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European Rumormill Goes Full Retard
Update: Italy Hasn’t Asked for Any Help From China, Deputy Min Says... Yeah. Full Retard
Wondering why stocks are soaring and the EURUSD is above 1.37 again? Why, nothing short of the latest rumor, this time that Russia will bail out Europe. Bloomberg reports that Russia may use its international reserves to buy common euro-area bonds if European policy makers back joint debt issuance, Reuters reported, citing an interview with Finance Minister Alexei Kudrin... Sorry, we just report them. Time for the trader diary to get its latest update. The only problem we see with this strategy of rolling daily bailouts is that after China and Russia, who would be far smarter to participate in a stalking horse bid of European assets than to invest general unsecured pre-petition claims, there will be nobody left to "rescue" Europe: after all who else is out there? Zimbabwe? Japan? Argentina? Iceland? We doubt even the 80286's will buy that...
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It's sad how rumors are the key triggers. Shitty rumors at that too.
Kinda miss the old predictable Pomo days compared to this.
current account balance surplus nations may try to assist Europe until 2013, when the permanent European extended facility can take over and provide an 'orderly default' for the South. Not doing so would create huge dislocation in global markets. And as any political economist will tell you, huge dislocations in markets tend to lead to wars, and regime change. Not good for the status quo.
There are so many fingers plugged into this soggy dyke, Central bankers need to start wearing a uniforms of something like that traditionally worn by dutch-boys and girls. Clogs. Lots of clogs.
I think all these desperate rumors and volitility are a sign the end is coming within the next few weeks or months. October seems to be the month for crahses, maybe then.
I agree. These rumors are trying to pump the market for some real bearish news coming down the line.
Hey, this is offensive, I've known retards that are smarter than that!
Question: Will China bail out the world?
Answer: No — they will try to when asset prices have dropped a lot more, but that will be too little, too late.
http://azizonomics.com/2011/09/12/will-china-bailout-the-world/
Icann?!
PLEASE PLEASE PLEASE
make a graphic to depict full and partial retard mode....
Junk me all you want -- the Fed will ultimately bail out Europe and Pomo devalue the US debt.
And so sorry, they won't let you pay off your mortgage with a gold coin. They'll change the rules somehow to break that trade. Rant and rave all you like about guns and revolution, but it'll just be a slow decline like the last 30 years were.
You would be certainly correct if the US had total control over the situation, but there are factors at play here much greater than the US or it's Bilderberg overlords.
Given that we are in an inherently chaotic and unstable world, I'd put the odds of slow decline at closer to 50/50. But that's just me.
China buys Europe.
Russia owns Europe.
These sort of things lead to greater wars.
"2013 facility" another magic wand? Will it fix the problems? Or encourage Extend and pretend credit junkies?
I beg your pardon but it's the USA that owns Europe but not for long anymore.
Based on what was said. But yes, I should've clarified 'to own?'
No, China won't bail the USA out.
This article was interesting:
http://theeconomiccollapseblog.com/archives/20-signs-of-imminent-financial-collapse-in-europe
Half life of this one..... 7.5 minutes..
It really is pathetic watching this shit show. The EU can't be bailed out, it's too late and too expensive. No one willingly puts their head in a guillotine.
You guys still don't get that the UE and the Eurozone are two different entities.
I'm thinking more like SS uniforms all with "I heart Joseph Goebbels"" pins on the collar.
and God knows they've acted wisely up to this point. The system is bursting from too much debt chasing too little resource. THe status quo can not prevent it given they were its creators.
That's like saying you shouldn't put out the fire in a neighbour's house, cuz they were the ones that started it. Regardless, that fire can spread to your house, and consume your family. Put out the fire first, then solve the structural problems. That's the lesson of Lehman.
No I'm saying we've used up most of our water and our economic systems have made and sold too many claims on the aquifer. Most of our wealth is abstract digits with claims on the future that are based upon lies about growth and natural resource. This point in human history was probably innevitable and dangerous.
And what has been done to fix the structural problems since Lehman? Throw more debt at a debt problem, try to solve an insolvency problem with a liquidity solution. It has worked to delay the inevitable, and in doing so, exponentially increased the ultimate destruction that will occur.
