Desperately Seeking Rumor Causing Latest Market Spike
In the past few minutes, the market, in true stung dog fashion, has soared without anyone even being faintly aware of what the actual news is. The consensus for the time being is that the primary driver of the latest bout of idiocy is the following BBG headline:
- GREEK PRIME MINISTER MAY BE IMF'S ROUMELIOTIS, NET TV SAYS
How this makes any sense we don't know. Supposedly the IMF being in charge of Greece will make losses to European banks even more negligible (and Greek austerity that much more austere) or something. We don't even pretend to comprehend this BS any more. Obviously we would say this rumor is total BS, but with Europe now a fully onionized continent, we prefer to keep our mouth shut.
What next: Donald Trump for new Greek president?