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False Alarm: No Deal Yet - This Is After All The Circus Known As Europe - Live Webcast

Tyler Durden's picture


Sure enough, it seems, the much aggrandized statement was merely more undecided 'leaked' actionless garbage from the EU's leaders:


EURUSD slumped immediately on this new news. The Eurogroup has set up the live webcast access point - below - though start times are 'estimated'.



Live Eurogroup Webcast



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Mon, 11/26/2012 - 18:49 | 3012688 JeremyWS
JeremyWS's picture

Not getting old....yet

Mon, 11/26/2012 - 18:51 | 3012699 THX 1178
THX 1178's picture

Headfake, bitchez.

Mon, 11/26/2012 - 18:57 | 3012728 nope-1004
nope-1004's picture

Two kids can make a "deal" - these releases mean nothing.  Being insolvent sucks so all that's left is a sideshow performance.


Mon, 11/26/2012 - 19:16 | 3012755 Michaelwiseguy
Michaelwiseguy's picture

I find that spiritual entities communicating through their hosts have difficulty articulating their message in logical coherent terminology, making it difficult for others to interpret the information into something useful.

You'd think with all their high technology they'd be able to formulate a coherent sentence.

These are obviously entities and hosts below human potential. Try not to waste your time with them.

Mon, 11/26/2012 - 19:19 | 3012778 iDealMeat
iDealMeat's picture

wait..  I'm confused.  Just what is there to talk about??


oh yeah..   I don't care..  at all...   AT ALL..


Mon, 11/26/2012 - 19:20 | 3012782 camaro68ss
camaro68ss's picture

IMF, What a dick tease

Mon, 11/26/2012 - 19:45 | 3012857 flacon
flacon's picture

She [Lagarde] has a big one but no balls. 

Mon, 11/26/2012 - 18:53 | 3012711 Tsar Pointless
Tsar Pointless's picture

You mean we're not there yet? But I'm getting tired of playing the "license plate" game.

And we already went through the alphabet backwards and forewards twice playing the "alphabet" game.

Mon, 11/26/2012 - 19:09 | 3012759 JPM Hater001
JPM Hater001's picture

In the words of the Great Joe Soucheray- You cant stop Greece, they'll just "make a move."

Mon, 11/26/2012 - 19:19 | 3012781 ACP
ACP's picture

Nope, the circus music never gets old...

Mon, 11/26/2012 - 19:59 | 3012909 HaroldWang
HaroldWang's picture

They have reached a deal:

ECB president Mario Draghi leaves  as talks on Greek debt sustainability conclude with an agreement. -Dow Jones

Euro ticking higher as I type

Mon, 11/26/2012 - 20:20 | 3012948 Orly
Orly's picture

They're going to buy the debt back at 35 cents on the Euro...

Mon, 11/26/2012 - 18:50 | 3012694 spastic_colon
spastic_colon's picture

ben said NEIN!  the USD cannot handle it yet! 

Mon, 11/26/2012 - 18:51 | 3012696 Tsar Pointless
Tsar Pointless's picture

Isn't it pitiful that we humans have dominion over all the other creatures of this planet?

I think cats would do a much better job.

Mon, 11/26/2012 - 19:10 | 3012762 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

I know I am going to get a bunch of down votes here but I hate cats...just sayin.  However, I think it's possible that dogs could do a better job.

Mon, 11/26/2012 - 19:18 | 3012777 jomama
jomama's picture

this isn't reddit, alfred.

Mon, 11/26/2012 - 18:51 | 3012697 semperfi
semperfi's picture

the bailouts will continue until morale improves

Mon, 11/26/2012 - 19:24 | 3012804 CrashisOptimistic
CrashisOptimistic's picture

Wait, you mean I just did some computations in that other thread to ridicule their deal . . . and now there's no deal?

Does this mean I computed wrong?

Mon, 11/26/2012 - 18:51 | 3012700 ZippyBananaPants
ZippyBananaPants's picture

This is better than watching Animal House for the 56th time.  You know all the words and lines, but it is still as funny as ever.

Mon, 11/26/2012 - 18:57 | 3012735 EscapeKey
EscapeKey's picture

more like "groundhog day", with the intelligence level of "dude, where's my car"

Mon, 11/26/2012 - 19:10 | 3012760 JPM Hater001
JPM Hater001's picture

Yeah, the swing was somewhere around 39.

Mon, 11/26/2012 - 18:52 | 3012703 Cassandra Syndrome
Cassandra Syndrome's picture

If these psychopaths ran funeral parlours, nobody would die.

Mon, 11/26/2012 - 19:01 | 3012745 MsCreant
MsCreant's picture

They'd be dead, just propped up and no one admitting it.

Weekend at Bernanke's.

Mon, 11/26/2012 - 19:39 | 3012846 NotApplicable
NotApplicable's picture

Around here they just pile up the poor people in the basement.

Mon, 11/26/2012 - 18:53 | 3012714 RunningMan
RunningMan's picture

People are being conditioned for the main event through a series of continuous non-events. It has been underway in full force since October 2008.

