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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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Thu, 10/06/2011 - 10:42 | 1745523 Fish Gone Bad
Fish Gone Bad's picture

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

Thu, 10/06/2011 - 10:48 | 1745563 Don Birnam
Thu, 10/06/2011 - 10:50 | 1745584 Jay Gould Esq.
Jay Gould Esq.'s picture

Hillarious.

Thu, 10/06/2011 - 11:21 | 1745792 max2205
max2205's picture

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

 

weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Thu, 10/06/2011 - 12:35 | 1746215 Richard Chesler
Richard Chesler's picture

Fraudian.

Thu, 10/06/2011 - 13:15 | 1746397 AldousHuxley
AldousHuxley's picture

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

Thu, 10/06/2011 - 11:02 | 1745644 X.inf.capt
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

Thu, 10/06/2011 - 10:43 | 1745529 toronto1
toronto1's picture

all BS~

Thu, 10/06/2011 - 10:45 | 1745533 Fips_OnTheSpot
Fips_OnTheSpot's picture

JUNCKER SAYS TRICHET IS A DOUCHEBAG

Thu, 10/06/2011 - 10:46 | 1745550 GeneMarchbanks
GeneMarchbanks's picture

TRICHET RETORTS JUCNKER IS A CUM DUMPSTER

 

Ouch!

Thu, 10/06/2011 - 10:48 | 1745567 Shit Bag
Shit Bag's picture

Hahahh

Thu, 10/06/2011 - 11:00 | 1745631 Chaffinch
Chaffinch's picture

Deutsche Bank says Tricket is junk

Thu, 10/06/2011 - 11:12 | 1745729 Hephasteus
Hephasteus's picture

Deutsche bank burns down 3 more banks to cover tracks.

Thu, 10/06/2011 - 10:45 | 1745537 Racer
Racer's picture

Oooops

Thu, 10/06/2011 - 10:45 | 1745538 nah
Thu, 10/06/2011 - 10:46 | 1745544 LawsofPhysics
LawsofPhysics's picture

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

Thu, 10/06/2011 - 11:10 | 1745695 CrashisOptimistic
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.

Thu, 10/06/2011 - 11:13 | 1745730 disabledvet
disabledvet's picture

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

Thu, 10/06/2011 - 10:47 | 1745556 Smithovsky
Smithovsky's picture

Tylers are quite the comedians these days.  

Thu, 10/06/2011 - 10:48 | 1745557 wang (not verified)
wang's picture

put a different way

only one those 4 statements is true

Thu, 10/06/2011 - 10:48 | 1745558 redpill
redpill's picture

JUNCKER SAYS BEATINGS WILL CONTINUE UNTIL MORALE IMPROVES

Thu, 10/06/2011 - 10:48 | 1745560 CapitalistRock
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.

Thu, 10/06/2011 - 10:48 | 1745562 misterc
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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). 

Thu, 10/06/2011 - 10:56 | 1745613 Lord Welligton
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Won't solve the debt problem.

Won't solve trade imbalances.

Won't solve structural unemployment crisis.

Won't solve national budget crises.

Thu, 10/06/2011 - 11:05 | 1745658 trav7777
trav7777's picture

all irrelevant in the face of the oil problem

Thu, 10/06/2011 - 11:10 | 1745707 kito
kito's picture

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

Thu, 10/06/2011 - 11:14 | 1745743 LawsofPhysics
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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.

Thu, 10/06/2011 - 11:18 | 1745770 CrashisOptimistic
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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

Thu, 10/06/2011 - 11:28 | 1745829 samsara
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.

 

Thu, 10/06/2011 - 11:12 | 1745720 CrashisOptimistic
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.  

Thu, 10/06/2011 - 11:15 | 1745745 taraxias
taraxias's picture

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

Thu, 10/06/2011 - 11:23 | 1745802 samsara
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.

Thu, 10/06/2011 - 11:15 | 1745744 disabledvet
disabledvet's picture

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

Thu, 10/06/2011 - 10:48 | 1745564 TideFighter
TideFighter's picture

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

Thu, 10/06/2011 - 10:48 | 1745566 oogs66
oogs66's picture

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

Thu, 10/06/2011 - 10:48 | 1745569 swissaustrian
swissaustrian's picture

... until EFSF is a CDO2

Thu, 10/06/2011 - 10:49 | 1745573 Dr. Engali
Dr. Engali's picture

That goes a long wy to instill confidence.

