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The Euro, it never dies...
... on second thought you can say the same for the dollar and yen, wait there's a pattern emerging here how odd.
It's the cancer that keeps on giving.
None of those FX dollars sitting in China will be coming to European sovereign debt any time soon. China's real estate bubble is taking care of that.
But here's the worrying news: China stepping in to buy shoddy debt isn’t going to offer any solutions to underlying problems. At best it will kick the can do the road awhile, as Europe muddles around and continues to fail to come to any kind of meaningful or coherent agreement on its future.
Sorry for the OT, not threadjacking but I wanted to get this toward the top.....
Anyone interested in live music might want to search on youtube for "rock in rio 2011."
Huge music festival from 9/23 - 10-2 and it's a good one. Lot's of videos already posted and the music starts again tonight.
Here;s the link for the live feed starting at 6ET:
Something different to do while you watch to world melt.
Sorry again. Junk away.
Chinese elites are not particularly fond of the Spanish who still think they are rich:
Meanwhile educated Spaniards are trying to get a job in China:
Even before the economic crisis hit, Southern Europe was not an easy place to forge a career. Low growth and a corrosive lack of meritocracy have long posed challenges to finding a job in Italy, Greece, Spain and Portugal. Today, with the added sting of austerity, more people are left fighting over fewer opportunities. It is a zero-sum game that inevitably pits younger workers struggling to enter the labor market against older ones already occupying precious slots.
That is austerity bitches.
They have to be thinking it.
Yes, the pattern is, "don't move or your dead". Verbal threats, rumors and "information" holding the ship together now. There probably can't be anything definitive in terms of a "solution" otherwise the effectiveness of the rumor loses its' power. Looks to me like this strategy is buying time. For what? I would imagine it is positioning, so that "they" win and "we" lose when they are ready to let it all come down.
Psycological warfare in the truest sense.
zonists are winning the brainwashing game
people who control banking and media also control their own jews to hate non-jews and see everything through the eyes of anti-semitism. Must see rare documentary....BECAUSE AN ISRAELI JEW FILMED THE DOCUMENTARY BECAUSE HE WAS SICK OF HIS OWN SHIT.
Futures don't mean anything.
How many times have the futures gapped up in Asia only to totally crash the next day.
Or vice versa???
they may fail at times as everything does, but this is a wrong opinion.
there have been plenty of papers published over the last decade demonstrating they lead cash indexes more often than not. you can google those if you wish to.
logically one could conclude that information is digested more readily via these as well. the SPY still has to pay attention to what its underlying 500 stocks are doing. the /es can be bought or sold immediately according to market perception at that very moment.
i'd actually guess it goes something like futures -> leading stocks -> cash indexes. regardless they're definitely not a derivative of anything.
About as many times as you've pointed out ES ramping overnight like it mattered, shifferbrainz.
ever notice how popular zombies are in todays pop culture...from games to movies to tv, maybe its saying something??!!!???
6 Mind-Blowing Ways Zombies and Vampires Explain America
Yeah it's Cracked and a comdy article but damn it if doesn't make you think.
great find, thxs
What it tells us is that pop culture, our society at large, is heading in the same direction as the economy has for the last 10 years: Coarse, brain dead, ugly, and pull on any part of it and it comes off in your hands, And you can't kill it.
It just reaches as far down as it can go without actually dying. Dazed, staggering, and thirsty for brains.
its called nihilism, its here, learn to enjoy it----its just a ride-----
ECB gears up to give banks one year of liquidity
Reuters: "We need to find a mechanism where we can turn one euro in the EFSF into five, but there is no decision on how we could do that yet," another senior European official said on condition of anonymity."
"The European Union's top economic official, Olli Rehn, said as soon as the region's governments confirm new powers for their 440-billion-euro fund, known as the EFSF, attention will turn to how to get more impact from the existing money."
The EU no doubt would appreciate thoughtful suggestions from ZHers on how to turn one euro into five.
Well, 1.37 can only be a session or two away then,before 1.4 again..
Don't LOL. This means someone is on their keyboard spreadin' unholy digidollars...
But the disclosed "plan" is to Shuffle and Twist while everyone Shouts and Raves. I wasn't Loling that it couldn't happen either.
Soooooooo the Swiss are the front to hold the Euro up at all costs so the bet is that the EUR-CHF will remain in the $1.20 area as they have stated since the beginning of QE-Euro. Logically, and logic is often the wrong guide in these matters, the CHF should tank againt the USD, but that hasn't happened, yet. The Swiss are going to have to abandon the EUR at some point or print exponetially to keep up with the shit storm on the horizon. When that happens the EUR will drop like a rock, so it won't happen, at least not anytime soon, I guess.
Sheesh man, are those tits or goat udders?
