011 - 14:09 | 1141935 Yen Cross
Yen Cross's picture

Just trade it right. And respect your margin for swings.

Wed, 04/06/2011 - 14:20 | 1141990 InconvenientCou...
InconvenientCounterParty's picture

Trade it right????

So the smart money is long Euro here?


Wed, 04/06/2011 - 13:37 | 1141789 RobotTrader
RobotTrader's picture

PIIGS banks are flying today.

Both BBVA and STD about to break out off a huge 6-month base.

Wed, 04/06/2011 - 13:43 | 1141824 DoChenRollingBearing
DoChenRollingBearing's picture

I am really, really glad that I don't trade...

I'd be killed...

Wed, 04/06/2011 - 14:51 | 1142106 Babushka
Babushka's picture

Me like this one - http://www.telegraph.co.uk/news/worldnews/africaandindianocean/libya/839...

08:43 Silvio Berlusconi, the Italian leader, has used an emergency meeting on Libya in Rome as his excuse for missing part of his trial for sex with an underage prostitute.

Sneaky Italians they can find some good excuses....

Wed, 04/06/2011 - 23:02 | 1143962 FeralSerf
FeralSerf's picture

Is he accused of violating child labor laws?


Wed, 04/06/2011 - 13:57 | 1141877 d00daa
d00daa's picture

Robo, normally I take your shit with a few grains of salt, and understand you're game, unlike some of the wet panties around here, but c'mon man, you're off your game big time here.

Sure, they're both up, but volume is a BIG meh, and both still need at least one follow through day on BIG volume to confirm anything close to what you just said about a breakout.

Are you a buyer here?

Wed, 04/06/2011 - 14:25 | 1142016 lincolnsteffens
lincolnsteffens's picture

tsk, tsk, tsk, you're always pointing out the little stuff. When someone gives you a tip don't you just jump on it? What is there to know?

Wed, 04/06/2011 - 14:42 | 1142073 Richard Head
Richard Head's picture

Since you "understand his game", you should just take take his advice and not ask so many questions.  Be sure to report how it all turns out.

Wed, 04/06/2011 - 14:06 | 1141924 Highrev
Highrev's picture

XLF and BKX are looking similar challenging last week's highs.

SOX is doing the same dance too. (Remember what we we're saying about the TXN buyout of NSM maybe lighting a fire underneath SOX?)

Looking at least like a rotational effort.

Wed, 04/06/2011 - 14:10 | 1141932 magpie
magpie's picture

BTFD = Buy the Fucking Default

Wed, 04/06/2011 - 15:17 | 1142239 disabledvet
disabledvet's picture


Wed, 04/06/2011 - 13:37 | 1141792 tomster0126
tomster0126's picture

O.M.G......it's like a domino effect. They still say there's no formal need for a bailout but it's inevitable now...


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