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France Downgrade Rumor? France-Bund Spread Explodes

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Wed, 11/02/2011 - 07:38 | 1836066 Quintus
Quintus's picture

And the Euro is up 90bps against the dollar?

Wed, 11/02/2011 - 07:42 | 1836078 Arius
Arius's picture

because it is a rumour ... these people like to play it safe .... lets see the downgrade than we move ...

show us the money - show us that you mean business!

Wed, 11/02/2011 - 07:46 | 1836084 Quintus
Quintus's picture

Yeah.  I'll believe it when I see it.

Wed, 11/02/2011 - 07:48 | 1836090 bernorange
bernorange's picture

"Now go away or I shall taunt you a second time!"  /snark


Wed, 11/02/2011 - 07:49 | 1836094 Quintus
Quintus's picture

Fetchez la vache!

Wed, 11/02/2011 - 12:20 | 1837208 Piranhanoia
Piranhanoia's picture

La Vache?

Wed, 11/02/2011 - 12:47 | 1837368 Quintus
Quintus's picture

Quoting from Monty Python's "Holy Grail" film.

Wed, 11/02/2011 - 07:43 | 1836079 Peter K
Peter K's picture

EUR/USD is always the last domino to fall:) PS MidEast names buying today, supposedly.

Wed, 11/02/2011 - 08:33 | 1836171 abugarance
abugarance's picture

great base for a short against the suckers bitchez

Wed, 11/02/2011 - 08:39 | 1836186 slaughterer
slaughterer's picture

I have heard about this rumor of a French downgrade from S&P all week. 

Wed, 11/02/2011 - 07:39 | 1836067 trampstamp
trampstamp's picture


Wed, 11/02/2011 - 07:39 | 1836069 pendragon
pendragon's picture

eurusd doesn't seem to have noticed

Wed, 11/02/2011 - 07:40 | 1836070 qussl3
qussl3's picture

Ben better print.

This incessant EUR bid is getting comical.

Wed, 11/02/2011 - 08:03 | 1836114 trampstamp
trampstamp's picture

I don't know man. did you read this:



Wed, 11/02/2011 - 07:39 | 1836072 ziggy59
ziggy59's picture

I love roasted FIGS

Wed, 11/02/2011 - 07:41 | 1836075 Mae Kadoodie
Mae Kadoodie's picture

You gotta eat your OAT Spread in the morning!

Wed, 11/02/2011 - 07:40 | 1836076 ArkansasAngie
ArkansasAngie's picture

Maybe the French should be allowed to vote, too.

Wed, 11/02/2011 - 07:54 | 1836107 YHC-FTSE
YHC-FTSE's picture

Unless a coup deposes G-Pap in the next few weeks, I foresee shedloads of Mori and GfK pollsters flying to Greece to gauge the outcome of the referendum. 

Wed, 11/02/2011 - 07:43 | 1836080 Cdad
Cdad's picture

So is the Pacific Ocean also going to buy French debt, too?

Wed, 11/02/2011 - 07:52 | 1836097 Rollerball
Rollerball's picture


Wed, 11/02/2011 - 07:52 | 1836098 Overflow-admin
Overflow-admin's picture

Non, the Pacific Ocean IS french debt ;)

Wed, 11/02/2011 - 07:44 | 1836081 jmcadg
jmcadg's picture

Bon Voyage

Wed, 11/02/2011 - 07:46 | 1836083 Kokulakai
Kokulakai's picture

The union won't survive democracy.

Wed, 11/02/2011 - 07:46 | 1836085 melanie
melanie's picture

Festering anger, Nazi war crimes and the £60bn the Greeks believe the Germans owe them



Wed, 11/02/2011 - 07:57 | 1836093 wang (not verified)
wang's picture



The SS indulged their bloodlust on men, women and children alike. While homes and shops blazed around them like some hellish inferno, women were violated and those who were pregnant were stabbed in the guts. Small babies were bayoneted in their cribs. The village priest was beheaded.

By the time Hitler’s men had left the Greek village..

Hitler’s men even raided the Greeks’ central bank, forcing them to give Germany a massive ‘war loan’one that has never been paid back,..

meanwhile Benito Mussolini, the fascist dictator of Italy, was desperate to show Hitler that he, too, could launch a blitzkrieg. And so, in October 1940 the Italians attacked Greece..

To make matters worse, the Royal Navy mounted a blockade of Greece,


Wed, 11/02/2011 - 08:34 | 1836172 GOSPLAN HERO
GOSPLAN HERO's picture

National Socialists are brutal.

Wed, 11/02/2011 - 07:53 | 1836103 qussl3
qussl3's picture

Compare Japanese and Chinese versions of Nanking, the truth is probably somewhere in between, not that it will ever matter to either.

Which version of history is that link drinking from?

Wed, 11/02/2011 - 08:09 | 1836118 wang (not verified)
wang's picture

Japanese version - never happened

Wed, 11/02/2011 - 08:30 | 1836165 PY-129-20
PY-129-20's picture


Paris conference in 1945/1946 - there was an agreement on reparations. Then 1953 there was a second agreement in London on this topic. Then 1990 there was another agreement.

It is estimated that Germany already paid around 30 bn Euros since the end of WWII. We also paid around 115 million DM for individuals (which was accepted by  the Greek government) And still we are getting new claims of victims of that time.

I understand that it is still a difficult topic - I agree that Germans robbed the country and did terrible things to the local public (not all Wehrmacht soldiers, but certainly unforgivable things happened there). I can understand the scorn of people that lived at the time. I can understand if they still hate Germans or resent them.

But where do we draw a line? We paid and paid and paid - through EU subventions (not only for Greece) - and that is fine. People that suffered should get money and more important - an acknowledgement that they were treated badly and inhumane. There is not more we can do - we can ask for forgiveness and we have done so. And I know that some people will never accept this - I can understand that.

But we are now closer to a generation that never went through the horror of WWII.

Wed, 11/02/2011 - 08:29 | 1836091 Youri Carma
Youri Carma's picture

Yeah, baby, yeah!

The Loan Boat

S&P: No immediate ratings implications for EFSF guarantors (Reuters) http://www.reuters.com/article/2011/11/02/sp-efsf-idUSL5E7M21MH20111102
Wed, 11/02/2011 - 07:51 | 1836096 Forgiven
Forgiven's picture

Voila bitchez!

Wed, 11/02/2011 - 07:52 | 1836099 Cone of Uncertainty
Cone of Uncertainty's picture

Hey didn't you guys see Dick Bove on CNBC yesterday?

You idiots, Dick said US bank stocks have no exposure to Europe and that they are at rock bottom valuations.

What else do you need to know?

Keep your eye on the ball, because Bove is not to be dismissed!

Thu, 11/03/2011 - 07:07 | 1840075 daily bread
daily bread's picture

Hey Cone, is your device related to the Get Smart "cone of silence"?

Wed, 11/02/2011 - 08:12 | 1836132 Solid Gold Bubble
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