Great plan, let's do it some more.
of course they 'may' try and help.
but more likely, they will try and help themselves. they will only do things to milk these countries for control over their resources, for guarantees of long term consumption contracts, and for capital expenditures, or forkovers of utlitity control.
why wouldn't russia have helped belorus out of hyper inflation? because russia is probably strategizing to take advantage of its neighbor directly in the wake of their collapse ( currently happening) .
you may as just well say russia ( speciically ) and china ( less specifically ) would try and take advantage of the west by deliberately causing market havoc.
the truth is that they will "help" or "not help" or "bungle" only in such a manner as helps themselves.
whether or not the situation is pareto optimal , or zero sum, is a complex matter and you need the true and complete set of information about china's stakes to know the answer with regards to each choice or possible course of action they may take with respect to the western countrie's demand for bailout money.
the rub is that only china really knows the true and complete set of infromation about its own stakes. in the game of nations each nation is in the best position to know what he risks losing or gaining.
as much as i hate bankers, if there is to be one world order without global scale warfare.......one would hope that each nation would be reasonable enough to prevent the utter financial collapse of militarily threatening countries.
i.e. this is why the u.s. sent billions to russia post soviet union collapse. not only to stabilize and safeguard the nuclear stockpile, but generally to help bring them into the capitalist 'fold'. i can't say russia benefitted all that much. but only the cia and a few others really know how all this money was used.
Getting closer. You are almost there.
I think Russia will help because Putin is a nice guy and wants to do the right thing - helping out a fellow white brother in need. With the Chinese breathing down their necks - we Christian Anglo countries need to stick together and lend a helping hand.
I hear Zimbabwe is offering a cool trillion to Europe. Everything's going to be okay.
I thought they were offering 400 septillion new Zimbabwe dollars to buy Italian bonds today???
Hey don't laugh it off. Every bit counts, a few quadrillion Zimbabwe dollars here and there, and pretty soon it starts to add up.
My 486DX4 will make a bid! still faster than a russian trader on vodka.
The martians are coming
Krugman will be pleased.
This just in! Grey aliens offer to buy greek bonds with their platinum currency. Gold prices tumble $100. EURUSD now at 1.60. Unicorns and rainbows engage in spontaneous celebration all over the world!
Really, if we just sink enough benjamins into the war vs. the martians effort, we're home free. Economy will be on easy street. Seriously.
Next rumour - Greece will bail out Italy!!!
Greece has already bailed-out German and France banks, so I see no problem with Italy!
I think that was bailed ON German and French banks, but why be picky?
I think that was covered by those two British comics. Forget their name and link.
Clarke & Dawe
http://www.youtube.com/watch?v=5D0VhS8qXT0
I almost pissed myself. +1000 greek bonds
correct or should I say: caaarr-wrecked
Never mind. WCGW beat me to it.
they are aussie
I can't understand why some entity somewhere hasn't simply borrowed against the IOU that are in the Social Security unlocked box?
You never go full retard! Com'on Simple Jack, you belong to Flaming Dragon now!
Me thinks its fLaming dLagon
fRaming dLagon!
The rumors are working for the nano-second. Looks like the abysmal volume means every trader is afraid to take either side of the bet without hedge, stop losses, etc. in place because one wrong move....
And your down 5-10%....or up 5-10%. So naturally while everyone is afraid to place a bet--no volume--you can count on the market rising on vapor volume with "other" asset help from Fed balance sheet.
pure desperation and they are running out of rumors and distractions.
...true but the desperation has levitated the market 3.5% since yesterday's lows. Every time it looks like the world is a step from falling apart....go long. That will work until it doesn't.
Or...simply wait for PMs to dip on the hopium and...you guessed it...BUY THAT DIP!!
There's more clue in a can of ravioli then in these algos...
perverts.
Logically, the next rumor will involve Prince Walid of Saudi Arabia.
I googled 80260 expecting it be the postal code of Connecticut or Manhattan
286,386,486.... Microprocessors from old pcs
I thought it was the name of an AlgoBot? Too lazy to Google anything except German shizer porn which, contrary to conventional wisdom, isn't all that rare and more like an everyday thing from Merkel and the gang;)
Zis is ze time on Sprockets vhen we buy shtock
What a psychotic market! Too bad that temporary bailouts don't solve underlying economic problems. The can is being kicked down the road in small increments, but it is still being kicked.
I think they have left the road far behind and now are on a trail, soon to be a path.
They left the path a while ago and are now well out over the canyon. Still kicking. The future beckons.
Damn. Did they repeal gravity too, along with FASB, GAAP, and Glass-Steagal?
filled with wild hungry beasts
What is glaring at me is that the US is not part of the solution of the bailout of Europe. That says alot in and of itself. Again I ask who will buy our debt?
