Berlusconi's Last Stand

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Tue, 11/08/2011 - 10:10 | 1856097 transaccountin
transaccountin's picture

How in the world is Berlusconi’s resignation a bullish move for Italy ? As if the next guy will do anything about the debt.

Tue, 11/08/2011 - 10:21 | 1856140 Divided States ...
Divided States of America's picture

They been spinning everything as positive nowadays dont u see? News out of Iran and Syria rightfully caused Oil to go up but stocks also? Gimme a friggin break.Everything is seen half glass full and not half glass empty.

These fuckers now have gold trading in tandem with stocks...so now the last bastian of safety (in the form of gold) is under the control of the people manipulating the financial markets, these global central bankers. Me thinks that since correlation is almost to 1, they will take the markets down one time right after they put on a ton of shorts, which will then drive gold price down also due to the correlation to stocks and then back up the truck on the yellow metal.

Tue, 11/08/2011 - 10:24 | 1856155 IrritableBowels
IrritableBowels's picture

...half glass full and not broken glass.

Tue, 11/08/2011 - 10:45 | 1856244 LawsofPhysics
LawsofPhysics's picture

Paper gold is NOT physical gold.  All things paper are trending to zero.  Get physical.

Tue, 11/08/2011 - 10:21 | 1856141 IrritableBowels
IrritableBowels's picture

It was convenient.

Tue, 11/08/2011 - 10:11 | 1856104 Irish66
Irish66's picture

Downgrades?  Guess not after CNBC ripped Egan..wish he told them net, gross

Level 1, level 2

Can't we have the truth

Tue, 11/08/2011 - 10:25 | 1856159 disabledvet
disabledvet's picture

The New York City media has gone completely insane. If the control room told them the sky was black and the stars were green they would simply repeat it.

Tue, 11/08/2011 - 10:15 | 1856115 sabra1
sabra1's picture

as long as they give the illusion a problem is being worked out, the sheeple are all happy slappy, soon to be raped by janet napolitan look alikes! 

Tue, 11/08/2011 - 10:16 | 1856117 sabra1
sabra1's picture

Berlusconi's Last One Night Stand

Tue, 11/08/2011 - 10:16 | 1856119 nonclaim
nonclaim's picture

"Significantly, the rumours of an imminent resignation triggered a rebound-effect on the stock markets;"

Surely robots cannot be ordered to give this impression.

Tue, 11/08/2011 - 10:20 | 1856138 the 300000000th...
the 300000000th percent's picture

G pap and now Berlusconi. It doesnt matter, what ever it takes, by whatever means necessary. If you dont go with the status quo then your the next puppet that needs to be replaced in this great puppet show. They will just find some other yes man or woman to stick their hand up their ass and the puppet show will go on.


Tue, 11/08/2011 - 10:22 | 1856146 youngman
youngman's picture

I think The B has HELD Italy together...they kind of like the guy....when he goes ...it all falls apart...it was and is a rag tag group of tribes anyway....they still have now more expensive debt, higher expenses, and less income...not a good combo for any new government and leader.....lol.....

Tue, 11/08/2011 - 10:24 | 1856153 Raskolnikoff
Raskolnikoff's picture

I can't wait for cain's news conference this afternoon, I need a distraction badly.

Tue, 11/08/2011 - 10:27 | 1856168 disabledvet
disabledvet's picture

Welcome to Hell.

Tue, 11/08/2011 - 10:30 | 1856173 Mercury
Mercury's picture

So will Berlusconi resign, and what will it mean for Italy and the eurozone?

Mama Mia, hide your daughters.  Whichever way this goes for Berlusconi it will not be in a state of flacidity.

Tue, 11/08/2011 - 10:31 | 1856192 Dr. Engali
Dr. Engali's picture

Put in another fed puppet.

Tue, 11/08/2011 - 10:38 | 1856221 Ponzi Unit
Ponzi Unit's picture

Arrivederchi, Cavaliere!

I miss the lira anyway. Bank run, anyone?

http://globaleconomicanalysis.blogspot.com/2011/11/history-suggests-gree...

Tue, 11/08/2011 - 10:58 | 1856303 CrashisOptimistic
CrashisOptimistic's picture

Italy burns 1.7ish million barrels/day of crude.  At present Brent prices that is $71 billion dollars that leave the country this year.  Brent has been north of $100 all year.  This is real money they have to pay to survive.

Italian GDP is a bit under 2 Trillion dollars, and with -1% recession unfolding, it will be 1.8 trillion.  71B / 1800 B = about 4% of GDP drained out of the country annually to buy the black liquid.  That is one hell of a drag.

Everywhere.

 

Tue, 11/08/2011 - 15:00 | 1857550 earleflorida
earleflorida's picture

slowly, oh so methodically as the eastern  winds clash with the northerly gusts off the mediterranean, the maelstrom seems subdued,... 'all are in `the` calming before-the-cold- front'  - this ubiquitous alignment of utter ambiguity,... as the 'lead featherless gander's quill', writes one's own epitaph -

and so,... we have two fallen angels to partake as entrees' du`jour, served up  at the autumn feast where 'rspv' only is but a small price to pay in the grand dining halls of 'brussel`s' today - 

Mon, 11/14/2011 - 05:45 | 1874974 dida
dida's picture

I hope now, if Berlusconi resigned the things will return to normal in Itally, but I'm not very sure if this was the best decision. Cazare Rasnov

Wed, 05/23/2012 - 09:43 | 2454589 l.hauri
l.hauri's picture

I guess that this is a good news. I will follow your tips. how to lose weight fast

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