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Good thing Geithner is going over to Europe to help the situation. The EU needs to come up with more inventive, dishonest, subversive, and diabolical ways to keep the ponzi going. Geithner is the man!!!
If any y'all been watching the PM market, you can see ongoing central bank intervention. A default is coming. Team Oscama trying like hell to keep a lid on PM's.
its a loosing battle, 1005,
all the're doing is giving us time to buy PM's
This "situational transitional rough patch" is going to take Timmy-Tim-Tim some time to completely solve AND I hear he only has enough Frequent Liar, er FLYER miles for a One Way Ticket. Our Loss - Europe's Gain.
Drink ALCOHOL! (If a Little is Good, A LOT IS BETTER).Watch Television! (It's ALL True! That's why it's on Tee Vee!)Max Out the Credit Card! (Go Ahead! QVC Yourself! You Deserve to Gift Yourself!)Take Your Medication As Directed!BUT ABOVE ALL.....
FAITH IN THE SYSTEM.
They know what they are doing!~
We need more stress tests.
Is that what's driving the big spike in TLT?
the same thing that's driving everything up: a potent mix of kool-aid, bullshit and garden variety lies from powerful places.
in other words...the usual.
Ah yes. I forgot about that stuff.
edit: I forgot there was an auction of 30 years today. Must have been well bid.
Real enough for me...just moved my son's 529 into bond/cash
And markets rally on
Yet another Hank Paulson moment. The bankers want theyre stimulus !!! pathetic
To be continued... I'm not asking for much but I want to see one, just one, French bank crash and burn. I don't care if it's SocGen, Agri or BNP. You pick Mr.Market.
Really, if one wants to kill himself, there's nobody that can stop him wanting to do so.
EU leaders do not know what to do. They do not have the political mandate at each coutry level to proceed with further bailouts, while they are being pushed to do so by euro funding considerations and bankers. The apt phrase here is , "deers caught in the headlights."
this should send the /ES to a new high for the day because...well...just because.
WATCH – Nigel Farage – Greece Under Dictatorship
You just made my day...
I am surprised this guy is still walking the earth speaking truth like that.
"risk of a vicious circle between sovereign debt, bank funding and negative growth"
I think the proper term here is "swirl" which is the circular pattern shit takes as it spins around the bowl when a flush occurs....
I wonder if they r so smart, or maybe they will see it on the road. But ECB could be the largest Enron fraud vehicle in the history. They will burry there all the debts and everyone will be left with their own currency, hard one..
These fuckers think they can get QE3 and Eurobunk without real market pain. And they are probably right.
I get the feeling that the upcoming financial collaspe and events in the Middle East are set to converge at the same time...........Is this all by design?
Here we go!
Fucking idiot. Have they not looked at the stock markets? Geez.
slewie declares chubby checker week!!!!!!!!
chet atkins "unplugged": Chet Atkins and Hank Snow "Limbo Rock" - YouTube
'Systemic crisis' are just words they are dragging out to justify the next round of wealth transfer. They need to start calling it that to justify themselves.
Yes but last time they rolled out 'systemic crisis' was when markets fell 50%....today they can hardly contain 3% rises daily!
Meat grinding at its best levels ever! Until they get into that machine too!
I'll miss those day where you could still wonder if there's a sollution to the problem.
Shoulda, woulda,coulda, BUT DIDN'T!
The Euro crisis has spread and is systemic ?!?!?!? REALLY ?!?!?!
IS grass green?
IS the sky blue?
Are the Kennedys gun shy?
The grass is ONLY GREEN ON THE OTHER SIDE NOW
I only SEE DARK CLOUDS so the sky is a black/grey these days
And most of the Kennedys tried to catch bullets WITH THEIR TEETH.
what's your point?
Yeah I'm with you.
And best part about the new systemic crisis is its GREAT news!
So shoot, you corrupt fuggers
Kotlikoff says the problem is over-leverage.
The problem is the ridiculous, incoherent Euro system.
the problem is bankster-induced choas
whether from a "captain" or a "professor"~~~choas is choas
Profesor Chaos - YouTube
Professor Chaos Is Born (Season 6, Episode 6) - Video Clips - South Park Studios
South Park - The Coon - YouTube
Thats the whole thing..... if they dont get stimulus theyll pull the financial trigger and itll be financial armaggeddon . So ? Who cares really... theyre going to do it anyway but at least if they pull it now there MIGHT be a few plebs that have a little cash .
The banks HAVE the cash on hand they're just worried about all those derivatives that are floating around out there ready to explode so they wont lend.
I guess thats the point though. We still have a little dry powder they want to squeeze so were defenseless in the later innings.
Oh....that's why all the European indices rallied hard today. It makes more sense now that it doesn't make sense at all.
The most recent rumor/non-rumor is that China will indeed come to the rescue of the EU. I think i know how it will go down...
Let's see, they have $1.5 trillion in US dollar reserves which, as they know, are practically worthless and cannot get rid of fast enough...
The EU is tight on liquidity and debt is swallowing up whole countries...the relatively well capitalized countries are shying away from EU entanglements...
The Chinese say, "Let's put these dollar reserves to good use! We'll come in and bail out the EU with our reserves! Only thing is, we will require collateralized obligations. When the dollar collapses, F %#$ them! and we'll take the collateral!"
Or will this lead to WWIII?
Dow up 135 on the good news. How bad is it....really?
..and here's the news from China: "China Offers to Buy Italian Debt - For a Price"
Well buy your debt for slavery, in other words.
Whatever! Its all good news apparently to tack on another +150 to the DOW in preparation for >10,000 DOW so Bernank can queef out Qeueef3 next week! WTF!
The currencies themselves are the disease. The liquidity shortfalls are the synptoms of fiat addiction. We are seeing the withdrawal. The patient's vital signs are not good.
can you say "systemic risk"? the phrase which has permiated articles and blogs thanks to Charles Smith's Unconventional Guide to Investing in Troubled Times
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