Find The Freudian Slip

Tyler Durden's picture

As the title suggest, please find the Freudian slip:

  • JUNCKER SAYS ECB REMAINS INDEPENDENT OF POLITICS
  • JUNCKER SAYS EU MAY NEED TO REVIEW GREEK AID PROGRAM
  • JUNCKER SAYS EFSF COULDN'T HANDLE ANY ITALY RESCUE
  • JUNCKER OPPOSES FURTHER EXPANSION OF EFSF

Hint: it is bolded.

source: Bloomberg

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Fish Gone Bad's picture

They can't handle it... until they find a new creative way to cover it over.

max2205's picture

IWM just printed high of the day, wait for it.... $66.60

 

weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

AldousHuxley's picture

juncker....good thing he is not Moody's analyst rating junk bonds.

X.inf.capt's picture

well, fish, they dont need a new, creative way...

just the old standby...

WAR....abig one.

tptb have trade routes to secure...

resources to grab...

labor to exploit...

+1 to fish

Fips_OnTheSpot's picture

JUNCKER SAYS TRICHET IS A DOUCHEBAG

GeneMarchbanks's picture

TRICHET RETORTS JUCNKER IS A CUM DUMPSTER

 

Ouch!

Chaffinch's picture

Deutsche Bank says Tricket is junk

Hephasteus's picture

Deutsche bank burns down 3 more banks to cover tracks.

LawsofPhysics's picture

Those who can't stay optimistic will be put out to pasture, Junker's departure is iminent.

CrashisOptimistic's picture

Smells a lot like exactly that.

They have been milking the Tuesday announcement of agreement to agree for about 48 hrs now.  That has been the plan for weeks.  Run to the microphones and say things crafted so that the newsreader computers will pick up.

disabledvet's picture

He did make the announcement from Luxemborg. Was that Mr. tax free talking or Mr. taxpay?

Smithovsky's picture

Tylers are quite the comedians these days.  

wang's picture
wang (not verified) Oct 6, 2011 10:48 AM

put a different way

only one those 4 statements is true

redpill's picture

JUNCKER SAYS BEATINGS WILL CONTINUE UNTIL MORALE IMPROVES

CapitalistRock's picture

Oh my. There's a need to rescue Italy in our future?

Excuse me a moment. I have some trades to execute.

misterc's picture

ECB will suppress Italy's government bond yields for years to come.
Most likely outcome in my opinion will be a G8-meeting in early spring announcing a worldwide cross currency peg (USD, YEN, EUR, RMB). 

Lord Welligton's picture

Won't solve the debt problem.

Won't solve trade imbalances.

Won't solve structural unemployment crisis.

Won't solve national budget crises.

trav7777's picture

all irrelevant in the face of the oil problem

kito's picture

Problem? Where? My gas is 3.29 and will continue to drop in the face of deflation

LawsofPhysics's picture

Yep, the gas will be cheap, now the bribe that you may have to pay in order to access the gas or your security while pumping gas might be a bit expensive in the future.

CrashisOptimistic's picture

That's how it works.  Oil price surges and destroys society's economies.  There will now be an attempt to grow, and that will ramp demand and because supply can't, price will spike again.

Then down goes society's economies again . . . and again . . . and again, lower each time.

Your gas price was well over 10% lower this time last year:

http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24

samsara's picture

The Saudi's (for example)  have an $75-$85 per barrel MINIMUM cost for extraction,  That is the SAME price AT LEAST to cover their national budget (read keep the peasants subdued and bought off). 

Oil will NOT drop to $30 a barrel,  None of the oil producers can afford it to.  Any hint of it will cause a embargo(over a manufactured problem if necessary). 

You would sooner see them pump half the amount and double the price first.

 

CrashisOptimistic's picture

How quickly it gets forgotten.  Oil has been over $100 for the entire year, missing at most 3 days, since about February (pre Libya).

But no one thinks about it.  

taraxias's picture

You and Trav are in a very small group on here who truly GET IT.

samsara's picture

Yes,   The financial problem will stop growth because of

the geometric progression of interest(a known end point since it's conception)

HOWEVER,  However,  PEAK OIL will make No Growth PERMANENT

Bye Bye Global Distribution.

disabledvet's picture

Budget crisis? Really???!!!! Where?

TideFighter's picture

Cash for Junker's? I thought we did that already!

oogs66's picture

This is very bullish - clear sign that EFSF will be expanded :)

swissaustrian's picture

... until EFSF is a CDO2

Dr. Engali's picture

That goes a long wy to instill confidence.

turicum's picture

I didn't know it was a freudian slip.

disabledvet's picture

If there's a coy sexual reference here Italy should take this as a a commitment...oops i mean compliment! a "compliment"!

monopoly's picture

And as usual, market is conflicted.

CPL's picture

Strange thing is they aren't doing that great of a job with Greece, if past performance is an indicator, these guys couldn't organise a cat fight.

Caviar Emptor's picture

The only thing that would save Italy: nationalizing banks

shortus cynicus's picture

Next move: nationalization of the states.

Squid must be starved.

Dick Darlington's picture

That's why ECB will keep monetizing the thrash PIIGS-debt. Of course Trichet tries to mask it under "making sure the monetary policy transfer mechanism will work" or some other blatant lie. Next on agenda from ECB is unsterilised monetization of the debts of these banana republics and probably senior unsecured bank bonds. When that happens, Germany will say "nein" and introduce D-mark. After that the upcoming head of ecb, ex-goldmanite italian dude, will probably start buying equities.

DormRoom's picture

The ECB will do no such thing.

 

Germany has experienced hyper-inflation, unlike so many other countries.  It haunts them still. They will not allow more monetization. Nein.

 

If they must choose between Europe, and price stability, they will choose the latter.

 

 

Dick Darlington's picture

Two germans have already left ECB because of the decisions to buy PIIGS-debt. Today Trichet announced that ECB will buy covered bonds for EUR 40 billion and that ECB will be buying those partly from primary markets. Covered bonds are senior secured bank debt. None of these idiotic moves by ECB to keep the insolvent political dream called euro together have worked. None. So they will do more, it's just a matter of time (which they don't have much left). And at that point my guess is that Germany will save themselves, not the PIIGS.

And btw, 2% annual growth in inflation, what ECB calls "price stability", is not stability. That relation grows exponentially in time and it's quite far from the definition of "stable".

toady's picture

But the German hyperinflation is a part of the historical record, and everyone knows nobody learns from history, and are thus doomed to repeat it.

It'll be just like the movie 'Groundhogs Day'!

buzzsaw99's picture

don't touch my juncker bitchez!