Thu, 10/06/2011 - 10:49 | 1745580 turicum
turicum's picture

I didn't know it was a freudian slip.

Thu, 10/06/2011 - 11:18 | 1745764 disabledvet
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"!

Thu, 10/06/2011 - 10:50 | 1745583 monopoly
monopoly's picture

And as usual, market is conflicted.

Thu, 10/06/2011 - 10:50 | 1745586 CPL
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.

Thu, 10/06/2011 - 10:50 | 1745587 Caviar Emptor
Caviar Emptor's picture

The only thing that would save Italy: nationalizing banks

Thu, 10/06/2011 - 11:19 | 1745778 disabledvet
disabledvet's picture

Say again?

Thu, 10/06/2011 - 11:30 | 1745835 shortus cynicus
shortus cynicus's picture

Next move: nationalization of the states.

Squid must be starved.

Thu, 10/06/2011 - 10:51 | 1745588 Dick Darlington
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.

Thu, 10/06/2011 - 10:55 | 1745605 DormRoom
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.

 

 

Thu, 10/06/2011 - 11:07 | 1745673 Dick Darlington
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".

Thu, 10/06/2011 - 11:16 | 1745756 taraxias
taraxias's picture

awsome post

Thu, 10/06/2011 - 11:08 | 1745677 toady
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'!

Thu, 10/06/2011 - 10:52 | 1745591 buzzsaw99
buzzsaw99's picture

don't touch my juncker bitchez!

Thu, 10/06/2011 - 10:52 | 1745592 monmick
monmick's picture

Junckers said "Italy Rescue" when he really meant to say: "We are so fucked, no one has a clue as to what to do next".

Thu, 10/06/2011 - 10:52 | 1745594 slaughterer
slaughterer's picture

JUNCKER SAYS "ADAMANTLY OPPOSES INTRUSION OF GS INTO ECB DECISIONS IN THE FUTURE" VIA TRICHET'S DEPARTURE. 

JUNCKER SAYS GERMANY MAY NEED TO SCREEN DRAGHI'S ACTIVITY TO MAKE SURE HE WILL OBEY THE COMMANDS OF THE GERMAN GOVERNMENT AND NOT THOSE OF THE SQUID

 

 

Thu, 10/06/2011 - 10:59 | 1745625 buzzsaw99
buzzsaw99's picture

JUNCKER SAYS DRAGHI MAY NEED TO SCREEN GERMANY'S ACTIVITY TO MAKE SURE THE GERMAN GOVERNMENT WILL OBEY THE SQUID

Thu, 10/06/2011 - 11:01 | 1745634 slaughterer
slaughterer's picture

Applause Buzzsaw99.  C'mon, somebody take it to the third level of hyper-convoluted machination between ECB and German Gov. 

Thu, 10/06/2011 - 10:52 | 1745595 1835jackson
1835jackson's picture

Whale oil beef oct (hint use an irish accent).

Thu, 10/06/2011 - 10:54 | 1745601 hedgeless_horseman
hedgeless_horseman's picture

As Freud said, sometimes a sovereign bailout is just a bailout [not a repeated anal fisting of everyone long Euros].

Thu, 10/06/2011 - 10:58 | 1745623 GeneMarchbanks
GeneMarchbanks's picture

Mmmmmmm... anal fisting

Thu, 10/06/2011 - 10:57 | 1745619 socratesplus
socratesplus's picture

source please

Thu, 10/06/2011 - 11:02 | 1745636 Caviar Emptor
Caviar Emptor's picture

With Dexia nationalization we have a major glitch in the Matrix, bitchez. 

First time they're giving up on putting lipstick on the pig. First time they're admitting the debts will never be repaid and banks are insolvent, the Ponzi is up. And it's an admission of a major system fail which can't be fixed  by 'free-market forces'. 

