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This isn't the liquidity problem you were looking for, move alone... move alone...
Massive spike in the reverse repo agreements with the Fed, too.
Euribor spike + reverse repo spike = massive fear among baning establishment.
What do they know that the hopium-addicted market doesn't?
And yet, if the volume is low, those cute, lovable algos will rally us off the morning lows. Insane.
You know it will be, especially with TPTB doing everything that they can to interupt public trading today.
Yes, really strange how there is such a liquidity problem with billions of central bank money flowing arround in the system
Not really all that strange.
The CBs print and give it to the banks.
The banks sit on it, and it goes absolutely nowhere.
The CBs can keep shoveling the ones and zeros down the network pipe, and the banks digital vaults open for the stream, andthen lock up tight thereafter.
This will continue until it cannot.
They didn't print enough, they have to print more money!
Shit is about to get very real....
Oh, I think we still have a way to go. Tune up the sovereign credit crisis to its highest pitch, throw one big bank failure into the mix, and then stand back. Until then it will at least seem plausible that all might be well.
I gotta fire up charts of the TED and other spreads leading up to Lehman....
You cannot predict the exact moment of implosion, but I give it 2 more weeks, tops, before something gives. Think of Greece being the equivalent of Fannie and Freddie going into conservatorship
I think Greece has enough money until October 17
And enough ouzo until the 18th
All your blowouts are belong to us... make your time!
Surprised no official GRE default over weekend. For serious, how much more can that country bleed. Will we see their CDS be the first to reach 10k?
Anyone know what their payment schedule is? No one loses their house to the bank before the mortgage payment is due so Greece won't default until they have a payment they can't make. When are the next glops of their life blood due?
There is no European bank liquidity crisis. The ECB has told us so.
Hey, does it smell like smoke in here?
I feel some liquidity in my underpants
"You shall not PASS!"
But...but.....but.....I thought that asshole said "Boring world we live in"
It's funny, the other day he implicitly accepted the fact that Greece would default as part of his "boring world" crap.
I think his sense of boredom has driven him to amazed silence...
Don't worry the PPT are hard at work at this very minute pumping futures
OH LORD !!! Some good news....so that I can short from a Higher level as soon as possible
This expalins why Gold is down in the Chicago sewer.
The talking heads on CNBC are shocked...SHOCKED...that markets can actually go down.
"Um, did a cow shit in here?" -- ECB bank vault + worthless euro confetti.
Jamie Dimond is crying means we are getting closer to the truth.
dimons are forever, bitchez.
The Morning Careless Whisper Report
German Minister: Greece Must Be Forced To Fly Its EU Flags At Half-Mast In Shame
NYC Potholes Go Unfixed; Bloomberg Officials Classify Them As "Street Defects"
China Government Calls GM's Hummer "Gas-Guzzling Junk"
Pilot Scared, Tells NORAD To Scramble The F-16s; Hetero Couple Joins Mile High Club In Very Long Romp
Florida Judge Upholds Right To Self Defense In Home
Dad: Too Much Detox Killed Amy Winehouse
Illegal Pesticides Found In Chinese Vegetables
DANG! So Amy Winehouse had too much blood in her alcohol/heroin system?
Gas-guzzling junk.... yeah, I'll go with that.
Hell I could have told China that before they bought Hummer, theyre junk behemoths not much good for anything at all and anyone I know who owns one is a complete jerk.
Have you noticed that all H3 drivers are small blonds ?
Still not as good as the biohazard alert which was called when BA (I think) staff discovered a mysterious white powder on a toilet lid in a plane flying (iirc) NY-London during the anthrax scare.
Seems similar to poor Keith Moon's death.
drizzle drazzle, drizzle drone time for europe to explode.
Is anyone else having problems with ZH loading super slow?
No, but GRE is
Bernank needs to be strung up with piano wire for sending $1 trillion bailout to Europe, down a black hole. Its bad enough he did it here, but sending it to Europe is outright treason.
OK Bernank now you have 8 days until D-Day, what are you gonna do fuknut? Just sit there and pump futures? Thats all ya got?
Not to worry. Everything is under control. The only problem I can see is the assuredly temporary USD strengthening crisis. I have full faith however that the authorities are all over that one.
LAST STOP, THE END OF THE LINE!
PLEASE MIND THE GAP!
So 3 month LIBOR is higher that the 2 year note....
Shit like this always ends well...
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