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Greek Contagion? Spanish/Italian Bond Risk Surge Most In 4 Months
With Spanish and Italian leaders desperately running around to any and every media outlet to proclaim themselves economically fit and deny deny deny what Greek FinMin Varoufakis said yesterday, it appears the market has a different perspective. Portuguese bond spreads are 16bps wider and Spanish and Italian bond spreads are 12bps wider - their worst day in almost 4 months - as it appears Grexit fears are starting to creep into the rest of the periphery.
Charts: Bloomberg
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If Greece goes then its all planned and strap in.....the ride is gonna get rocky for a month as they shift the noise to another meme......Spain and Italy will be pushed to at least the end of this year as the monetary game goes into the next gear
If Ukraine has just been nuked all bets are off? Time to fold them gents...
"The radiation in the Ukraine is contained." - - Some relative of Bernanke
Enough with the Ukraine nuke meme. Every single country on Earth knows the split second a nuke goes off anywhere in the world. You can't hide that shit from people. Whatever happened in Ukraine was not nuclear...
There was no nuke. The bombing was done by Kiev though. And EUke should not expect any action from Putin.
In just under 24 hours the powers of US/NATO/Israel/EU forced both Russia and Cyprus to cancel the plans for a Russian base in Cyprus. They put out a hastily developed storyline that their words were simply misunderstood but it is clear someone bitch slapped them with enough force to put fear in both.
What is now clear is that Putin can be backed away from even building an air field or naval station in a friendly country. This is not good for Greece.
Be careful of a last minute "Skate Save". If that happens (coin flip) stocks will will launch. Risky times. Just have to think about how many times in how many countries over the last 6 or so years that a last minute deal sent stocks on a wild ride north.
The EU has the glide ratio of a brick and their engines are flaming out and Greece will only speed the process up....
"If Greece goes then its all planned and strap in..." --- LMFAO!!! Yeah sure, I remember many people posting the exact same thing in 2008/2009, then again in 2011/2012,....
sure sure, whatever.
Yeah, but for each of those, you can find another saying the opposite. Fact is, they have no clue. Neither.
PLease, they know exactly what they are doing and everyone is still accepting central bank paper. This and only this matters because "they" control that paper and hence can buy everything and anything. CDS will never fucking payout, these fuckers know exactly what they are doing. They create the the fucking paper to begin with and as fast as they can the buy as much real wealth as the rest of us will let them. Until that fucking paper is rejected outright, nothing changes.
tick tick tick..
Argh! It be contagion, me mateys. I've seen it wipe entire central banks right off the map and down into Davey Jones' locker.
(I'm so goddamned bored I'm talking like a fucking pirate now.)
That was great! needed a good laugh!
Arghh! The Italian spreads be so wide I see Bob Ross pokin his head out! Wait, no, shiver me timbers! Someone get that lass a razor.
pods
Are you sure that is not Brian Williams negotiating international finance? Or maybe Grubber doing his thing.?
You and me both. But you gave me an idea with Davie Jones locker... Drunk and on drugs happy Funtime hour. They've got a good pirate. I've got 2 bone dry fingers for yer arse.
ND, I'm just coming back from two weeks off from reality due to a contract requiring 12-16 hour days and I'm pissed we aven't started WW3 yet.....
Mario Draghi Master Bates and Seaman Stains on the carpet soon then?
We will start with Italy and Spain. We will order rating agencies to attack, exclude them from markets and throw them to the ECB trap. They will be forced to take similar measures, as Greece did, in order to receive liquidity. Then, we will attack France and Germany.
You forgot Cyprus.
Bullish
Heavens, look at the time, it's like clockwork.
A little early for pirate day (sept 19) but, I like it. Arrgh! Mr. Draghi, would you like me to show you a one eyed whale?
Nice head & shoulders pattern in both those charts.
Something big going down in next 48 hours!
break the previous highs, trend change.
"Markets" about to go green. YEAH, all is fixed again.
hope u all enjoyed yet again a v-shaped rocket pump of the Dow in the last 30 minutes of trading in London...
never seen that b4....
Financial Ebola. Wait till they start bleeding red ink out of their...
Somebody page those Clipboard buys.
I just dont get it, who wouldn't want a 1.6% yield on a ten year bond from either of these stable, economically booming nations. Seems like a fine investment to me.
When all the derivatives blow is when the SHTF.
Trillions of garbage.
The US taxpayer is on the line now for the loses again.
Let's see how people in the US tolerate getting stuck with trillions more in bankster bad bets.
The US is already bankrupt on a mark-to-market basis.
Yes, with the following modification...
"The earth is already bankrupt on a mark-to-market basis." - Fixed.
No derivatives will ever pay out! Let's see...pay them out and have the World economy crumble causing a global depression...or....change the rules and act like nothing happened once again. Use your head man!
"No derivatives will ever pay out! "
Ask yourself why the banksters modified the Crominibus bill in December so the US taxpayer is responsible for derviative obligations.
If no losses realized then no reason to modify and stick the US taxpayer with it. Jamie (JPM), Citi and a whole lot of other banks went through a whole lot of trouble for nothing?
They knew very well that it was getting close to blowup time.
When you buy Spanish bonds our minister sends your money to a Nigerian prince who promises a 500% return.
Your money is safe, chill
My Grandma is making millions every month shorting Italian and spanish bonds on the internet and you can too!
www.houseofcardsYomama.com
YUP,Derivatives,the 100 ton elephant in the room.
Cyprus,they kicked to the curb.Let's see them do that to Spain....
RISK.It is what's for dinner......