Here Comes The Non-Boring Weekend: G7 Says "Central Banks Ready To Provide Liquidity As Required"

Tyler Durden's picture

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mayhem_korner's picture

Double black diamond downward slant.

Herman Strandschnecke's picture

The one thing I am looking for has not been mentioned anywhere: how can we have faith and sustainability in a system, particularly in EU but also in the US, when there is no democratic say so and when politicians election promises are lies? How can you plan and invest in marxism, socialism and a world of stinking political charlatans? And they wonder why PMs are the future.

--Freedom--'s picture

how can we have faith and sustainability in a system, particularly in EU but also in the US, when there is no democratic say so and when politicians election promises are lies?

In short, we can't, and don't.

Hansel's picture

+1 Herman, but maybe planning and investing have always been illusions.  Maybe the flaw is your perception of rules, or that there should be rules, when there are none.  Selectively enforced rules and laws are just tyranny or mob rule by one group over another.  Same as it ever was.

MsCreant's picture

At first blush I feel like I want regs to keep people like polluters from doing what they want in other folk's back yard. I am starting to come around to your way of thinking though.

Any thoughts on this? Free market may not handle that one...

Mitzibitzi's picture

"There are two kinds of people in this world; those with loaded guns and those who load all the trash they just dumped back onto the truck. You dig?"

Sneeze's picture

Anybody think Jim Flaherty is going to make Jack Layton roll over in his grave and actually "fiscally consolidate"?

The majority support his government has could allow him to tell the G6 to enjoy sex with their hats while they print and deficit spend themselves into oblivion.

My guess is the status quo of self inflicted head shots will prevail.


Subprime JD's picture

S&P is a tight range right now, im curious to see if the bottom of 1100 will fall out. If it does then SPX 1000 here we come.

max2205's picture

Tight?! Like 1250 to 1100? Trading ranges are never tight when vix is over , wait for it... 40!

LstrzMnyn's picture

Global response from unconsulted billions in regards to continued government tampering with no regard for long term disintegration:


AladdinSaneGirl's picture

The Status Quo must not be harmed! My favourite song of theirs is DOWN THE DUSTPIPE .. check it on Youtube. 

exiledbear's picture

Flexi-what? Is Dubya running the show now? Or have the worms finally eaten into their brains?

caerus's picture

but it was only a fantasy

scratch_and_sniff's picture

lol flexibilization, yeah that one threw me too. Its a word, but probably the wrong one in this case.

What_Me_Worry's picture

G7- We have too much debt.  But, its okay, we talked it over and realize the only solution is to make more debt.  Fight fire with fire.

Ponzi Unit's picture

Flexibilization = ramp the Ponzi

TradingJoe's picture

Again, they got nothing, printing is not even short term of any help, everyone and their momma would sell into that rally! I know I would! We'll see Greece go, aided by most likely the Germans, helped by the French, once it is clear it's too little too late, markets will tell THEM the whole story!
We'll gap down on Monday, by how much, where the fuck should I know, fact is, S&P @ 875ish might just be the signal for Benster to come into the ring! Once selling commences and momentum gains "strength" he'll knows where we stop!
Happy Weekend and lets don't forget the ones missing for 10 years now!

TwelfthVulture's picture

A week's worth of hard selling right before the 2-day September meeting,  Just in time to announce the QE3.  Perfect.  How convenient.

mayhem_korner's picture

I gotta believe Benbux is pretty pent up with the abstinence since June.

SumSUN's picture

That is exactly how I imagine the next couple weeks to play out as well.  Bank stocks getting hit the hardest hopefully.

TruthInSunshine's picture




On bank funding:

"Solutions should be found from private markets, from private investors and if that is not possible there should be national backstops in place to ensure recapitalisations or restructuring for these banks."



   Bend over taxpayers. More & bigger bailouts on the way. Take the pain, bitchez.

Fix It Again Timmy's picture

Looks like the Euro-Peons have their work cut out for them this weekend; feel lucky, punks?

Lazarus Long's picture

if these assholes were smart they load up their planes and take the 48 hour headstart the weekend gives them.

Ponzi Unit's picture

Fucking great line, Lazarus!!!

dwdollar's picture

They'll think of something to push the bulls into a feeding frenzy come Monday morning.  It's so pathetic.

scratch_and_sniff's picture

Flexibilization=the ability to use 1 word where 25 are needed.