You have insider info from the Fed? Isn't Timmmaaay in Euro right now?
you never go full retard........
just ask Sean Penn
I am Sam, Sam I am.
All it is are headline algos buying the headlines. Human traders are still skeptical. Would be funny to see a group hack into FT and put out a flash saying :ARCHDUKE FERDINAND ASSINATED, EUROPE DEFAULTS
It would be nice if ZH recognised and talkied sensibly about the geopolitics involved here, rather than mocking these moves.
We are witnessing the end of the dollar era, and a transition (in all probability) to the Euro. That will be a good thing, as freegold will back the Euro, and world trade will continue with all of its benefits.
I for one with Mrs Merkel all the best in her efforts.
The alternative is dire.
I'll have an order of the alternative, please. Hold the Freedom Fries.
You would rather that world trade grinds to a hault, with no viable reserve currency, and oil is traded ONLY for gold?
Go do some reading, I suggest FOFOA, to se where this is all headed. The US is dead already, the rest of the world is ready to move on, this is a great thing.
Wow, voted down by 9 (and counting)!
That's 9 people who presumably are rabid supporters of the dollar faction? And who welcome a world where global trade dies. How odd. Easy to junk, less easy to voice a viable option fellas.
Oh but you LIKE the Euro? What a nutsack.
9 people who know that the Euro isn't backed by gold, despite the empty words of Euro pumpers.
We're also aware that "Europe" (as it has been sold by the Eurocrats) does not exist. The ECB has gold like the UN has an army.
It doesn't need to be fixed to gold, but it now has 65% + of its reserves in gold. Gold is on the way back, many central banks are buying it.
Just head over to FOFOA's blog, do some research, it all makes sense. Or continue in ignorance, I don't care either way, I have my gold.
Trade should only be done in gold, period. Anything else is a fucking scam run of, by and for the power elite.
Trade should only be done in gold, period. Anything else is a fucking scam run of, by and for the power elite.
I agree a broader view would be more sensible, but the rumour mill is simply ludicrous.
Mock on! :P
The Euro will beat the dollar in the race to 6 feet under the ground.
The dollar powerz is certainly trying their damnedest to make your statement true. If they succeed it would be a great tragedy.
Yu want talkie geopolitics sensible like?
Okej Dokej!
Were it not for the vast amount of manpower and material marooned in Greece and adjoining slavic states, the Battle of Kursk would have had a decisive outcome - one which would have seen "Stalingrad" become Frankfurt am Volga.
The failure of Italian brownshirts to keep a modicum of control over the territories designated for the Italian sphere of influence caused a fatal heamorraging of German resources which changed the course of history.Some powerful people are still pissed off about that.
You will now see a stealth campaign of political warfare which will culminate in the creation of a new version of the Holy Roman Empire, with tributary states reaching from the Bosphorus to Gibraltar. There will be very very few strikes or outbursts of popular dissent in Greece or Italy very very soon.
Is that 'dire' enough for ya>!?!?
btw..."Mrs. Merkel"(s) efforts have a direct line of continuity since her university days as a Stasi enforcer. Be careful what you wish for!
Now you have what is known as a knee jerk, dyed in the wool, cold war warrior mindset. HK would love you!
As Bob Dylan sang...the times are a changing...look ahead...unless the good ole US of A wants to look back; down the eye of a nuke missile...having blown up the financial world in the meantime.
How is the Alternative dire? I pray every day all of this globalism will fail. You are going to wake up one day and find ourself living in a bankster run police state (even worse than it is today).
Nevermind HitTheFan folks. He suffered a concussion the other day (which leaves him "confused").
Charlie Bravo
Clearly you are full of wisdom on how things get resolved. Oh, no, sorry, you just post nothing of use. I love that ZHers (and ZH) fret about police states and the erosion of liberty, but you all get your knickers in a twist when a view is expressed which you find hard to handle or understand.
I guess you are Amerikan, so despite your antipathy you have my best wishes, cos you're going under whilst the rest of the world moves on.
Well, since JUST LAST WEEK the German constitutional court said NO to a joint Eurobond, isn't this whole rumor just moot, since it is based on buying something this is NEVER going to exist.
Sort of like one registering for wedding gifts as the future Mrs. JFK Jr.
Is it me or as desperation is setting in, these rumors are getting stupider and stupider.