Mon, 11/26/2012 - 18:54 | 3012718 fonzannoon
fonzannoon's picture

The coke and hookers must not have arrived yet

Mon, 11/26/2012 - 18:56 | 3012730 darteaus
darteaus's picture

That Strauss-Kahn really knows how to close a deal!

Mon, 11/26/2012 - 20:43 | 3012997 tsx500
tsx500's picture

and little boys

Mon, 11/26/2012 - 18:54 | 3012720 Jason T
Jason T's picture


(I can picture the guy from Mad TV doing the "deal or no deal skit)

Mon, 11/26/2012 - 18:55 | 3012729 markar
markar's picture

And to think, the taxpayers of Europe only have to pay about 50 bil euros a year for this shit show from these assclowns in Brussels.

Mon, 11/26/2012 - 18:56 | 3012733 Cursive
Cursive's picture

Holy laughingstock!

Mon, 11/26/2012 - 18:58 | 3012737 buzzsaw99
buzzsaw99's picture

I can't take the suspense. It's killing me! [/sarc.]

Mon, 11/26/2012 - 18:58 | 3012738 dracos_ghost
dracos_ghost's picture

You fucked up, you trusted us.

Mon, 11/26/2012 - 19:01 | 3012743 max2205
max2205's picture


Mon, 11/26/2012 - 19:00 | 3012744 SheepDog-One
SheepDog-One's picture

AH! So now the plan is 'rapid-fire baffle em with bullshit'....yea we'll see how well that works.

Mon, 11/26/2012 - 19:04 | 3012747 youngman
youngman's picture

They must of got hungry again......order more the caterers.....

Mon, 11/26/2012 - 19:07 | 3012752 Cangoroo
Cangoroo's picture

Late here, they need to do it

Mon, 11/26/2012 - 19:10 | 3012754 ebworthen
ebworthen's picture







Hmmm...sounds like the "fiscal cliff" talk here in the U.S.


Mon, 11/26/2012 - 20:00 | 3012912 Miss Expectations
Miss Expectations's picture

"Greatly exaggerated"

Mon, 11/26/2012 - 19:09 | 3012757 MsCreant
MsCreant's picture

I've never snorted coke out of a Euro before. Any different than a Benny Buck?

Mon, 11/26/2012 - 19:11 | 3012763 ebworthen
ebworthen's picture


Me neither, but they are certainly more colorful.

Mon, 11/26/2012 - 19:14 | 3012769 SheepDog-One
SheepDog-One's picture

I want a blue one! NO wait, the peach colored one! 

Mon, 11/26/2012 - 19:22 | 3012795 MsCreant
MsCreant's picture

Remember Pixie Stix?

Mon, 11/26/2012 - 19:14 | 3012771 GMadScientist
GMadScientist's picture

That's okay; I've never snorted coke out of an American.

Mon, 11/26/2012 - 19:11 | 3012758 Pretorian
Pretorian's picture

Debt reduction YES. But NO free cash to prevent default , CASH is what Greece is needed not debt reduction. Those public empolyes have to eat tommorow and politicans to steal some more.

Mon, 11/26/2012 - 19:10 | 3012761 Uber Vandal
Uber Vandal's picture

No matter what comes out of the EU in reference to Greece, et al, Invader Zim has it all covered.



Mon, 11/26/2012 - 19:12 | 3012767 1fortheroad
1fortheroad's picture

What a shit circus this has become. ALL of it.

Mon, 11/26/2012 - 19:13 | 3012768 GMadScientist
GMadScientist's picture

Cue Pavlov.

Mon, 11/26/2012 - 19:16 | 3012772 SpanishGoop
SpanishGoop's picture

Hee, look that EU " be patient"  screen knows what is going to happen.

Union stars dissapear !


Mon, 11/26/2012 - 19:18 | 3012776 Cangoroo
Cangoroo's picture


Mon, 11/26/2012 - 19:17 | 3012774 kill switch
kill switch's picture

This is all I have to say!!!Fuck this bullshit!!!!!!


Mon, 11/26/2012 - 19:17 | 3012775 Rustysilver
Rustysilver's picture

OK. OK. So definitely tomorrow; promise.

Mon, 11/26/2012 - 19:19 | 3012780 PLove
PLove's picture

150 fired for not taking

virus flu vaccine.


Study finds silver kills all viruses.

Mon, 11/26/2012 - 19:20 | 3012784 Frank N. Beans
Frank N. Beans's picture

these guys should get Oscars for best performances by EuroMorons


Mon, 11/26/2012 - 19:20 | 3012785 magpie
magpie's picture

Nothing is as sublime as watching tptb fail

Mon, 11/26/2012 - 19:20 | 3012786 yogibear
yogibear's picture

Expect an announcement soon. The announcement will be preceded the ECB ringmaster, jugglers and clowns. 

The longest economic clown show on earth. 


