Double Your Money In 6 Months: 1 Year Greek Yields Pass 200% For First Time Ever
Looks like that 50% haircut may be insufficient. Who was the guy on CNBC was was buying Greek bonds a few days back on the "bailout"?
And now, back to your regularly scheduled fiat ponzi system collapse.
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I want such a steep step in Gold - now!
This is what happens when you have referendums during a time of crisis. I've said it before, and I'll say it again: REFERENDUMS ARE A FAILED POLICY!
Are you being contrarian to the contrary this time?
MDB has managed to confuse himself.
He's probably gotten tired of his lame attempts at sarcasm/irony (just like everyone else here) and has stopped trying.
accountability to the people, leads to less milliondollarbonusii
must not allow people to have a say...
Zeno's Paradox, Bitchez!!!
Failed fiscal and monetary policy is a foregone conclusion. Of course the political and financial leaders' policies are going to fail. They are going destroy the currencies of the world.
Nonsense. The referendum is great. The greek people get to decide. How well have the leaders done. Not well. Let the people decide if they want to live under the strain of more debt, or live more poorly without debt. This is a referendum on bankruptcy. Maybe the greek people choose bankruptcy. What the hell is wrong with that. Let the people decide. Maybe they want to grow more of their own vegetables, walk and bicycle to work instead of bus, teach their kids themselves instead of gooberment institutions, provide their own healthcare and so on. Just what the hell is wrong with that decision anyway. Fuk the germans and the french. Exactly what have they done lately? Maybe they could use a little austerity themselves. Anyway, I hope the greeks vote down the german and french plan. I hope the banks in EU bust. I hope the governments roll over. I hope the people decide to take charge of their destiny instead of living under nanny socialism. Maybe the right vote on a referendum will bring some meaning to the life of people in greece. Maybe they don't need a fucking bmw or a bottle of burgandy, or a barclays credit card. Maybe they don't mind walking around with BO and eating olives for dinner. Maybe they don't want to be like all the other fat asses in the US, UK, FR and GDP.
Well then what happens to people like myself with financial equity portfolios? What are we supposed to do?
Make a warm fire.
And most likely, if they do choose to default, then their economy will recover and be doing well in just a few short years. Just like Iceland.
Or they will be invaded. Just like Poland.
Isn't it obvious? Take the money out of your financial equity portfolios and buy physical PMs!
Manage the risk or get out. Please do not ask for a bailout. It is overdone.
People should have equities because they believe in the companies they invest into, not because they hope central banks will inflate the DJIA. And in order to get back to this kind of investment philosophy which was prevalent pre-1900, we need a huge social, political and economic reset.
http://www.youtube.com/watch?v=FZxzC3X5ww8&NR=1
if you were dumb enough to think the party was gonna last forever, you deserve to get burned succccka.
Johnny Bravo... Is that you?
You say referendums are a failed policy?
Nothing could be more democratic than a referendum so, in effect, you are saying that democracy is a failed policy.
Democracy is about electing leaders to do just that - LEAD. It's not about letting the ignorant public manage the economy and other important affairs that should be left to learned experts. Otherwise what is point in having professional politicians in the first place?
//Otherwise what is point in having professional politicians in the first place?//
Bravo, you've come to a very important bifurcation point in your thinking process, now take it to its logical conclusion.
No that is the problem with democracy in its current form. People think their civic duty in the political process begins and ends at the ballot box. Increasingly people are being offered the choice between more of the same on both sides. People should be involved in the process at all times. The process should also be proportional representation instead of first past the post. Don't tell me it is less efficient. The most efficient form of government is a dictatorship. Democracy does not need to be efficient, it needs to be participatory. We've been electing "learned experts" for a while now, and how is that working out? hmmm...
Democracy works only if it is about electing leaders who are not the puppets of non-elected parties.
"learned experts"
"This is a house of learnin doctors"
http://www.youtube.com/watch?v=BD-BZb_71Kw
Who are you? I hope you're long Euro Sovereigns like our good friend Jon Corzine as well. May you both pay dearly for investing in socialism.
