The EFSF As A Hedge Fund

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Thu, 10/20/2011 - 12:02 | 1793340 danger close here
danger close here's picture

Good god copper down 6%, es should be

Thu, 10/20/2011 - 12:06 | 1793370 dasein211
dasein211's picture

It will be. They kept this shit afloat for so long that when realization hits the panic will be epic. Gravity always wins. Be patient.

Thu, 10/20/2011 - 12:10 | 1793387 Smithovsky
Smithovsky's picture

Forget ground floor, how do I get to the basement?

Thu, 10/20/2011 - 12:12 | 1793396 cat2
cat2's picture

Guarantee deflation.  Wealth to buy PM is disappearing fast.

Thu, 10/20/2011 - 12:14 | 1793404 danger close here
danger close here's picture

Lots of money stuck above 1200; when this bitch drops, itll be a elevator

Thu, 10/20/2011 - 12:23 | 1793442 DormRoom
DormRoom's picture

SPX 1190 is support.. below that, and everyone/algos hits sell.

Thu, 10/20/2011 - 12:24 | 1793467 MillionDollarBonus_
MillionDollarBonus_'s picture

It is typical for selfish capitalists to only care about PROFIT. The EFSF is not a GREEDY hedge fund - the EFSF was created to HELP struggling countries for free because they are compassionate. This is something right-wing capitalists can't seem to understand. Not everything is about profiting. Sometimes the government needs to take peoples' money by force to make sure it is distributed fairly - otherwise nasty corporations will keep all the money for themselves. Gifted politicians and political advisors can be trusted to make sure resources are reallocated FAIRLY, for maximum freedom, prosperity and upward mobility.

Thu, 10/20/2011 - 12:29 | 1793489 Smithovsky
Smithovsky's picture

look, it's obvious to everyone here that you're only writing to agitate. someone says A, you say B.  it's getting pretty old. it would be fine if you actually believed it, then one could have a normal conversation with you, but you just love being a dick

Thu, 10/20/2011 - 12:47 | 1793587 fonestar
fonestar's picture

MDB just likes the attention.  The lame sarcasm is lost upon those on the Yahoo Finance boards...

Thu, 10/20/2011 - 13:05 | 1793682 Manthong
Manthong's picture

Looks like it's time for this gem again:

"I think it's called laughing as you sink."

Thu, 10/20/2011 - 13:12 | 1793705 Quixotic_Not
Quixotic_Not's picture

No worries, once OWS elects Obama/Stalin 2012 there'll be free money for everyone!

Who needs those capitalist barbaric relics of pigish imperialists - Gold & silver are for the 1% bourgeoisie!

Now, where is my red flag...

Thu, 10/20/2011 - 14:36 | 1794229 Motley Fool
Motley Fool's picture

It's satire and it's quite brilliant. Green from me. :)

Thu, 10/20/2011 - 13:57 | 1794003 11b40
11b40's picture

No question he loves the attention...but don't we all?

First time I ran across one of his 'contraian' posts, I spent 15 minutes on a pants-on-fire retort.  It was only after posting and continuing to follow the conversations that I realized I had been fooled....badly, too.

MDB is very well informed and very clever.  Otherwise, it would be impossible to thrust the spear with such expertise.  Now, I look forward to his posts, much in the way I appreciate WB7's socio/econo/political art.  In fact, maybe we should ask the Tylers to give him a masthead position from time to time ;-0

Thu, 10/20/2011 - 12:31 | 1793493 DormRoom
DormRoom's picture

@Million dude, I have Karl Marx bedsheets. I'm as left as you can get.


But a leverage EFSF is a vehicle for the French to recapitalize its banks on Germany's dime.  It doesn't solve structural imbalances.  It's another synthetic financial instument to redistribute wealth from taxpayers to bankers.  If Germany goes along with it, it's carte blanche for French banks to rape Europa in the future.  In the long run a leverage EFSF will likely hurt, rather than help Europeans, especially if you are German.

Thu, 10/20/2011 - 12:34 | 1793522 The Limerick King
The Limerick King's picture

EFSF = Euro Fraud Smokescreen Fund

Thu, 10/20/2011 - 12:45 | 1793575 lasvegaspersona
lasvegaspersona's picture


bedsheets...that's funny

Thu, 10/20/2011 - 12:30 | 1793506 slaughterer
slaughterer's picture

MDB is getting less subtle (i.e. "Gifted politicians") but his sarcasm is just as much appreciated as a Kliben cartoon.  (MDB = +1 from me, as always)

Thu, 10/20/2011 - 13:26 | 1793768 Lord Blankcheck
Lord Blankcheck's picture

You sure he isn't  Barry "TOTUS" Soetoro?

Thu, 10/20/2011 - 12:33 | 1793518 fonestar
fonestar's picture

No penmanship or prose.  You're not even funny.... just lame and pathetic.

Thu, 10/20/2011 - 12:39 | 1793542 Clayton Bigsby
Clayton Bigsby's picture

Judging from the other replies, this is actually the intended statement and not a satire?  Seriously?  How's the weather over there at Zucotti Park, deadbeat?

Thu, 10/20/2011 - 12:58 | 1793658 Don Birnam
Don Birnam's picture

Nah, it's simply his shtick here on ZH. Million Dollar is a veteran of the Borscht Belt. His routine goes way back.

Thu, 10/20/2011 - 12:42 | 1793553 Silver Pullet
Silver Pullet's picture

MDB sounds like a character out of Atlas Shrugged.

Thu, 10/20/2011 - 13:13 | 1793715 piceridu
piceridu's picture

MDB...keep 'em comin! You have me looking for your posts now. This lounge show gets better and better every night.

