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debt rollover bitchez
Man, I dont know - everybody and his dog is predicting a collapse in the first part of 2012, so much so that I am starting to believe that the actual contrarian view is that nothing will happen.
Ah, some excellent arb opportunities you say? Hummmm.
excellent point and excellent avatar
No, I expect more turmoil. With all this cash sloshing around everybody and his dog is going to short something until it breaks. This "something" varies according to the fashion of the month, of course...
Excellent overall review of the year to come. Charts are most helpful in graphically demonstrating the issues. Covered bonds and senior unsecured debt seem to present the greatest challenges.
Tyler great post just a comment regarding the first point on "negative feedback" loop between public finances, financial and economic growth; the reference is completely wrong. What they are describing is a positive feedback loop as each variable contributes to the other and function by the power laws. Idiots. This was written by intelligent people with knowledge of math and I would assume at least some vague understanding of non-linear dynamic systems which they are referencing.
Do you spend your whole day splitting cunt hairs?
He would if you'd stop moving.
Lack of understanding of basics like this is just par for the course. The MOST astonishing thing in all this is the level if incompetence and ignorance among the governing classes. When I read about the lack of a proper term sheet for the first iteration of EFSF... and the mission to China to try and get them to sign up to an undocumented bailout... and the foundation of the bailouts being capital and/or guarantees from bankrupt entities... I realised that those in control have lost control and haven't got a clue what to do next. Not a clue. They are absolutely clueless.
I just read the comment above mine. I do love the dichotomy between intelligent perspicacious comments on ZH, and profane idiocies such as that posted by the utterly execrable and curiously named " youLilQuantFuker".
What I enjoy is seeing the smarties mandate the /sarc tag because they cannot figure it out.
I'm surrounded by stupid geniuses.
Your problem is not to be surrounded by stupid geniouses, or just by people for that matter, but to be surrounded by yourself. ... Does it feel vacuous?
Speak of the devil. I thought they would send 'Heywood Jablowme'.
Hey calm down where's the holiday spirit. Ran out of moonshine? Out of sniffing glue? Chill no one is perfect u can learn also from the mistakes from others as from yours.
The first chart clearly shows that compared to the Soap Dodgers, Belgies, Spitalians, etc., the Krauts have the best credit, excluding the Limeys of course - SUSFU Charlie Foxtrot.
Who are the "Soap Dodgers" supposed to be? Go and crawl back beneath your usual rock until you realize that your national slurs are idiotic...
The soap dodgers are frogs, the inventors of soap.
both news to me
New news that the Krauts have the strongest credit or that frogs are soap dodgers?
Try the Babylonians ~4800 years ago; the French only developed perfume.
Your're right. Soap was born in Babylonia, moved to Arizonia, used by the gauls and shunned by the romans.
Thanks for the LINK ... I will study it in detail
But ONE THING in my opinion is ALSO in its place to say here after having scimmed the Report : and that is what a SOBER and STRAIGHTFORWARD REPORT , outlining facts as the are ... GREAT JOB ,, from the European Central Bank .. and in STARK CONTRADICTION to the SMOKE SCREENS issued by its equivalent ..The FEDERAL RESERVE SYSTEM
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