El Gato's picture

Let them eat liquidity

Cui Bono's picture

Ugh... So Tyler, are you saying that if the Saints still had Reggie Bush this could all have ben....... aah ben.....

Can't believe Timmay G said the US is fine but Eurall fuckedup..... sigh...

Ag1761's picture

We will take all necessary actions to ensure the resilience of banking systems and financial markets. In this context we reaffirm our commitment to implement fully Basel III.


Basel III from what I've read will reduce GDP growth! Whats pumped out of Central Bank will be used to bolster higher tier 1 capital in the failing banks.

Utter pish, let them collapse....

Rockfish's picture


The organization for the prevention of harm to the Status Quo

Spot on TD +1



RobotTrader's picture



No doubt TPTB must be desperate to utter a statement on a Friday night.

They must be planning a barrage of "feel good" support statements to roll out the rest of the weekend so Asia has a green "Happy Print" when it opens.

Rainman's picture

Fri night crisis news used to be reserved for bank it's sovereign takeovers......all progressing as scheduled. 

Muddy1's picture

I read "udder" a statement, nice tits

ReactionToClosedMinds's picture

this early release just may mean that the USA/Fed will backstop Germany (with or without PRChina &/or Japan &/or Saudi visible support), so Germany can fake tell vigilantes that it will backstop ECB which will ride to the Greek default, CDS implosion 'rescue' of Euro/Int'l banks ...

or is it Charge of the Light Brigade ... onward onward into the valley of death they rode ....

The Deleuzian's picture


I agree with you for once.. I seriously doubt we get a red monday...but a blue monday for sure...

This is where the rubber meets the road and the ultimate power of the CB's will be seen...

Call it a hunch, call it that hair on your neck going straight what have you.  I would go long everything (except reverse ETF's and such)  The only winners vs. losers will be the spread traders (you know, long this-short that)......

The algo's are full steam ahead....

TwelfthVulture's picture

I'm not so sure, it appeared the algos tried several times today to do that crazy vaporless melt up they do so well only to be roundly bitch slapped down.

The Deleuzian's picture


No doubts.. tough call here, my take is the last 'battle of the bulge if you will is going to leave lots of corpses but the risk/reward is so one-sided towards the big miners and quality juniors that

I would be happier to be wrong and bet than to not bet at all..

It's just so skewed!!!


XitSam's picture

As the number of desperate reassuring statements approach infinity, the probability of collapse approaches certainty.

Ponzi Unit's picture

Nothing is confirmed until officially denied.

TheFourthStooge-ing's picture

Nothing is confirmed until officially denied.

For a nice touch, the official denial should be accompanied by a laugh track.


Seasmoke's picture

just bought a 4 month supply of 25 year freeze dried food for the family ......suggest others do the same as i dont think we be testing the 25 year life (more like 25 weeks)

Rainman's picture

The family dogs might start to look a little tastier after 14 days of eatin that shit. Plump em up.

yabyum's picture

Do not forget the supply of wine!! A nice Malbec goes well with the family pet or rats. MRE's and most "YEAR"  supply type food will go down better w/some"etoh", since you will not have your xanax or antidepressants  it will be a great help.

MsCreant's picture

Some Vodka is great because it has multiple uses. Drinking, pain killer, sterilization, barter, it's a good one. Unlike wine, no expiration date (I like wine better but can't afford the quality stuff that would keep for years and years).

Conax's picture

copper tubing, bitchez. 

nice work at home plan.

Mentaliusanything's picture

When will they learn - The very definition of insanity is doing the same thing over and over again only to get the same results.

DO NOT Feed Pearls to PIGS - It is very expensive and the PIGS just have no appreciation and will turn on you.

dwdollar's picture

These Vyvanse Ads are f'cking annoying.

Herman Strandschnecke's picture

dwdollar. I'm getting Ads for Diarrhea treatment in Europe

machineh's picture

Issue a year's supply of Vyvanse to every man, woman and child, and watch this moribund economy rock!

Housewives'll be scrubbing da kitchen floor wif a toothbursh at 2:30 am, yo!

Better living through chemicals, comrades!