ECB's Stability Review: Seven Charts Of The Sovereign SNAFU

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Tue, 12/20/2011 - 06:30 | 1997008 richard in norway
richard in norway's picture

debt rollover bitchez

Tue, 12/20/2011 - 07:14 | 1997026 baten
baten's picture

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. 

Tue, 12/20/2011 - 07:47 | 1997043 youLilQuantFuker
youLilQuantFuker's picture

Ah, some excellent arb opportunities you say? Hummmm.

Tue, 12/20/2011 - 07:49 | 1997045 Ghordius
Ghordius's picture

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...

Tue, 12/20/2011 - 06:33 | 1997011 maxw3st
maxw3st's picture

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.

Tue, 12/20/2011 - 06:45 | 1997018 fcamargoe
fcamargoe's picture

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. 

Tue, 12/20/2011 - 07:52 | 1997050 youLilQuantFuker
youLilQuantFuker's picture

Do you spend your whole day splitting cunt hairs?

Tue, 12/20/2011 - 09:47 | 1997254 GMadScientist
GMadScientist's picture

He would if you'd stop moving.

Tue, 12/20/2011 - 07:58 | 1997054 Going Loco
Going Loco's picture

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". 

Tue, 12/20/2011 - 08:08 | 1997074 youLilQuantFuker
youLilQuantFuker's picture

What I enjoy is seeing the smarties mandate the /sarc tag because they cannot figure it out.

Tue, 12/20/2011 - 15:19 | 1998446 youLilQuantFuker
youLilQuantFuker's picture

I'm surrounded by stupid geniuses.

Tue, 12/20/2011 - 16:37 | 1998765 WhiteNight123129
WhiteNight123129's picture

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?

Tue, 12/20/2011 - 16:56 | 1998835 youLilQuantFuker
youLilQuantFuker's picture

Speak of the devil. I thought they would send 'Heywood Jablowme'.

Tue, 12/20/2011 - 22:52 | 1999863 fcamargoe
fcamargoe's picture

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. 

Tue, 12/20/2011 - 07:35 | 1997024 bpom
bpom's picture

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.

Tue, 12/20/2011 - 07:53 | 1997051 Ghordius
Ghordius's picture

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...

Tue, 12/20/2011 - 07:59 | 1997060 bpom
bpom's picture

The soap dodgers are frogs, the inventors of soap.

Tue, 12/20/2011 - 08:04 | 1997068 Ghordius
Ghordius's picture

both news to me

Tue, 12/20/2011 - 09:27 | 1997192 bpom
bpom's picture

New news that the Krauts have the strongest credit or that frogs are soap dodgers?

Tue, 12/20/2011 - 09:56 | 1997277 GMadScientist
GMadScientist's picture

Try the Babylonians ~4800 years ago; the French only developed perfume.

Wed, 12/21/2011 - 00:58 | 2000090 bpom
bpom's picture

Your're right.  Soap was born in Babylonia, moved to Arizonia, used by the gauls and shunned by the romans.

Tue, 12/20/2011 - 08:12 | 1997083 pineyard
pineyard's picture

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

Do NOT follow this link or you will be banned from the site!