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EURUSD Sliding On Anti-Rumor From Europe - Headlines "No More Money To Greece From Eurozone, IMF"
This is not the rumor that the central planning doctor ordered. This time from Dow Jones:
- No Intention By Euro Zone, IMF To Give More Money To Greece, Say Dow Jones Sources -DJ
- Major Greece creditors made clear EUR130 bn bailout loan "won't be increased by a single euro" - DJ
It remains to be clear if Greece will even get the €130 billion loan still, but that is a different story. EURUSD, and stocks, not happy.
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We Germans have a bottomless pocket, so we will pay all bills in the world.
Versailles was only a short warm up.
LaGarde is just trying to look like a tough cookie before Davos.
Legarde should be her name...
LeGarde says collapse in demand could lead to global depression.
That's already happening in the general economy. Demand for non-essentials is collapsing already, and housing is in full collapse.
Of course she doesn't care about the general economy.
She's talking about collapse of demand in financial markers, specifically collapse of buy-side demand for sovereign debt bonds.
And yes it would lead to global depression ...in financial markets this time, not the general economy (already in depression).
She's warning the sovereign debt bubble will collapse unless somebody keeps buying the stuff, inferring ECB should keep buying it ...or start buying it ...or start buying more of it.
She's admitting IMF can't keep buying it, they're running out of money.
I would welcome a sovereign debt collapse. Bring it on. Nobody buys any more sovereign debt. Pop that last remaining bubble in the financial world. Watch euro sovereign debt collapse. Watch US sovereign debt collapse too. And yields skyrocket.
It's happening in Greece now. Greece govt bonds are collapsing in value, yields skyrocketing, because nobody wants them
...except hedge funds ...because they think they'll be able to sue Greece for full recovery ...which ain't gonna happen.
"Siam pronti alla morte. Siam pronti alla morte, L'Italia chiamò."
Excerpt from the Italian national anthem ("We are ready to die, we are ready to die, Italy has called")
The most ironic national hymn of all. Italy never calls, or at least not the right number... I usually sing it under the shower, right after Einigkeit, Recht und Freiheit...
but it has already come...the call of Cthulhu. As we have now entered the year of the water dragon....the year of Cthulhu.
A delicious meat Cthulhu? The end was never so tasty!
http://www.youtube.com/watch?v=0ITsGZJustI
Ironic. From the world's greatest surrender monkeys.
I think that would be the French.
The Italians have simply perfected the art of the full on retreat.
Two cheapshots:
Why does the new Italian navy have glass bottom boats? To see the old Italian navy..
For sale: French rifle never fired, only dropped once.
That is all.
Treaty of Versailles screwed the Germans.
End result: it made the world safe for National Socialists and Commies.
It was a doublecross of immense proportions, enough to trigger mass insanity to a large part of the German population.
13 handle sell off accompanied this headline.. robots caught the ES pricicely at day's support 1305
http://hedge.ly/z2LSys
Quick, someone wheel Dallara or Ackermann out with some "Greek debt deal is sealed" statement.
Greece needs to go bankrupt now! Why sell off all of your valuable assets, and then go bankrupt! Go bankrupt and restart with your assets that have some real value!
http://goldisking.blogspot.com/
"No soup for you... NEXT"
http://www.youtube.com/watch?v=M2lfZg-apSA
turn those machines back on.. turn those machines back onnn...
Greece is out. Iran spigot about to be turned off for them. They want them to beg...
Come on now, many bought the rumor, apparently someone forgot to fix the news.
It's as if the bankers are telling the technocrats to crush the system! I wonder, is it because the system is about to fall apart in front of everyone anyway?! Hmmm....
I love the smell of rumor buyers crashing anf burning.
Yeah right, what's the half-life of this round of tough love.
Probly 'good news' somehow or other for US bubble equities though I'm sure.
Not that big a drop..., yet.
Still marveling over Tyler's weekend article about Greece and their bonds if they default. A masterpiece.
Does anyone know if Seal and Heidi Klum are really gettting divorced?
Who 'dat?
Seal is a butt ugly homie.
What the hell was she smoking?
he's penis
Big black dong, duh.
all news good...stocks must go up......Brian must be out to lunch.......NY Fed traders are all hung over after Giant game....please wake up and buy.......
This took the EU way too long to do!! Linger and lies. Next onto the next member of the PIIGS that should have never been allowed in the EU.
Take out all the weak countries in order to survive.
And we here at Zero Hedge are prepared for this. Posts all weekend about the possible outcome of this latest farce. Glad to be out of this broken, corrupt market.
Rumor battle day. Wait for the bullish counter-rumor in 15 minutes.
Rumors, the new weapons of financial mass destruction. Let's print rumors instead of fiat - probably more efficient as it has immediate effect on the markets.
CDSs no longer are valid. We only have OTC "rumors" now. They are exchanged on a completely deregulated market too!
US is "decoupled" from Greece. Nothing about Greece matters anymore. /sarc
IMF "loan"? What kind of a BS term is that?
Try IMF GRANT. When you don't ever get your money back, it's called a GRANT. Fucking European schmucks.
