• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

EURUSD Sliding On Anti-Rumor From Europe - Headlines "No More Money To Greece From Eurozone, IMF"

Tyler Durden's picture




 

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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Mon, 01/23/2012 - 13:12 | 2089220 misterc
misterc's picture

We Germans have a bottomless pocket, so we will pay all bills in the world. 

Mon, 01/23/2012 - 13:19 | 2089253 Bunga Bunga
Bunga Bunga's picture

Versailles was only a short warm up.

Mon, 01/23/2012 - 13:23 | 2089278 Popo
Popo's picture

LaGarde is just trying to look like a tough cookie before Davos. 

Mon, 01/23/2012 - 14:39 | 2089639 jeff314
jeff314's picture

Legarde should be her name...

Mon, 01/23/2012 - 17:17 | 2090266 cranky-old-geezer
cranky-old-geezer's picture

 

 

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.

Mon, 01/23/2012 - 13:23 | 2089281 misterc
misterc's picture

"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") 

Mon, 01/23/2012 - 13:33 | 2089320 Ghordius
Ghordius's picture

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...

Mon, 01/23/2012 - 14:36 | 2089620 Ahmeexnal
Ahmeexnal's picture

but it has already come...the call of Cthulhu. As we have now entered the year of the water dragon....the year of Cthulhu.

Mon, 01/23/2012 - 17:10 | 2090263 silverserfer
silverserfer's picture

A delicious meat Cthulhu? The end was never so tasty!

http://www.youtube.com/watch?v=0ITsGZJustI

Mon, 01/23/2012 - 14:41 | 2089652 Dcheeth2
Dcheeth2's picture

Ironic. From the world's greatest surrender monkeys. 

Mon, 01/23/2012 - 15:13 | 2089831 ATM
ATM's picture

I think that would be the French.

The Italians have simply perfected the art of the full on retreat.

Mon, 01/23/2012 - 18:58 | 2090648 Calmyourself
Calmyourself's picture

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.

Mon, 01/23/2012 - 13:37 | 2089335 GOSPLAN HERO
GOSPLAN HERO's picture

Treaty of Versailles screwed the Germans.

End result: it made the world safe for National Socialists and Commies.

 

Mon, 01/23/2012 - 13:51 | 2089404 Randall Cabot
Randall Cabot's picture

It was a doublecross of immense proportions, enough to trigger mass insanity to a large part of the German population.

Mon, 01/23/2012 - 14:07 | 2089468 HedgeAccordingly
HedgeAccordingly's picture

13 handle sell off accompanied this headline.. robots caught the ES pricicely at day's support 1305

http://hedge.ly/z2LSys

Mon, 01/23/2012 - 13:29 | 2089310 slaughterer
slaughterer's picture

Quick, someone wheel Dallara or Ackermann out with some "Greek debt deal is sealed" statement.  

Mon, 01/23/2012 - 14:26 | 2089558 Silver Bug
Silver Bug's picture

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/

Mon, 01/23/2012 - 16:50 | 2090204 dracos_ghost
dracos_ghost's picture

"No soup for you... NEXT"

http://www.youtube.com/watch?v=M2lfZg-apSA

Mon, 01/23/2012 - 13:12 | 2089221 Gubbmint Cheese
Gubbmint Cheese's picture

turn those machines back on.. turn those machines back onnn...

Mon, 01/23/2012 - 13:14 | 2089222 GeneMarchbanks
GeneMarchbanks's picture

Greece is out. Iran spigot about to be turned off for them. They want them to beg...

Mon, 01/23/2012 - 13:14 | 2089223 LawsofPhysics
LawsofPhysics's picture

Come on now, many bought the rumor, apparently someone forgot to fix the news.

Mon, 01/23/2012 - 13:23 | 2089274 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

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....

Mon, 01/23/2012 - 13:52 | 2089410 Randall Cabot
Randall Cabot's picture

I love the smell of rumor buyers crashing anf burning.

