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Some Recent Euphoric Comments About Portugal
Do you see what happens Larry when you cover up reality beneath trillions in excess liquidity and do nothing to fix the underlying problems?
May 30:
- PORTUGAL'S BANKS MORE CAPITALIZED, MORE TRANSPARENT NOW: COSTA
May 18:
- PORTUGAL HAS SUCCESSFULLY EXITED EFSF PROGRAM, REGLING SAYS
- "FISCAL MEASURES AND STRUCTURAL ADJUSTMENT HAVE ENABLED PORTUGAL TO IMPROVE COMPETITIVENESS" REGLING SAYS
May 14:
- PORTUGAL WILL EXIT ITS AID PROGRAM, MERKEL SAYS
May 9:
- PORTUGAL RAISES TO Ba2 BY MOODY'S, MAY BE RAISED FURTHER
- PORTUGAL OUTLOOK REVISED TO STABLE AT S&P
May 4
- IMF'S LAGARDE: PORTUGAL IN `STRONG POSITION' TO DEEPEN REFORMS
- PORTUGAL BAILOUT EXIT IS IMPRESSIVE, GERMANY'S SCHAEUBLE SAYS
April 23:
- PORTUGAL IS NOW ABLE TO FINANCE ITSELF IN THE MARKET: COELHO
April 14:
- PORTUGAL TO OUTPERFORM ITALIAN BONDS ON MACRO OUTLOOK, MS SAYS
April 11:
- BARROSO SAYS FOREIGN INVESTOR CONFIDENCE IN PORTUGAL INCREASING
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I <3 Puffery.
1 million illegals please, followed by 1 trillion of IMF humanitian aid.
Gotta love that shit if you can read between the lines. FY Bernanke!
Ba2 - LULZ
Moody's - BUG LULZ
Germany must have kicked Brazil's ass clear back to Portugal
Reminds of the blind date I had in college with the nice big boned girl.
Reminds me of a friendly argument amongst male buddies as to which of us Angelina Jolie would sleep with. There were some pretty compelling argument made that day, but unfortunately the bitch wouldn't have any of us.
Portugal: Buns up kneelin for Lagarde..........
pods
WHO WILL GET FUCKED IN THE ASS...
The little guy, every time.
Unless it's Felchmeister, who all but admitted that the best way sHe learns.
This is a classic funnie:
PORTUGAL'S BANKS MORE CAPITALIZED, MORE TRANSPARENT NOW: COSTA
Sounds like a precursor to a bank depositor tax to me.
More capitalized than what?? Than failed ones?? Muahaha
There isn't ONE bank operating in Portugal that isn't on the bankrupcy precipice... Bail-ins a plenty coming soon!
Nice summing up Tylers. These fucking liars need some exposure before they dissapear in the lion pit.
soooo funny that tyler thinks this is the straw that will break the camel's back. after printing trillions upon trillions in 5+ years to pretend we're not in a global depression, a bank in portugal is going to bring it all crashing down? ROFL!!!
It's not Portugal per se, it's the domino factor. If the Portugal, or Greece, banking system crashes...meh! If they both crash, then Spain, then Italy...head for the hills cause we be screwed. Can't print enough to save em all.
You mean they lied....who would have thunk?
Funniest part is we'll be flat by end of the day. Hope people are learning from this; shorting is putting your money into the furnace and sending this Beast higher.
Another example that shows NO ONE knows what the fuck is going on...nor understands the catastrophe that awaits. It is mathematically impossible to quantify the risk given the amount and types of leverage in the system
They know. That's Taleb theme, the mathematical models do in fact work, but financial disruption has a much wider "fat tail" probability than the sell-side bs models allow for.
101 years and c...
Why not just say you are bond market challenged in the understanding of global bond markets and how they are interconnected?
That way, you don't look like a complete dumbass, and maybe someone would help you to understand.
The scumbag credit ratings agencies recommendations should be treated like Gartmans market recos.
Now more than ever you simply have to do your own due diligence, and with a very fine toothed comb.
The talking heads are now talking out of their collective asses.
Of course we always knew they were, now, even their children wouldn't believe them.
How it affects synthetic dervitives is all that matters....that dark side of investing..those dominos
"I'm not worried about it. I think we could actually rally back. There's a lot of people on the sidelines with cash, and cash is just burning a hole in peoples' pockets," said Jack Ablin, CIO of BMO Private Bank
So what I'm getting is that the transition from "everything-is-hunky-dory", to the financial asteriod hitting and obliterating the landscape, is 5 weeks.
Is that right?
First post on ZH, been reading for a few years.
The eurocrisis isn't over, and can never be over until there is no Euro.
Or a quick OSI/fiscal union at 06:00 Monday morning if Germany win the World Cup in the hope that they will still be too pissed to notice.
First post on ZH, been reading for a few years.
The eurocrisis isn't over, and can never be over until there is no Euro.
Or a quick OSI/fiscal union at 06:00 Monday morning if Germany win the World Cup in the hope that they will still be too pissed to notice.
1st 2 posts