Italian Stocks Slump As Berlusconi Proclaims Himself Poll Leader

Tyler Durden's picture




 

With Italy's stock market down almost 9% (and falling again today), and Italian bond yields surging (2Y +35bps to 1.67%) in the last two weeks, it truly seems as though the two scariest words in global investing are not 'Iran-Israel', or 'Federal Reserve', but 'Silvio Berlusconi'. With the polls blacked out now until the election in just under two weeks, the posturing has begun and the media mogul is not backing down. As ANSA.It reports, Berlusconi has proclaimed "I believe that we have overtaken them... they are now (trailing) behind us," as we have been noting the convergence of the two parties poll results recently.

Of course, he is still the lecherous old bastard he always was - which seems only to endear him to the Italian people (oh, and his promise of bread and circuses for all) - as ANSA notes, he is defending himself on Sunday, after Berlusconi asked a female solar power technician during a company visit if she made house calls, if she "comes to homes" and how many times she is willing "to come". Is debauchery the opposite of austerity? Never mind, the key for now is psychological as the opposition sparring will need to begin to avoid the "don't vote for the loser" bias.

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Mon, 02/11/2013 - 16:11 | 3234463 jmcadg
jmcadg's picture

+1 for Mussolini but with better PR.

I hope he brings back his mate who spent all day in parliament surfing the net for porn on his ipad. Classy!

Mon, 02/11/2013 - 12:05 | 3233464 ekm
ekm's picture

If Berlusconi wins, it's good for the italians and europe.

 

He ain't doing bread and circuses. Italy is less worse because of him.

He's a womanizer, but it's just mediterranean culture.

 

His goal has always been to take italian away from the mentality of the state being the FATHER PROVIDER. He's done a lot of good work and he'll continue to do so if elected.

Mon, 02/11/2013 - 12:08 | 3233485 Sudden Debt
Sudden Debt's picture

He sure will!

He already said that Viagra should be paid back by the state so everybody has the right for a good sexlife!!

At least he now has every senior vote :)

Mon, 02/11/2013 - 14:45 | 3234083 Nobody For President
Nobody For President's picture

Every senior MALE vote...

Fixed it for yah.

Mon, 02/11/2013 - 12:16 | 3233506 falak pema
falak pema's picture

lol, we have a fan of the return of Il Duce to Rome; they lose a pope and they could get a dope peddler, like a new Lucky Luciano.

Italy's people leave their skins in this muderous game, like they did during the renaissance; eleven wars of italy and population decrease bigtime, while Popes, french, Austro-Spanards  and Ottomans tore out their guts.

But Italy survived! These guys have resilience. 

Mon, 02/11/2013 - 12:19 | 3233544 ekm
ekm's picture

I know what I'm saying.

I'm not saying he's very good, I'm saying he's the lesser evil.

 

Check my comment here:

http://www.zerohedge.com/news/2013-02-10/berlusconi-ally-supports-altern...

 

Mon, 02/11/2013 - 12:23 | 3233553 francis_sawyer
francis_sawyer's picture

 "But Italy survived! These guys have resilience..."

~~~

What they have... Are the Alps & the Apennines... Even fucking Spartacus stood a fighting chance on that terrain...

Mon, 02/11/2013 - 13:21 | 3233766 falak pema
falak pema's picture

I read what you wrote : Father provider ! So was Il Duce....

His whole career is a story of a guy who was a front man for very deep italian intrigues; when you belong to that cult, P2 strain, you can only father ONE thing...runaway corruption! 

I don't know what the lesser of two evils means in the current context. Its Pax Americana (GS) financial play; to save the uber currency and its euro sister...OR, its national fascism...we have two BAD choices right now in ALL OF FIRST WORLD.

Mon, 02/11/2013 - 13:48 | 3233872 ekm
ekm's picture

Good points.

I have no answer to that.

Mon, 02/11/2013 - 13:22 | 3233772 NotApplicable
NotApplicable's picture

Still, it's a divide and conquer "nationalists vs. internationalists" sucker-bet.

As always, the only rational vote is NOTA.

Mon, 02/11/2013 - 12:12 | 3233501 LongSoupLine
LongSoupLine's picture

That fucker could make Hugh Heffner fucking blush.

Anyone that pisses off the fucking corrupt EU pricks is ok in my book.

Mon, 02/11/2013 - 12:16 | 3233525 azzhatter
azzhatter's picture

Compared to Von Rumpboy blowing Barrosso I'll take Silvio

Mon, 02/11/2013 - 12:17 | 3233529 SokPOTUS
SokPOTUS's picture

That beauty queen looks like a tranny.

Mon, 02/11/2013 - 12:20 | 3233550 Super Broccoli
Super Broccoli's picture

Jeez i love this guy !

 

Look like he's the only one that doesn't give a damn about what GS says or S&P thinks :-)

Mon, 02/11/2013 - 13:34 | 3233824 Freddie
Freddie's picture

i would go to church everyday in thanks if Silvio replaced Obama.

Mon, 02/11/2013 - 12:24 | 3233575 Idiocracy
Idiocracy's picture

Here'e the link of the midget clown asking her if she comes, and how often, and with what time intervals:

http://www.youtube.com/watch?v=No7OYwolufY

Mon, 02/11/2013 - 12:52 | 3233673 Bam_Man
Bam_Man's picture

Classic - even if you don't speak Italian!

Mon, 02/11/2013 - 12:34 | 3233612 darteaus
darteaus's picture

People who complain about Berlusconi degrading the office either forget the Italian member of Parliament who was elected while a porn star and continued to make movies while in parliament, or they - more likely - disagree with his politics.

http://en.wikipedia.org/wiki/Ilona_Staller

Mon, 02/11/2013 - 13:09 | 3233733 rufusbird
rufusbird's picture

That porn star was the only name on the ballot that most of the voters recognized...

Mon, 02/11/2013 - 13:39 | 3233837 Freddie
Freddie's picture

I click on the wiki link.  She is Hungarian. Worked as a made in a Hungarian hotel when she was younger and got lots of dirt on American diplomats for Hungarian intel.  Probably during cold war.

The picture in 2009 was pretty hot. I would take her over Hillary an day.  Hillary is a lying evil bi*ch like O.

Mon, 02/11/2013 - 14:04 | 3233933 Dareconomics
Dareconomics's picture

Berlusconi's potential election is one of the reasons that the Italian banks may require nationalization:

 

http://dareconomics.wordpress.com/2013/02/10/top-6-reasons-why-italy-wil...

Mon, 02/11/2013 - 16:10 | 3234457 trendybull459
trendybull459's picture

I can predict to you one thing for sure untill this Matrix on run:girls never stop looking for rich man,probably they know that Berluskony has best viagra possible on Planet,visit our new page and do not shy to vote for FED pool:http://trendybull777.blog.com/about/

Mon, 02/11/2013 - 17:38 | 3234771 Peter K
Peter K's picture

And I thought it was only sex and everybody lied about sex. But I guess Silvio ain't Clinton.

To bad Silvio didn't turned progessive years ago. Would have saved him a lot of problems with the prosecutors, and the feminists would be in his corner.... Ok, now I know why Silvio didn't turn progressive. :)

Mon, 02/11/2013 - 20:51 | 3235242 Bugsquasher
Bugsquasher's picture

Turn Italy back into Papal State and make Mr Bunga Bunga Pope!  Problem solved.

Do NOT follow this link or you will be banned from the site!