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Greek Delegation Leaves EU Commission: No Agreement Today
So much for a Greek deal getting "done" today, as the market had priced in for the nth countless time on Monday. Here is what happened moments ago according to Bloomberg and Reuters:
- GREEK GOVT SAYS CAN'T ACCEPT PROPOSALS SUBMITTED TODAY
- GREEK DELEGATION LEAVES EU COMMISSION
- SCHAEUBLE SEES INSUFFICIENT PROGRESS FOR GREECE DEAL TODAY
- SCHAEUBLE SAYS HE DOESN'T HAVE MUCH NEW TO SAY ON GREECE
- BELGIAN FINMIN SAYS: IT CAN'T REACH DEAL TODAY, WILL SEE IF CAN GET SOMEWHERE TOMORROW
- STUBB: WILL BE `POSITIVELY SURPRISED' IF WE GET A DEAL TODAY
From the scene of the ongoing crime:
Eurozone official says there was not much progress in meeting w/@atsipras. "#Eurogroup will be short." #Greece
— Peter Spiegel (@SpiegelPeter) June 24, 2015
And so on, until the next round of buying ahead of the next rumor, until the next denial launches stocks even higher, ahead of more hopes of an imminent deal launches even more buying program, until the next round of rumors leds to new all time highs and so on, and so on...
In fact, here is the best summary:
Our government is pretending to screw us to cheat the Germans who want to screw us, but the Germans don't buy that, so it has to screw us.
— ????? ????????? (@Obscureobjet) June 24, 2015
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I bet that commission had a great, catered lunch.
Back in my corporate days we used to judge the architect's quality of work by the lunch they brought us contractors. I bet those bankers aren't any different; maybe used to a better grade of caviar, maybe, instead of a fresh mozzarella like us, but just the same.
I hear they used a Recipe left over from the Spanish Inquistion.
Oh my Goat! No deal?
Who woulda thunk it?
Opa? Oy? ;-)
Looney
They have 5 weeks at a minimum. Guaranteed they'll get something hammered out in time.
do it in the cover of the summer lull when politicians are on holidays and nobody is paying attention...?
hey the fed cant sell into just one rally, they need several to get out of all their equity holdings.
Never mind the market fundamentals, those ugly facts concerning profit and loss and supply and demand. For to watch your investments, you have only two areas to keep in mind: Janet Yellen and the Rates and the ever-present Greek Crisis. Will She raise interest rates a tiny fraction or will Madame Legarde and the Greeks meet their flexible deadline?
Fool me once, and fool me every day - cause the insiders with their inside information will always know which way Yellen and surely must know which way Legarde. It's all in the family.
Maybe Greece can start selling Chinese Umbrellas from a Grilled Cheese truck?
pods
can we stop posting this non-news?
it's the same as ebola - it's nothing
Yes. Nothing much has changed since I made the greatest financial video of all time, bitchez.
The Distance bewteen Greece & global financial Collapse.
https://www.youtube.com/watch?v=SM_qi29K31g
It's amazing how Ron Klain called his tribe buddies that own the media and cured ebola apocalypse overnight.
Sorry folks,
but due to the slowest shitting of the bed ever,
we will have to keep interest rates
at 0% until NASA returns to the Moon.
I know return you to your regular programming of
'Caitlyn Jenner & Kim Kardashian discuss the Confederate Flag problem.
Followed by Neil Degrasse Tyson's COMOS 2 - The Carbon Tax solution'.
Returns?
sick and twisted society we have
propagated by a completely souless media and political class
many ways lead to Rome's .... death
The EU mutual masturbation society is in a deadlock over who gets jerked off.....
If they had any brains, a circle jerk would be a most equitable solution. Unfortunately, Greece is not a team player. They prefer to be in the middle of the circle, and be the recipient of a bukkake barrage.
Someone finally invented a perpetual motion machine.
More like a perpetual bullshit machine.
This is a science experiment so we all know what herpes feels like.
There might be some time that goes by when you dont think about it, but eventually, that itch comes back.
pods
Like the conference room is actually in free fall and the kicker will occur in a few weeks, during this Inception.