Thu, 10/06/2011 - 11:01 | 1745639 Central Wanker
Central Wanker's picture

JUNCKER HIT BY A TRUCK

Thu, 10/06/2011 - 11:04 | 1745651 spooz
spooz's picture

kinda ot, but I don't subscribe to Fleckenstein's daily commentary, and saw this quote on a blog i linked to on seekingalpha's newsfeed, attributed to Fleckenstein:

"As someone who has always hated financial companies because their financial statements are such a joke, I’m going to risk looking really stupid. I think the drama over US banks is overdone. Europe is a disaster, I get that, but we aren’t nearly as bad off. I think that lots of people who didn’t see 2008 coming are now sure they will see a replay. I’m not so sure. If the ECB starts to print finally, we will see an absolutely hellacious rally."

http://philpearlman.com/2011/10/06/bill-fleckenstein-on-the-banks/

 

Win for the US banksters?

Thu, 10/06/2011 - 11:19 | 1745775 taraxias
taraxias's picture

Bullshit, there's that little thing called naked CDSs that comes in the way.

 

It's all ONE system, not just interconnected.

Thu, 10/06/2011 - 11:30 | 1745834 spooz
spooz's picture

I also assume systemic risk won't be kind to US banks. From the quote, it looks like Fleckenstein thinks ECB monetization will boost US bank share prices.  He doesn't mention the time frame, so the only way this makes sense to me, coming from a bear like him, is if he is talking about a bear market rally that will reverse when the monetization loses effectiveness.  Just wondering if this is in fact a Fleckenstein quote, since I don't subscribe to his newsletter.  Maybe the quote is taken out of context.

Thu, 10/06/2011 - 11:06 | 1745670 LongSoupLine
LongSoupLine's picture

JUNCKER PRINTING HIS OWN FORM OF FIAT.

JUNCKER SAYS, "FUCK IT, I CAN MAKE MONEY BACKED BY NOTHING TOO."

Thu, 10/06/2011 - 11:12 | 1745725 kito
kito's picture

Ooh ooh i found the slip!! Its the part that says lagarde reminds him of his mom!!

Thu, 10/06/2011 - 11:13 | 1745734 Volaille de Bresse
Volaille de Bresse's picture

"Slowly rotting on..." I mean "slowly ROCKING on!"

Thu, 10/06/2011 - 11:15 | 1745750 Dr. Gonzo
Dr. Gonzo's picture

I feel bad for these guys for having to keep track of all their bankrupt institutions and trying to keep their stories straight while simultaneously inventing fantastic rumors to prop things up at a moments notice. It's not easy running a large ponzi that's about to topple. Good thing they have the media to help cover for them.

Thu, 10/06/2011 - 11:17 | 1745758 Volaille de Bresse
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RE Junker/Trichet  : the actors are old but the soap opera is entertaining!

Thu, 10/06/2011 - 11:46 | 1745935 dracos_ghost
dracos_ghost's picture

This is why I think the pundits saying "Greece should default and get it over with"(aka CNBC/Cramer) aren't seeing the collateral damage and the true contagion risk. If Greece defaults, why wouldn't Italy say "Hey, you guys let Greece default, I want to default too". Then Spain, Portugal and Ireland say "You rammed austerity down our throats so we wouldn't default -- I want to default now". As Juncker says, the EFSF is not capitalized to absorb any substantial hit from one entity nevermind a handful.

Haircuts are going to be larger than anyone imagines to maintain the status quo. I don't think creditors are in that much of a strong position -- contrary to MSM BS. It's the old adage, "Owe a bank a $1000 and you're in trouble, Owe a bank a million dollars and the bank is in trouble." I'm not sure how it extrapolates to a trillion.

 

 

Thu, 10/06/2011 - 12:03 | 1746038 cramers_tears
cramers_tears's picture

Ecco che cosa ha detto ieri sera quando ha provato a gestire en. "che è modo modo modo troppo grande!"

Thu, 10/06/2011 - 12:10 | 1746073 topcallingtroll
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You have to love the europeans. I certainly do!

They are just one big loveable tower of Babel.

They air all their dirty laundry in public too.

Thu, 10/06/2011 - 12:10 | 1746074 topcallingtroll
topcallingtroll's picture

You have to love the europeans. I certainly do!

They are just one big loveable tower of Babel.

They air all their dirty laundry in public too.

Thu, 10/06/2011 - 15:20 | 1746994 Fuh Querada
Fuh Querada's picture

It's all damned lies. Sometimes you have to.

Wed, 10/12/2011 - 09:52 | 1765335 karmete
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