Germany needs to learn that remembering their history of hyperinflation means nothing if they don't prevent it from happening again. The Greeks lived off the ocean for thousands of years. Let them go back to their roots.
traders dont care if things move up or down. as long as it moves they make money riding the waves. if the market moves up or down the journalist will always discover (sarc) some news why its moving.
price is king
trade what you see not what you think and cut your losses short and let your profits run that is the way to make money in this broken market
Plenty of good technical traders are getting fility rich. The ones that say it doesn't work just don't know what they're doing. I can say this because i've witnessed it for sometime now first hand. Too bad im a broke bastard that paid off all his debt and don't have any left to play the game.
Does this mean buy the dip and wait for the damage control headlines tomorrow? Or will reality make a difference for more than 1 day? Too bad all the normal people could probably make a good go at civilization but when the trillionaires are in trouble bombs start dropping. Problem is bombs today are just a little more advanced.
Time for Germany to fire up the Panzers!
Wait - when calculated per capita, Greece has the largest tank army in Europe ... hmm, but on the other hand, it seems like they forgot to buy the ammo.
Will we be talking about Greece this time next year? It's like a fart in an elevator that just lingers around forever.
Although Greek, I have to say that I really enjoyed your comment :-)
they won't get any more euros, doesn't say anything about getting more greenbacks!
Karl Denninger I told you so deflation article to commence in 3...2...1....
I ' m out and well. I bought a little house in a small village in Austria, surrounded by small farmers with cows, pigs and vegetables. And a river with mountain-fresh water nearby. Gold and silver coins, a foodsupply, some cash in different forms, and a 4WD Jeep. Some beer-rounds in the local Bierstube to make friends does the rest. Goodbye to the financial illusionists.
I'm jealous
Obama wants to know if you speak Austrian...
http://www.youtube.com/watch?v=Tr7zhnctF4c
lol but still better than bush who talked about the kangaroos in austria. yeah i know austria is so close to australia never mind. would be cool if austrian is the name of our language but i think the germans would be pissed when they all of a sudden speak austrian not german.....lol
Liebe Gruesse aus Wien. really nice here except for all the socialists lol
in your dreams, Dutch
You better buy guns and ammo, or else you will not have your house/4WD jeep/gold and silver.....
eur/usd still holding above 1.30
called retest lets see if it holds to get more upside this week. weekly chart switched bullish with a massive bullish divergenz. 1,3324 is my upside target. lets sit back and wait if the market offers more upside potential
price is king. trade what you see not what you think. may your trading be consitantly profitable
around the world, people seem to not undersatnd that the primary reason they pay taxes - is to make sure financial speculators don't ever lose money.
http://mercatus.org/publication/us-sovereign-debt-crisis-tipping-point-scenarios-and-crash-dynamics/bond-market-wins
Silver For The People – The Blog
http://brotherjohnf.com/
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Wake me up when Greece runs aground on a pointy rock and capsizes.
I am awaiting the Greece news....I don´t know why...but it sounds exciting....so Greece is forcing a 79% haircut on their existing debt....so they can issue more debt....and everyone is cheering it...who also have to issue more debt..but who will buy it when haircuts have now become the norm and at what price and interest would a normal investor buy it....OR...has the market just changed into the Central Bank Market...and no one else is the buyer but the money printers...so next week lets say...after Greece has their big announcment....and say they need to issue more debt....who will be the buyers...really???? strange huh? and in another story..say you are the Greek Pension that had all that debt...and now your pensions value just dropped billions...but yet your costs stayed the same ...whats a mother to do....
Go back to thhe Drachma. I am sorta joking, because everything you say is true "Youngman", I have yet to figure how this is going to work, and how the CDS are not triped. Also as you said, who the hell is going to buy any new issuence of Greek debt with haircuts are considered the new normal, except maybe the ECB.
that is why tyler durden is so fixed on the greek PSI negotiation which will break the whole government bond market. lets see if the hedge funds with the blocking stake have the balls to blow the bond market up.
by the way great analysis Tyler keep it up and coming. real appriciate your input .thx
I'm always amazed by these graphic presentations; you get the feeling the world falls down Niagara falls, and then you look closely and the EUR/USD rate has gone down from 1.3047 to...1.3017.... a drop of ....0.0O3...wow, I couldn't get a beginning of a dikk twitch on that, let alone a Hard on, but the market hits the sky; I wonder why...Billions on a 3 per thousand rise means... millions...I get it....what a crazy world this is...if you're hooked on money money, like white powder dirt.
Doesn't change anything. Short squeeze is still on. Max pain on both sides at 1.3500
German banks did not mind floating the weaker EU countries as this supported German exports. The Germans took the Southern EU children to the county fair loaded them up on cotton candy, hot dogs, soda and ice cream. Now, when a laxative or cure for sour stomach is needed (debt forgiveness or bond holder "haircuts") are not in the offing. The Germans (banks) want it both ways.
At the time the Euro was originated it was Thatcher who was the loudest opponent stating "didn't the whole world have to go to war twice to stop these people." And who designs a single currency with no common Treasury (bond authority) or at least normalized tax structures across the continent.
Now Germany will not yield and continues flogging austerity programs to further weaken the already weak EU nations. All modern warfare being fought through financial and technology weapons of mass destruction.
Hitler in his wildest dreams could not have imagined the coming German dominance of Europe.
Heard Draghi was hopping from trains to planes preaching the gospel of austerity across Italy and with no coins in pocket was seen humping a soda machine for a Coca Cola.
God help us all.
Good for USD and gold.....but is that good for the market....or the economy....or me?
I can't remember, what's the "last" algorhythm say?