Mon, 01/23/2012 - 13:13 | 2089226 Joe Davola
Joe Davola's picture

Yeah right, what's the half-life of this round of tough love.

Mon, 01/23/2012 - 13:14 | 2089229 SheepDog-One
SheepDog-One's picture

Probly 'good news' somehow or other for US bubble equities though I'm sure.

Mon, 01/23/2012 - 13:17 | 2089238 DoChenRollingBearing
DoChenRollingBearing's picture

Not that big a drop..., yet.

Still marveling over Tyler's weekend article about Greece and their bonds if they default.  A masterpiece.

Mon, 01/23/2012 - 13:17 | 2089239 ZippyBananaPants
ZippyBananaPants's picture

Does anyone know if Seal and Heidi Klum are really gettting divorced?

 

 

Mon, 01/23/2012 - 13:20 | 2089260 Janice
Janice's picture

Who 'dat?

Mon, 01/23/2012 - 13:40 | 2089347 GOSPLAN HERO
GOSPLAN HERO's picture

Seal is a butt ugly homie.

Mon, 01/23/2012 - 13:58 | 2089415 Randall Cabot
Randall Cabot's picture

What the hell was she smoking?

Mon, 01/23/2012 - 14:07 | 2089467 Lord Blankcheck
Lord Blankcheck's picture

he's penis

Mon, 01/23/2012 - 14:09 | 2089480 Conrad Murray
Conrad Murray's picture

Big black dong, duh.

Mon, 01/23/2012 - 13:18 | 2089247 The Axe
The Axe's picture

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.......

Mon, 01/23/2012 - 13:20 | 2089255 yogibear
yogibear's picture

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.

Mon, 01/23/2012 - 13:21 | 2089259 monopoly
monopoly's picture

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.

Mon, 01/23/2012 - 13:21 | 2089262 slaughterer
slaughterer's picture

Rumor battle day.  Wait for the bullish counter-rumor in 15 minutes.  

Mon, 01/23/2012 - 13:24 | 2089277 kurzdump
kurzdump's picture

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.

Mon, 01/23/2012 - 13:24 | 2089283 slaughterer
slaughterer's picture

CDSs no longer are valid.  We only have OTC "rumors" now.  They are exchanged on a completely deregulated market too!

Mon, 01/23/2012 - 13:22 | 2089270 slaughterer
slaughterer's picture

US is "decoupled" from Greece.    Nothing about Greece matters anymore.  /sarc

Mon, 01/23/2012 - 13:32 | 2089290 ACP
ACP's picture

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.

Mon, 01/23/2012 - 13:26 | 2089292 forexnovaco
forexnovaco's picture

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

Mon, 01/23/2012 - 13:34 | 2089331 rsnoble
rsnoble's picture

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.

Mon, 01/23/2012 - 13:31 | 2089316 rsnoble
rsnoble's picture

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.

Mon, 01/23/2012 - 13:33 | 2089322 AC_Doctor
AC_Doctor's picture

Time for Germany to fire up the Panzers! 

Mon, 01/23/2012 - 15:00 | 2089754 Instant Wealth
Instant Wealth's picture

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.

Mon, 01/23/2012 - 14:03 | 2089339 Dr. Engali
Dr. Engali's picture

Will we be talking about Greece this time next year? It's like a fart in an elevator that just lingers around forever.

Mon, 01/23/2012 - 16:26 | 2090121 drider
drider's picture

Although Greek, I have to say that I really enjoyed your comment :-)

Mon, 01/23/2012 - 13:42 | 2089363 sabra1
sabra1's picture

they won't get any more euros, doesn't say anything about getting more greenbacks!

Mon, 01/23/2012 - 13:45 | 2089373 bgilliam83
bgilliam83's picture

Karl Denninger I told you so deflation article to commence in 3...2...1....

Mon, 01/23/2012 - 13:50 | 2089401 DutchMadness
DutchMadness's picture

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.

 

 

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