"Democracy is about electing leaders to do just that - LEAD. It's not about letting the ignorant public manage the economy and other important affairs that should be left to learned experts. Otherwise what is point in having professional politicians in the first place?"
Holy crap.... You must be Greek yourself.
You can't be American, because if you were you would understand that America is a REPUBLIC of individually sovereign free people.
Our Representatives are indeed elected by the masses (which is why so many people confuse America with Democracy), but I say again- they are elected REPRESENTATIVES- meaning they are supposed to YIELD to the designs of their constituents- No where does the Constitution empower them as leaders that the masses must instead yield to.
If you and others like you choose to put your faith in Politicians (serial, pathological liars) then you deserve every fate that your Democratically inspired Utopia unleashes upon you...
Troll.
Just buy the physical and wait. You never know when it will happen. But eventually, the world government's will realize they are solvent with gold over $10,000 an ounce, where it belongs. Until then, enjoy the deal.
amen
just buy every month and don't get tactical with it
silver...
So, what's 200% of nothing?
100% is double or nothing. 200% is triple or nothing.
Or is my math failing me ?
Nothing is still nothing when giving something while waiting for the ROI.
Shouldn't interest rates be at 200% as well if the return is so significant?
I thought 100% would be the number where retardation subsided and common sense crept into the picture. I was wrong. Maybe 1000% is going to be it, but I won't put money on it.
I remember this. It's the electric kool-aid acid test.
Amen - it's a charade aimed at lining some pockets. It's ludicrous that Greece is selling debt at all, they have no capacity to repay it.
They don't need the capacity when the Germans seem perfectly willing to pay it for them!
it's the same math the FED uses,... so it must be correct - i guess?
In Bernanke's princeton math, that's X power of 2. He will never tell you what X would be
minus infinity
How could anything possibly go wrong?
BINGO!!!! Quote of the day....
"No one could have seen this coming!"
"Double your pleasure, double your fun, when you go Greek get lotsa cum in your bum!"
Wow, now that is impressive. Wow.
Not enough.. Crash will occur when greek yield ariives at 400....2 more weeks...
I'm waiting until the price goes to zero and the interest rate goes to infinity per cent per year.
I is gonna be rich, I tells ya.
Double your money every nanosecond!
Lol!
Do you honestly think the ECB, Eurozone, IMF, US Fed and the rest of the world who all own printing presses are just going to sit back this time and let the "market" run free? What's more absurd 200% 1yr greek debt or the thought that they won't throw everything they have at it? And you thought last weeks short covering was something....stand by
Yeah, go ahead and double-down on that bet, lol
How about I triple down on that bet and you take the other side.
Am I the only one that cannot keep up with Tyler's posts? Man, he is fast.
At some level default has been priced in and if you hedge FX risk there could be value in those things;
Corzine should have waited for this deal?
Leo...again?
PS: I am going to use this as another illustration for teaching my kids the lesson of return on principal versus return of principal.
Don't know about Greek bonds, but Blackrock's Chief Investment Officer was on Bloomberg a few days ago, pounding the table as a buyer of Italian bonds.
http://www.bloomberg.com/news/2011-10-21/blackrock-buying-italian-debt-with-european-bailout-talks-showing-progress.html
Buys a few, then shorts a ton.
Sure I'll buy some with free CDS included with collateral, of gold.
Greece is sinking. We're gonna need a bigger boat.
www.pmbug.com
Blood in the US market Street nears. HFTs leaving retail stocks at high speed now. Silver WILL BE the knife to catch...but not until the close...and it will feel like grim death, I suspect.
As for Greek bonds and who was buying them...who is J. Corzine...with OPM. Pricing in these bonds have been VERY clear about the outcome...what...for more than a year now?
It continues to be pure comedy...what "surprises" the average criminal syndicate Wall Street banker.
LOL- the only people worth listening to on there are Finerman, Adami, and the Najarian brothers- the rest are just talking their books.