Mon, 11/26/2012 - 19:21 | 3012788 Van Halen
Van Halen's picture

Was anyone else JUST watching silver and gold and saw the massive drop and sudden recovery in the space of oh, 30 seconds? I click on the same charts now and it's literally been erased... as if nothing happened. Apologies if I missed something in the conversations, but what just happened?

Mon, 11/26/2012 - 19:26 | 3012807 Jacks Cold Sweat
Jacks Cold Sweat's picture

algo crash

Mon, 11/26/2012 - 19:51 | 3012877 flacon
flacon's picture

I've seen this happen several times before on KITCO's charts. I would disregard it as a bad tick. 

Mon, 11/26/2012 - 19:26 | 3012810 Van Halen
Van Halen's picture

If it helps at all, I noticed that it did NOT happen in platinum and palladium trading. They were unaffected the whole time by the dip. The dip and sudden recovery was (I think) $60 gold and about $4 in silver. Really weird.

Mon, 11/26/2012 - 19:34 | 3012831 Quinvarius
Quinvarius's picture

No. Just your wishful thinking...again.

Mon, 11/26/2012 - 19:46 | 3012854 NotApplicable
NotApplicable's picture

FWIW, I've noticed that spikes get smoothed out as new data comes in and the old data is averaged over X amount of time (as opposed to a bar chart which shows the whole range of  movement within a given time frame)

Mon, 11/26/2012 - 19:25 | 3012801 gould's fisker
gould's fisker's picture

What were they supposed to decide again? Oh right, the same old it doesn't matter BS cause they'll be at it again next week BS.  But give this much to the Greeks--never have so few sucked so much out of so many for so long--it'll be interesting what's left when the Spaniards step up to the plate.

Mon, 11/26/2012 - 19:39 | 3012847 yogibear
yogibear's picture

The other countries need to shake down the ECB as well. Take all you can from them because they will not allow  the countries to leave. This is entertaining. Drop money owed here and there. Before you know it club med will only owe a fraction of what is owed. They can borrow more and do the same.

Mon, 11/26/2012 - 19:25 | 3012803 Jacks Cold Sweat
Jacks Cold Sweat's picture

any live cam link? silverlight sucks ballz

Mon, 11/26/2012 - 19:32 | 3012824 Quinvarius
Quinvarius's picture

Of course there is a deal.  And yes it involves printing more free money.  What the heck do you guys expect to happen?  They probably had this thing done last week.

Mon, 11/26/2012 - 19:35 | 3012833 chump666
chump666's picture

They are insane.

ECB will take the hit and of course print to fill the gap.

*ECB to forego 11 BLN EUR profits on Greek bond portfolio

Mon, 11/26/2012 - 19:45 | 3012856 Anglo Hondo
Anglo Hondo's picture

Jeez, the Gong Show was never this bad.  Someone, please, ring the fuckin bell, it's way past time for a new act.


Mon, 11/26/2012 - 19:47 | 3012863 NotApplicable
NotApplicable's picture

They had better drugs.

Mon, 11/26/2012 - 19:53 | 3012885 tok1
tok1's picture

IMF ( ie Us/Japan) are causing issues because if a deal
is done money will flow back to EU and away from treasuries / JGB.

Germsny too is stalling because they will suffer
higher rates and stronger Euro ..

do agree will suffer for them

Mon, 11/26/2012 - 19:57 | 3012904 Cangoroo
Cangoroo's picture

No, 15 percent higher would be nice. Germany wants to keep its capital. Germany needs more consumption. So 15 to 25 percent higher Euro will not hurt, exactly the opposite.

Mon, 11/26/2012 - 20:25 | 3012958 Conman
Conman's picture

Of course it will Germany is an export country. Strong currency hurts exports.

Mon, 11/26/2012 - 19:58 | 3012906 jldpc
jldpc's picture

You have to admire the Greeks - lazy, crooked, and mostly not worth damn to anyone - tax dodgers with government jobs for life with 14 monthly salary paymnets per year. And the dumbbells up North keep giving them mor........... money. WOW.

Mon, 11/26/2012 - 20:16 | 3012940 Cangoroo
Cangoroo's picture

Patience is at its end. I mean we can export our cars or drive them ourselves. Greek customers can easily afford to drive a Tata car. And bikes are nice and healthy. 

Mon, 11/26/2012 - 20:21 | 3012949 tuttisaluti
tuttisaluti's picture

We have a deal


Mon, 11/26/2012 - 20:32 | 3012957 exartizo
exartizo's picture

They are testing the markets to see how long ambiguity will be tolerated before their hand is forced.

A dangerous game of chicken to say the least.

Mon, 11/26/2012 - 20:31 | 3012974 obessoligarch
obessoligarch's picture

well seems that greek girls will have to deal with a debt of around 124% too in the year 2024 .

untill then what?



Mon, 11/26/2012 - 20:43 | 3012996 magpie
magpie's picture

Mme Lagarde, no one is buying your wares

Mon, 11/26/2012 - 20:43 | 3012998 Father Lucifer
Father Lucifer's picture

Greece will soon be firmly committed to FASCISM

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