Thu, 10/20/2011 - 13:24 | 1793721 PersonalRespons...
PersonalResponsibility's picture


Thu, 10/20/2011 - 13:56 | 1794002 Random_Robert
Random_Robert's picture

"Gifted politicians and political advisors can be trusted to make sure resources are reallocated FAIRLY, for maximum freedom, prosperity and upward mobility."

-Yup, where are Goering, Goebbels, and Himler when you really need them...?



Thu, 10/20/2011 - 12:28 | 1793492 slaughterer
slaughterer's picture

SPX 1190 is maximum option pain for tomorrow and support.  It will be hit and maintained.

Thu, 10/20/2011 - 12:21 | 1793449 srsly-wtf
srsly-wtf's picture

Gravity wins unless you're a bubble filled with Helium or hot air, can't decide which is more appropriate here. 

Thu, 10/20/2011 - 12:24 | 1793458 MillionDollarBonus_
MillionDollarBonus_'s picture


Thu, 10/20/2011 - 13:22 | 1793618 Harlequin001
Harlequin001's picture

That's the most sensible thng you've said yet...

Thu, 10/20/2011 - 12:16 | 1793419 jdelano
jdelano's picture

this is brilliant.  My favorite post of the week.

Thu, 10/20/2011 - 13:29 | 1793781 doomz78
doomz78's picture

The dow and S&P 500 are rallying.. lol  What the hell is going on?   Maybe it's hope for todays european meeting. hahah  I dont know.

Thu, 10/20/2011 - 13:30 | 1793792 kaa1016
kaa1016's picture

Hang in there...

Mon, 01/16/2012 - 09:32 | 2068390 adrin
adrin's picture

That is a really nice read for me, Must admit that you are one out of the top bloggers I ever saw.Thanks for posting that informative article. Luton airport parking and if you are looking for some best deals on meet and greet parking services you can get easily but im sure you need to eat some delicious things for that you need to learn sushi recipes

Thu, 10/20/2011 - 12:05 | 1793366 Jim in MN
Jim in MN's picture

I can't seem to face up to the facts
I'm tense and nervous and I can't relax
I can't sleep, 'cause my bed's on fire
Don't touch me, I'm a real live wire

Psycho killer, qu'est-ce que c'est?
Fa, fa, fa, fa, fa, fa, fa, far better
Run, run, run, run, run, run away
Psycho killer, qu'est-ce que c'est?
Fa, fa, fa, fa, fa, fa, fa, far better
Run, run, run, run, run, run away
Oh-ho-ho-ho, aye-yi-yi-yi-yi, ooh

--Talking Heads, Psycho Killer

Thu, 10/20/2011 - 12:26 | 1793468 TheLooza
TheLooza's picture



AND FT Dutifully reports:

 - Private Investors Independently Evaluate EFSF fund for Participation

 - Investor To Potentially Contribute 243 Billion   [Random number that sounds like it is based on a non-random number]

And..Now we Do Melt up Dance.

Bring out the French Virgins for faucking!

Thu, 10/20/2011 - 12:34 | 1793516 slaughterer
slaughterer's picture

Well, if the "investor" with the $243b is our bath-tub letch from Omaha, then BRK will be downgraded in a week or two by at least S&P and Fitch (BRK owns Moody's).  (After all, Warren has some significant Euro investment).  But I suspect it is actually PIMCO.  

Thu, 10/20/2011 - 12:30 | 1793504 TJ00
Thu, 10/20/2011 - 12:41 | 1793551 Jim in MN
Jim in MN's picture

Either way, it ends up in 'Life During Wartime'

We dress like students, we dress like housewives
Or in a suit and a tie
I changed my hairstyle so many times now
Don't know what I look like

Thu, 10/20/2011 - 12:06 | 1793367 machineh
machineh's picture

I guess 'reflexivity' [pace Soros] and 'circularity' ain't the same thing.

Let's break the Bank of Europe! 

Thu, 10/20/2011 - 12:06 | 1793369 fonestar
fonestar's picture

And of course Gold and Silver sell off massively.  Yep, makes perfect sense folks, people are just anxious to dump their Gold right now!!

Thu, 10/20/2011 - 13:29 | 1793779 Lord Blankcheck
Lord Blankcheck's picture

margin rumors?

Thu, 10/20/2011 - 12:07 | 1793374 srsly-wtf
srsly-wtf's picture

The PPT draws a line at 1200 S&P it appears.....even if the music stops!

Thu, 10/20/2011 - 12:07 | 1793376 bnbdnb
bnbdnb's picture

I want whatever the EFSF is smoking.

Thu, 10/20/2011 - 12:07 | 1793377 Irish66
Irish66's picture

Nice way to understand this

Thu, 10/20/2011 - 12:07 | 1793378 The Limerick King
The Limerick King's picture



The EFSF is a fraud

A monster just like FrankenDodd

The Kleptocrat game

 Is always the same

They get rich while the sheep get the rod.

Thu, 10/20/2011 - 12:07 | 1793379 Village Smithy
Village Smithy's picture

Priceless Mr. Tchir.

Thu, 10/20/2011 - 12:08 | 1793381 Grand Supercycle
Grand Supercycle's picture

NASDAQ megaphone pattern on daily chart indicates big move ahead.

USD weekly chart remains bullish and as predicted for some time further dollar upside expected.

Thu, 10/20/2011 - 12:08 | 1793382 machineh
machineh's picture

'12:01 Last missing wild animal likely eaten: sheriff MarketWatch'


Thu, 10/20/2011 - 12:10 | 1793386 Sutton
Sutton's picture

A hedge fund created specifically designed to overpay for bonds.

Sounds like a Bernanke project.

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