The Najarian brothers? You have to be kidding. One is as dumb as a rock, and the other is a perma bull options junkey to the extreme.
Finerman is just fine...a reasonable person. However, why she keeps holding positions in financial services is a tad bit confusing.
Grasso is the only decent one, and even he has to be slightly bullish since after all he trades on behalf of the institutions. Everyone else ONLY talks their books. Lol @ the options junkeys, too true.
Well if he liked them at 180% he will love them at 200%.
Wow! Eye-popping yields to chase! Bonds backed by the full faith and credit of feta and kalamata
RT @Alea_: greek gov bonds maturing 03/2012 ==> yield 510%
Yahoo Finance is running the headline “Greek Referendum Spooks World Markets.”
Yes, let’s have democracy spook world markets. Not central planning by private banking cartels carrying out the marching order of the Rothschilds, not printing mountains of fiat out of thin air, not marking assets to fantasy, fraud and manipulation of every kind.
No, let’s not have any of that spook world markets, but let’s have the very people who would be subject to endless debt slavery get a vote, let’s have that spook world markets.
Well said.
+1
+99%!
flag as awesome (1)
Ya who?
1) Buy bonds yielding 200%
2) Take 50% haircut
3) ????
4) 100% Profit!
As soon as I figure out that Step 3, I'll be rich!
Step 3 is CDS.
I was thinking step 3 was to build a weapon big enough to force the whole world into capitulation, but you seem to have beat me to it.
And step 5) is pray your CDS counter party can pay off if a credit event is triggered... IF... 'credit events' that allow CDS pay offs are ever allowed to happen again.
IOWs, don't count on reliable insurance for your Greek bonds... or, any soverign bonds.
Number 3 is you package and securitize the vehicle to sell to your next door neighbor, brother inlaw, company pension plan, who is a kinda mean guy cop. That will seal your deal.
I think Collect Underpants fits in there somewhere.
3) be a central banker.
Leisman is jizzing over the prospect of asking a question at bernankes press conference tomorrow.
He is going to the spa after work today - back, crack, and sack wax. Buffing of the large head, maybe even a new perfume.
Who speaks for the CDS markets....this is default...but yet its not????? This is the domino question that needs to be answered...
CDS = Home insurance that doesn't pay off under any circumstances... So, why does so much of it exist? How will it be unwound?
Walking on the razors edge now...
All of your children are belong to us.
GET THESE GREEKS PARASITS OUT OF EU RIGHT NOW!!!!!!!!!
this new math confuses me. so does it confuse Angela Merkel.
here she is gathered with ministers at EU Summit talking frankly like Old Europe.
http://www.youtube.com/watch?v=MSB21EZQNkA
strangely, this got 300 hits from Switzerland on the overnight... guess you can't beat
those dancing Nazis...
I was going to short the s&p to pay for my fence but now I think I will just buy Greek debt.
Oh wait...that's why I need the fence.
Call right now and we'll send you not 1, or 2, or even 3 Greek bonds. We must be nuts, but we're sending you 4 bonds for the price of 1. Amazing! How can we do this? Hey, we're Greeks.
I'm holding out for the Steak Knives. German made I Hope
Everyone assumes that the Greeks will revert to the drachma if they leave the euro, but if they are as clever as they have been so far they could freak everyone out and say their new currency will be the "DMark." This would stand for Drachma Mark and the rationale is they want it to considered safe so they want to give it a good name.
Then if the Germans left the euro they wouldn't know what to call their currency.
Look for emerging market as Greece ships Olive Oil to the US by the Metric Shitload along with a handy nozzle conversion kit for your oil furnace.
http://confoundedinterest.wordpress.com
And 2 year Greek yields at 82.25%. The Euro is now renamed the Gyro.
Seriously, did Corzine really beleive that Euro could turn around?
What is a bond of a bankrupt entity that will never pay another coupon worth?
IMHO Greek debt is still over-priced.