It's the Telegraph story about the 2bEURO EFSF. Link below. Waiting for German MinFin/Buba denial. If not coming, could try to squeeze the spec shorts :)
Suprised? The bulls love bullshit. More bullshit = more bullishness.
Roll around in it. Sniff it. Taste it.
Real good huh?
No thanks. I only like watching gross/sad/violent shit.
I don't actually eat it.
September 29 : vote in the german parliament about EFSF.
Merkel could get the boot up her arse.
This is great news for anyone with a home in Europe, AND a home in the US....
...and a zero-cost teleporter to carry them back and forth.
Breakfast in New York, Lunch in Paris, and a seafood dinner in Boston... That's living LARGE, baby....
and with a zero-cost teleporter, who needs PM?
btw, one in four believe humans can teleport, but I've no reliable data on how many of the one in four believe that THEY can teleport or claim they KNOW someone who has teleported. More study is needed there.
Just make very sure a Fly is not in the teleport booth when it's powered up.
I know... I hate it when my ears fall off shortly after getting busy with bar skanks...
EUR = parity with USD within 3 months maximum (critical mass equals acceleration of timelines), before falling apart and being reconstituted in whatever form realpolitik dictates, however fragmented and dislocated that may be.
Friend, I will bet you a silver eagle to a used condom that no country will leave the EUR. Simple reason: this would involve thousands of bureaucrats in Brussels becoming superfluous and spheres of influence of the unelected kleptocracy at the seat of EU-power being eliminated. And this multiplied by the number of PIIGS purported to leave.
The truth was let out too loudly and quickly and they can't stuff it back in the tube.
Those in Europe who are solvent, responsible and who saved and paid their obligations now know that the people driving the EU want to sacrifice not only them, but turn their children and grandchildren into indentured servants, to perpuate an unjust, immoral and financial hazard of a wealth redistribution system, which is an unsustainable system no matter how much grist for the mill is made of the responsible.
The new universe and structure of information dissemination has awakened those in Europe (and elsewhere) to some very ugly truths, and it has outpaced the ability of the politicians and globalists to suppress the fuel that will power the upheaval.
The Chinese just want Europe's Gold and it appears the Fed and their possie of UK, Swiss, Japanese central banks are ready to give it them so that they can get through next election cycle and move all of US corporations to China and leave the people of the western world without anything except for worthless fiat money and bonds.
It is truely amazing how few are able to make teh connection with the fall of the western Roman empire. 476 AD bitchez.... Where is Constantinople when you need it?
It was stretched here, gapfill or bounce to S2? (138.5 on fxe)
the odds are the markets are in the green on monday. the sell off has been to fast and severe, the market would not go red on friday, financials were green, its quarter end, and the rumor machine is full gear
these rallies are amazing. hold on tight.
You and everyone else relying on the relief rally book have yet to come to grips with the fact that the great deleveraging (of 30 years of epic and purely credit based [false] expansionary growth) is underway, and that 2008 was just a prelude to what will be forced liquidation of the family jewels.
It's Harvest time.
I am not saying there won't be days, whether Monday or whenever, where 'they' can't and won't paint the tape, but I am saying that 'they' don't have the ability to do so nearly as often or in as great a direction as in the past, given the great deleveraging tsunami now underway.
Witness the final, desperate gasps of a dying economic structure that was built on a foundation of pillars of salt and sand.
they're all queuing up to bail the Euro out. Its like visiting Mme Tussaud's where its opening night for the new wax mummy of the latest addition to the hall of dinosaurs...But lets wait until November 3 at Cannes, its just a few days before Guy Fawkes day and the fireworks.
Why the fuck China needs strong euro when they have 3 trillion of $ in reserves. Weaker $ not only means lose for China but less purchasing power for shopping around world.
Sense makes no sense though. Chaos is like that. Just hang on. You and I won't understand this until after it is over.
The last thing Europe should want is China's help - which would just be more currency manipulation by China.
paper ponzi pyramid porn
...more debt, too!
But...but...China is supposed to "lead us out of recession" said Mr. Soros.....
Leadership entails taking the brave step off the cliff first.
Another historical collapse. western bankstering in bed with dead head governments have failing debt gone wild. I read the end of this same fiat system when I was young and dumb. I still get it and it's nothing but ashes, pain, & suffering for the sheeple. World war III here we come. It will be an annihilation of greedsters killing greedsters; for what could not be obtained through mutual honest sound money and fiscal responsibility to match. World nations under fraud. Too bad, I'm so sad!!
The fun has not yet begun. Wait until the level of austerity in Greece seeps into every holler in The West. (And that must happen eventually one way or another). Hold tight to your pms and sleep with your shotgun at your side.
"We can't just go save someone. We're not saviors. We have to save ourselves," said Gao Xiqing, president of China Investment Corp.
Doom is off the menu boys. For today at least.
But the bill will come due. That is for sure.
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