No is the new yes.
right, russia only said they would buy euro area backed bonds - yeah, big news, they will buy debt so long as its backed by Germany and France. Stupidest rally ever.
World markets are now nothing more than welfare queens, looking aywhere, absolutely anywhere, for the next handout which will save them from actually having to confront the real world. What a pathetic fucking shit show.
Can you imagine how awesome a central banker reality show would be on Mtv? You have come up with a great idea! They could squat in a deserted post housing crisis city block somewhere in Vegas for a filming location. I think a cool twist would be forcing them to come up a with a currency they could all agree to use and not allowing them to use legal tender law Dollars. It would be hilarious to see them go from bartering chickens, then salt, then drugs, and finally realizing only gold works when it comes to hooker time.
Germany wait China no Russia
Certainly peolpe are not this stupid to be ramping this market on bullshit news. Why in the fuck would Russia want that shitty paper. They know first hand what the eventual outcome of this madness is.
they need the German energy consumer markets or they go belly up too. Its the global economy stupid! As good ole Clinton would say!
Sheen will use his Tiger blood to bail out Germany!
Next rumour: Libya will bail-out Italy. After all 1/3 of their oil exports go there...
http://whowhatwhy.com/wp-content/uploads/2011/08/libya-oil-map.jpg
That is not far from the truth. The libyan Sovereign fund all 150 billion of it stashed in TBTF western banks, the daily oil revenues...good payoff for Berlusark and their "you forcoffee Q-daffy" caper. Paid good dividends!
Breaking News: Martians to bail out Euro area
Its about bloody time.
www.youtube.com/watch?v=W8JLqsbK5V0
But only after the €uro really bombs...
I would not be surprised if Russia actually used some of its reserves for that
My sources, which must remain nameless, tell me that Haiti may step in to bailout Greece and the entire Eurozone. Also preparing to jump on the bandwagon is Cuba and Monserat.
More to come.
berlusconi will bail everyone out
berlusconi will bang everyone out
http://www.youtube.com/watch?v=HD3lilnGiL8
"But what of St. Kitts. For the love of God, what of St. Kitts?"
I heard those were Cayman and British Virgin (no for much longer) Islands.
I didn't get the last frase....who is 80286????
A Lehman HFT computer.
80286 is one of the first X-86 processor used in PC's. It made Windows 3.0 screamingly fast by the standards of those days.
Especially with the Turbo button on
An old school processor.
You need to be really old (like 35) to know. They are pre-historic processors 80086, 80286, 80386, 80486, then came Pentium.
Could it be that everyone still trading these broken markets are simply too stupid to go full Hedge?
The elites gotta be in PMs already - the only reason to stick around and watch this mess go to hell is to ensure that every possible remedy and save has been tried - its like they want to ensure their PM stash's future. Like an assasin emptying the full clip when one or two will do.
Modern emergency medicine works miracles. If you want to be absolutely sure someone stays dead, empty the magazine. Put all but two rounds into center mass, and then save the last two for the head.
Market talk that there is an ant attack on the Reuter server farm. Story developing.
Kind of like throwing a water ballon up in the air. It goes up and hovers and then comes down faster than it went up and splats right on your head and leaves you all wet.
Grenade is a more apt metaphor.
Lets go full retard with scorched earth mofo
http://www.youtube.com/watch?v=CYWaM3RqLJI&feature=related
what a joke this market.
wonder if Parker Bros(TM) will come out with a game called 'Bullsheiit Em'. kinda like Monopoly meets Risk. the one that can conquer the world with most debt and Bullsheiit, wins!!
Ding! Starts writing new Android Game called Stockopoly. I'll write it like a Football fantasy game using current Daily Stock Quotes.
Next rumor: FedBen will bail out the Eurozonies.
Putin is a good man; he'll help
Ignore the glitzy Intel chips with their nanosecond trades. My trusty Z80A just keeps chugging along quietly buying gold and silver.
I actually do still use a computer that has a Z80 processor. It's an old Radio Shack TRS-80 Model 102. It runs for weeks on 4 AA batteries and has a wonderful word processor in it. It never crashes or freezes.
Full Retard...please, Dude...the preferred nomenclature is Eurozone Challenged.
Also, short bus.
NEWS FLASH....BlowHorn [CNBC]....
Ponzi news network is now counting on a interview with Timmay to continue the rally...tomorrow.
Banker statements are now the only catalyst left in world debt and equity markets. Who needs earnings when you have criminal syndicate Wall Street anlalyst earnings expectation upgraders and and price target raisers...with criminal central bankers making false statements hourly to back 'em up?
