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Stocks Slide As Europe Talks Back Its Greek 'Bailout Extension' Trial Balloon
Having achieved only modest gains in risk assets from the 'rumored' six-month-extension trial balloon for Greece, it appears European leaders are standing in line to refute the fact that they "folded" and talk back the non-bailout bailout. First, Italy's FinMin Padoan denying he has seen any plan; then the European Commission stating unequivocally that "there is no formal proposal," and finally none other than Jeroen Dijsselbloem bleets that "discussions with Greece have yet to start." But apart from that, everything is fixed...
Italy's FinMinPadoan denies...
- *ITALY'S PADOAN SAYS HASN'T SEEN ANY PLAN YET FOR GREECE
- *PADOAN: DISCUSSED LONG-TERM STRATEGY ON GREECE WITH VAROUFAKIS
- *ITALY'S PADOAN SAYS WE'RE ALL WAITING FOR TOMORROW ON GREECE
- *ITALY'S PADOAN SAYS GREECE IS ON RIGHT PATH
Then the European Commission pops the trial balloon...
- EUROPEAN COMMISSION SAYS THERE IS NO FORMAL PROPOSAL FOR GREECE BUT TALKS ARE INTENSIVE
Then Diesel-Bomb chimes in...
- *DIJSSELBLOEM SAYS DISCUSSIONS WITH GREECE STILL HAS TO START
- *GREECE MUST BECOME FINANCIALLY INDEPENDENT SOON: DIJSSELBLOEM
- *DIJSSELBLOEM WILLING TO COOPERATE WITH GREEK GOVT
* * *
Markets appear to be realizing..
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Ze Commission proposes.
Mutti disposes;)
Nothing like a bit of political theatre to start the day.
.gov loves talks on talks about having talks ..makes a nice secure job never solve anything that is what they avoid, to keep the talks going and paychecks and bribes flowing..
We gonna talk to some folks...gonna need about $1,000,000.00 check for travel expenses.
Now they're handing out scratchcards like confetti. All it needs is someone in Greece with a coin to scratch them with.
Look , a weather balloon!!
never gets old
http://www.openminds.tv/wp-content/uploads/US-Air-Force-UFO-Chart.jpg
Not much of a slide.
Here comes another ten trillion in Yellen Bux.
"The force is very strong on this one."
as I understand it the agreement is that 5 billion periodically shows up in greece's banks and no one notices or makes a big deal out of it.
Where in the hell do you see stocks sliding?
Geez.
It is about as fixed as a dog getting fixed.
Educated Refined Cultivated...meet Eugenia you cocksuckers!
Love you long time.
chain store sales for week ending february 7th sucked per Redbook and Goldman-Sachs ... but with a NEW twist ... not 1, but TWO excuses.
(from MNI)
GS - with the old faithful:
"The Retail Economist-Goldman Sachs (TRE-GS) Weekly Chain Store Sales Index declined by a hefty 2.1 % compared with the prior week for the period ending Saturday, February 7, which is the first week of the new retail industry fiscal year . On a year-over-year basis, sales advanced by a sluggish 1.9 %, which was its weakest gain since mid-December.
Michael P. Niemira, chief economist of The Retail Economist, LLC, observed that "February is a low volume month for retail sales, which makes it more susceptible to volatility from Mother Nature - which affected the industry' s business during the past week - and consumers' timing of their purchases. " Niemira added, "
Redbook (wtf? game didn't start till 6:30 est ... plenty of time to spend on party supplies):
"The Johnson Redbook Retail Sales Index was up 2.1% in the first week of February. Month-to-date, February was up 2.1% compared to February of last year (relative to a revised target of a 2.8% gain). Month-over-month showed a 0.2% gain versus January (relative to a target of a 0.9% gain). February is a four-week month on the retail calendar, ending on February 28th.
Customer traffic and sales slowed Sunday due to the televised coverage of the Super Bowl which diverted consumer's attention."
Liars. Figures.
Also, here in Denver, the weather has been great. That must negatively impact retail sales because people are too busy enjoying the outdoors to buy stuff. I think a February temperature around 35-40 degrees F is ideal.
You have 24 hours, make decision or else! OK, now you're pushing us....you have 1 week to give in, or else! Alright alright....now you have 6 months! Make decision, or boom boom time! What's that....you're getting money from China? OK OK....6 years....not a minute longer, make decision or else!
fuck zirp and qe
It's Greece; they're still not done fuckin donkeys, their uncles, random strangers in the men's changing rooms and small boys.
Reads like the GOP.
Fuck'en clowns all they are doing is gaming the markets...an epic scam.
lol...It's like watching kids play checkers.
MBA comes out with weekly mortgage application index tomorrow (for last week) ... no doubt it will be ugly ... and with spring home selling season just around the corner.
I bought a 'Greek-style' yoghurt today.
It was empty.
smoke and mirrors.... same as it ever was....
WHERE THE FUCK DO YOU SEE A SLIDE YOU STUPID MOTHER FUCKER????????????????? That's doing the same shit the american media does..... LYING!!!
We trial-ballooned some folks...
Drizzle, drazzle, Dijsselbloem
Time for this one to go home.
https://www.youtube.com/watch?v=hTH0b_90cUA
"Help me, Mr. Wizard!"
For a minute there, I thought the US was going to have to invade and bomb Greece. I guess that's in the plans if they can't work things out. After all, can't screw the banks over now, can we?
What a sorry bunch of stupid fucks, all of whom would know that you always keep your mouth shut going into a negotiation if they ever had a real job.
HSBC Swiss Leaks: Greatest Extortion Opportunity of all Time:
http://winteractionables.com/?p=18339
Can anyone tell me what any of this means for US based consumption that reportedly affects stocks?
The DOW shot up 100 points based on an assumption something happened in Greece?!?
Of course it shot up 1000 points over a few months the last time Greece was "fixed" as if it had anything to do with the fundamentals of the economy.
Why not though. Go ahead and add another billion to Amazon's market cap based on Greek news.
This is why people have lost faith in the economy. They see gas prices jump $.35 in one day, and there is no reason for it. Gasoline futures don't trade based on the true market for the product. They trade based on whatever a computer program sees as a reason to go up or down. Non interconnected events somehow become connected in the mind of a computer algorithm. All of a sudden gas prices surge 20% even though the underlying data shows prices should continue to fall.
Ypu get stories that gas prices are going up because California is changing from winter gas to summer gas. CALIFORNIA DOESN'T USE WINTER BLENDS OF GASOLINE. The anti smog laws don't alow dirtier blends of gas. That is one reason why gasoline in California is more expensive all year round.
Just Rothefeller buying up the world with more fake stolen ones and zeros. They must have an army of hackers (homing pigeon of the 21st century). Ahh....the Britsh where destroyed at Waterloo ..... everyday