Tsipras might get a Submarine sandwich named after him...the Greek meat-ing between Legarde, Junker, Putin, some Merkel Jerkie, spread with Hollande sauce..
dax, cac, ftse all go down 10% into friday, ECB covers their short, flips & goes long (gotta pay for this bailout somehow) ... IMF announces deal friday sometime before U.S. open ... ECB closes out long on the pop friday, before the european close, all ministers head down to amalfi coast for gazillion $ bottles of Italian wine,
food, and fuck-fest ... pat themselves all on the back while lower & middle class fights for scraps in the streets
The markets still have not given back what they gained when the false rumor that Greece was resolved hit last week!
The deal rumor helped the banks offload their crap to retail.
Retail isn't selling quite yet. Retail will sell at the bottom and never look back until the next ATH.
Buy on the rejection, sell on the next proposal. You can make a mint as long as the proposals keep coming. If Tsipras doesn't have a trading account somewhere where he is doing exactly that with 100X leverage, then he is missing huge opportunity.
In the words of:
https://www.youtube.com/watch?v=bS3O5zg290k
fuck the eu
fw little it may be w - I think we all need to worry more about this TPP and fast track.
http://www.nytimes.com/2015/06/24/opinion/president-obama-must-use-trade...
But as to Greece - jeezus, just default and leave the eurozone already.
The EU was a good idea immediately ruined by the usual suspect bankers and economists and Europeans' own insatiable love for bureacracy.
http://redefininggod.com/2015/06/globalist-agenda-watch-2015-update-42-t...
They only work part time, so what's the big deal?
Time has come Today. ...but could drag out weeks.
https://www.youtube.com/watch?v=uHfB63ln1Ig
Funny, this mornig "IMF no deal" eur up, now "Greek no deal", eur up.
This market is ridged !
I know nothing.
https://youtu.be/rNeM7mXdXwI
lmao.
the EU = SNAFU
they've FUBAR'ed UE, GR and now each other with the RU sanctions.
it's time too pack up the tents in Brussels.
throw the EU bums out of europe and let each country fare for itself.
most of them belong to the ussa anyway.
A few honest Greek democratic politicians have rendered the "Toika" a barbarick relic.
US frontman IMF done. EU about to collapse with Germany leaving the union soon to be followed by Spain, Portugal and Italy.
A debtfree Greece will will get a chance to become successful again.
"EU about to collapse with Germany leaving the union soon to be followed by Spain, Portugal and Italy."
We can dream...
Really ?
https://www.youtube.com/watch?v=GGTHs6LNwnM
So it is just a mondial game show ??
Stocks rise on expectation of a deal tomorrow.
Viagra consumption increases down on Wall street.
Stocks rise again on possible deal on Thursday.
More Viagra.
Stocks rise again on possible deal on Friday.
Additional Viagra supplies to Walls St.
Stocks rise again on possible deal next week.
Viagra weekend.
I dunno - it's all Greek to me....
It's a Troika dictatorship in an obvious effort to crush all earo (pun, they're NOT listening) union opposition, including any idea of leaving the earo union. Spain and Portugal are watching, so the Troika-Dics haff to play rough with Greece to discourage any anti-earo temptations....like accept a default or we'll exit-type threats.
Brinkmanship games
I still think Grease should call the Troika bluff, enlist Russia-China help in every form and make an earo exit. Let it blow up in the Utopians' faces....
...and in the first turn it's "Fed Raises Rates" by a nose, inching past a waning "Greek Issue Resolved"...
Tsipras accepts Merkel as his Boss but Merkel wants him to resign...
Tsipras refuses to resign but wants Merkel to agree with him...
Merkel agrees that Tsipras can stay but Lagard wants him to resign...
Merkel agrees with Lagard but wants Tsipras to accept her as his Boss too...
Tsipras accepts both Lagard and Merkel as his Bosses but refuses to resign...
(next episodes tomorrow)...
Schäuble and his stereotypical Black-Forest stubborness might turn out inadvertantly to be quite the hero for Greece and by extension, Europe.
We'll be celebrating Schäuble day in Greece like the Japanese venerate Deming
All the hype of "a deal" was just to slow the bank run.