Daily US Opening News And Market Re-Cap: October 24

Tyler Durden's picture

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lolmao500's picture


European Union leaders on Sunday agreed to change the bloc's treaty if necessary in the interests of economic convergence and discipline, EU president Herman Van Rompuy said.

"We decided to explore the possibility of limited treaty change," Van Rompuy said. "The aim is deepening our economic convergence and strengthening economic discipline."

stopcpdotcom's picture

What underhand plan are these crooks up to now?

reload's picture

The plan has always been to use the `crisis` for the ends of the EU -Commission - now they will seek to move quickly to establish fiscal governance over EU members in the traditional unaccountable manner. No doubt any treaty changes will be trifling enough that none of the peoples of europe get any say in the matter.

ivars's picture

This was a productive weekend!

I think I finally managed to match them! Of course, crash (mimicking recession in q1 2012 in the USA and probaly worldwide) is there for all to be seen:

Now I have a really superb forecasting /history study interest tool . Have a look at exercise behind matching GREAT DEPRESSION and GREAT RECESSION timelines for the first time ( once  I managed to patternalize ( ?) OUT FED's grip on USA stock market prices)  and, as usual, better visibility charts plus explanations here:


And here:


The supplement chart for rereading the history of GREAT DEPRESSION and rethinking the future as time line can be extended as well:




jmcadg's picture

Which major emerging countries are going to be attracted to throwing their money down the hole that is the EU. Tools the lot of them.

lolmao500's picture
German government source says full parliamentary session to vote on EFSF leverage models on Wednesday


You know what would be nice? If they said FUCK NO!

MFL8240's picture

Tyler, Can I get your help?  I cannot understand how Gold and Silver are now being decribed as risky assets, can you explain? Seems to me the real risk is in the US bonds and dollar.

YesWeKahn's picture

"Kocherlakota said there could be a need for more Fed bond buying if the US economy is hit by an adverse shock or deflation and is not immediately opposed to buying MBS."


I don't think they can call it "buying". They are stealing because they have no money to buy. Printing money from their asz doesn't qualify as having that money the first place.