I'm sure investors are cobbling their last dollars together and preparing to go long Netflix [which BTW goes over the cliff today, I think] Don't do it average Joe!
NEWS FLASH....BlowHorn [CNBC]...
Tyler Mathisen reveals the criminal syndicate Wall Street cliche dijour..."A Greek default is priced in." Criminal syndicate Wall Street analysts answer the call, urging investors to buy [high] in hopes that they will not have to sell [lower] when the short bus in Europe comes to a stop...in a bad neighborhood...filled with rioting Greeks or Italians.
Brilliant! I'm sure average Joe will fall for the rhetoric once again.
You guys are way too negative...gold is getting cheaper by the day and all you can do is complain.
The reality is we all here should PRAY for 1 more mighty slap down of the Banking Cartel - Central Bank annihilater called GOLD!
From Russia With Love....another green day based on absolutely nothing real
And everyone said markets would be tanked to S&P >900 for QE3....guess QE3 is a no-show.
FT: There are rumors that Gheddafi will help old friend Silvio buying Italian bunga bunga bonds as soon as possible.
so on a normal earth, its buy the rumor sell the new.. on Bizarro World, buy the news, sell the rumor....works in these markets!!
Lets call Russia for some money!
Ring, Ring!
Hello, this Peggy.....
Ahh Sheep, a new level of dispair I assume, "offering" to buy bonds that will never be issued, eh?!
Hello Dolly, how is your clonish life evolving? Niet Niet, we don't think we will win the rugby world cup in NZ. Da, da, David Cameron is a KGB operative since many long years. Dusvidanya, Dolly, Gee golly miss Molly, are you offering me your cloned PMs for my cloned Oil futures? You know the arctic soup, russian first quality oil borst, is looking very good. And then we have gas...you know the thing that makes Frau Merkel belch. But at least it isn't frak gas like in USA which lights up Clinton's old cigar! So when the North project works I can buy those Euro bonds with the money I make selling gas to Merkozy!
Just heard this: Brandenburg and the Kingdom of Naples are joining with Spanish Netherlands to bail out Sardinia, Livonia and Upper Silesia!
We're saved!
it is real. it's called short covering the herd.
Chit chat during game of "pass the hot potato".
Anxious for the music to stop and the algo's feast upon one another.
Exactly...that is how I feel....its all pretty talk now...no hard facts...all is good...until the music stops....but I know in some back room there is somthing going on....
Russia is gonna bailout Europe? With what? There economy is weak, their currency is junk and their only export is Oil. Where the hell does all this bullshit end? I am so tired of the games it just makes me sick.
Where is the US?? Of course, I can answer that myslef, we are in worse shape than Europe and have an outright clown in charge who is too busy campaigning to bother with trivial matters like the middle east or Europe.
Russia know shitty bonds, they were higher than Greece yields during the 1998 crisis.
Imagine Europe being beholden to Russia. Oh sorry they already desparately need their gas and oil.
Just get on with expelling Greece, then we can enjoy seeing Italy go the same way. But Euro 1.37. ridiculous
America buys Mexico and Canada spins off California and RI in reverse Ipo
let me get this straight: if anything is saved, it will be digital confetti printers, which can only cover up the problem for so long. Yet, who are the fuctards in europe buying the DAX CAC and FTSE today over Gold and Silver which are getting flogged in comparision?
Yes, when it makes no sense, make the fucking trade.
Who is going to rescue the U.S.? I thought Japan bought $1 trillion IOUs over 10 years and China bought $1 trillion over 5 years and the federal reserve bought $1/2 trillion over 6 months and nobody is buying now. Isn't that a probem or are household purchases stepping in? China used to buy $30 billion a month in IOUs and mortgage backed securities, but now we need someone to buy $100 billion a month or more. I think the federal reserve is happy to step away from the table with the trillions they've already loaned (that they probably didn't have) and wait for interest rates to go up and not look like bad guys and lose it all.
Merkel is done for. The Germans want a leader that leads, is proactive and has charisma, someone on the order of Carl Zu Guttenberg or the like. The goal of this "crisis" is a united states of Europe probably based on 10 ethnic areas, and imho nothing will stand in the way of that effort.
They had one, but ol Adolf went a little funny in the head and things didn't work out as planned.
Full retard is the mental state to be in on planet Bizarro. I fucking swear this is beyond isane...