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Hang them all.
BlackRock's share price does not reflect fundamentals.
But in a few days it will.
Italy's fundamentals are that their massive debt needs a 30% haircut at least to bring debt to sustainable levels in perpetuity (coverage of interest payments). That is if nothing else happens to dissapoint. Oh... wait..... did I say 40% haircut?
Blackrock "is comfortable with intermediate bonds". That can't possibly be true.
Love the title of this post. Well done, gents.
"what happens if the spreads do reflect fundamentals?"
Declare it a non-credit event and apply some Mark to Myth accounting. All will be fine.
cant wait to see the blackrock bankruptcy filing to see how much they owe CNBC for pump fees
Mark to markets?!?!?!?!? Tyler..........when does that ever Happen?
Let those chips fall.....
Blackrock full of shit.
You didn't say 40%, I distinctly heard you say 60% my good man.
Mayday Mayday - BlackCock Down!
don't worry, maybe Dr. Bernanke will prescribe some Viagra for the unfortunate patient. :)
No kidding, they are going to really feel it. Over 7% and still climbing, they think that Italy will be bailed out but who will pony up the trillion or so to do it or calm the market?
Uh--anybody notice the reverse flash crash? Did this really happen?: http://finance.yahoo.com/q/ta?s=%5EDJI+Basic+Tech.+Analysis&t=1d
2nd week October: There's no way in hell the 10 year tops 6%. We're a buyer.
3rd week October: There's no way in hell the 10 year tops 7%. We're doubling down.
Btw, speaking of Erik Schatzker, does anyone else tend to want to beat his face with an iron mallet everytime he appears on the air? He's like a mutant SuperDouche.
'Btw, speaking of Erik Schatzker, does anyone else tend to want to beat his face with an iron mallet everytime he appears on the air? He's like a mutant SuperDouche.'
You're not alone, friend.
in this case.. it is not bro's before hoe's LOL - http://hedge.ly/gFWVSm
Blackrock = the new Lehman. I sometimes get them confused with Blackstone. More scum.
Nice work Tyler! Keep up this sort of exposure to the MF Global customer assets theft. For those who haven't noticed, the CME is stating that $80 million worth of COMEX REGISTERED gold and silver are unavailable for delivery due to the MF Global bankruptcy. Did Corzine use $80 million worth of clients gold & silver warehouse receipts as collateral for a short term $400 Million loan?
The only way ANYONE at MF goes to prison over this is if the MSM reaches critical mass and the public becomes outraged. Zerohedge can push this story to critical mass. Don't let up!
Yup. Keep forcing those MSM bitches to print bro'.
"BLACKROCK'S ROVELLI: ITALY SPREADS DON'T REFLECT FUNDAMENTALS "
They still use fundamentals over there? Trouble.
OMG just STFU ROVELLI
BLACKROCK'S ROVELLI: ITALY SPREADS DON'T REFLECT FUNDAMENTALS
Wow. That is not going to end well...
Nope, that's going to leave a mark.
Tyler...I think you just opened up one big-ass can of worms.
this is gonna be fun.
Blackrock respectfully asks the already compliant media (thank your for continuing cooperation, main stream media-government proxies of The Treasury & non-governmental but sometimes governmental Federal Reserve 'Bank'), and more likely, intelligent, inquisitive bloggers, backed with facts and data, to refrain from asking relevant questions pertaining to the compost heap of toxic assets it has accumulated en masse.
+1 Homerun TIS
HEY! Compost is useful! Italian bonds... not so much.
Obama and Al Waleed's US media.
Deeper. Let me shove my head deeper into the sand. Eventually I will see no evil, hear no evil, and you won't be able to hear me speak it either.
But your butt will be sticking up in the air. Hmmm.
this would be great cartoon.
multiple ostrich heads (all the usual suspects Fed, IMF, ECB, etc.) poking out of the ground in china and one of them says, "hey guys, umm, do you think it's time to acknowledge reality?"
Can we have some numbers with that?
SHOW ME THE MONEY!!!
The power of ZH.
It is becoming greater and greater. Frightening and enlightening at the same time.
"You shall know the truth, and the truth shall make you mad"
Enlightening is the MO. Frightening? That's relative.
you kick ass tyler...awesome..
BlackRock - the Joe Paterno of Wall Street.
All that's happening is predictable, as there are 7 stages that every major economy goes through. Those who know how it works profit & massive wealth is transferred to them. Several months ago I learned this information from a millionaire whose site I found & am sharing it with everyone I know. His free video
"How To Create Incredible Wealth in Today's Economic Crisis"
is at: http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bid=290b868b&chan=y Hope this info helps everyone as much as it has me. Dr. Nancy
Please pedal your pablum somewhere else.
Clearly you have lost you way on this very confusing internet. Its a series of tubes, you know.
Thank you, Dr Nancy- you're a breath of stupidity in a sea of enlightenment;
You're why I remain short.
Actually, I think remaining short has something to do with growth hormones.
she found a millionaire. The dream of a professional whore.
MMmm, spam. delicious.
I will sign up just to protect all the money that the Nigerian Minerals Minister is going to deposit in my bank account.
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