The Global Moral Hazard Dawns: Merkel Says "It Must Be Prevented That Others Come Seeking A Haircut" As Ireland Cuts GDP Forecast

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Fri, 10/28/2011 - 13:28 | 1821498 redpill
redpill's picture

WTF, how is Italy supposed to afford their Maseratis if they don't get a haircut too?

http://www.telegraph.co.uk/finance/financialcrisis/8856149/Italian-govenment-buys-19-Maserati-supercars-despite-austerity-cuts.html

Fri, 10/28/2011 - 13:42 | 1821579 YesWeKahn
YesWeKahn's picture

This is to help car makers.

Fri, 10/28/2011 - 14:10 | 1821738 goldm3mb3r
goldm3mb3r's picture

Thank you - you just made me come in my pants.

Fri, 10/28/2011 - 14:24 | 1821832 NoClueSneaker
NoClueSneaker's picture

OT ... you grabbed some FAZ ? Thx...

Fri, 10/28/2011 - 14:32 | 1821885 Ahmeexnal
Ahmeexnal's picture

I was waiting for FAZ to hit 40.
I'm glad I didn't place that order as now I'm sure 35 is quite possible. However, with things moving as fast as they are, I might have to buy at the close today.

Fri, 10/28/2011 - 15:01 | 1822024 NoClueSneaker
NoClueSneaker's picture

Yepp, thx ... Learned a lot from your hints.

Me dumb, but volume low and some of Berlusconis Banks didn't got a shot. ( Applause on the left  arm frantic ). 36 is good enough, ( me not qualified, but trying )....

Fri, 10/28/2011 - 13:44 | 1821588 Dick Darlington
Dick Darlington's picture

Easy, Bunga Bunga just promised, for realz, that he will raise the retirement age for some by 2 years between "now" and 2026.

Fri, 10/28/2011 - 14:40 | 1821931 knukles
knukles's picture

Fucking charade.  Discuss the relief of the symptom, too much debt, but not the cause, the disease, living way the fuck beyond ones' means.

See, nothing the fuck changes.
It's a grandstand of circle jerks.

Forget reading The Daily Platutude.
It's over, done, bad news, gone, beyoond redemption.

The fundamental raison d'etre for the EU has become ridicule.

Fri, 10/28/2011 - 14:08 | 1821721 PY-129-20
PY-129-20's picture

Don't worry. Our finance minister just discovered 24 bn Euro by accident. We will pay for it. An unfortunate miscalculation over at Hypo Real. Accounting error - happens basically every day...what a clown show.

http://www.spiegel.de/wirtschaft/soziales/0,1518,794694,00.html

Blutorgel -.-

Fri, 10/28/2011 - 14:30 | 1821875 Piranhanoia
Piranhanoia's picture

they found the 40 billion bucks missing in Iraq.  GPS has a trace on Bin Hidin in the Indian Ocean. Nasa has found evidence of other odd footprints on the Moon, some on top of those of our honkeys, The swiss have found part of the 400 billion stolen from citizens of Deutschland from 33 to 45, in an old vault of course.  Amelia Earhardt is back from her vacation.  The Beatles 84th album goes Uranium selling 100 trillion copies.

I get my news from the Onion. At least they tell you its BS upfront.  Too bad it ain't.

Fri, 10/28/2011 - 17:35 | 1822793 PY-129-20
PY-129-20's picture

LOL - now it is not only 24 bn - Spiegel just informed readers in an update that it is now 55 bn - out of nowhere. Just appeared.

This gets better and better.

Fri, 10/28/2011 - 14:39 | 1821929 Rick64
Rick64's picture

Egemen Bagis, Turkey’s chief negotiator with the European Union, has criticized Germany, along with France, for seeking to sell military equipment to Greece while pressing the government in Athens to make drastic public spending cuts as a result of its dire financial crisis.

http://www.nytimes.com/2010/03/30/world/europe/30iht-turkey.html

Fri, 10/28/2011 - 17:27 | 1822754 Ghordius
Ghordius's picture

Damn! I thought Greece would buy some frigates made in Italy, as usual!

Fri, 10/28/2011 - 19:05 | 1822972 Rick64
Rick64's picture

Nope its France. Israel and the U.S. are in the game too.

According to information obtained by SPIEGEL, France wants to deliver two to four new frigates to the Greek navy and to allow the highly indebted nation to postpone payment of the €300 million ($412 million) purchase price per ship for the next five years.

http://www.spiegel.de/international/europe/0,1518,792189,00.html

Is Greece readying to spend millions and millions of dollars to buy advanced weaponry from Israel despite the economic crisis? According to reports coming from Tel Aviv and Washington, the answer is “Yes!”.  Executives of Israel’s defense industry are reportedly talking to Greece’s Armed Forces about a possible multimillion-dollar sale of advanced weaponry in Athens and Greek military officials talk in Tel Aviv about the purchase of unmanned aerial vehicles.

http://www.keeptalkinggreece.com/2010/12/14/is-greece-buying-weapons-from-israel-despite-the-economic-crisis/

Daniel Cohn Bendit- president of European Greens/ European Free Alliance Summarizes it nicely. We're Hypocrites!

http://www.keeptalkinggreece.com/2010/12/14/is-greece-buying-weapons-from-israel-despite-the-economic-crisis/

Fri, 10/28/2011 - 15:05 | 1822096 caconhma
caconhma's picture

Italians are good dressers. For high defense officials Maseratis go very well with their 7-stars military uniforms.

Fri, 10/28/2011 - 20:19 | 1823237 philipat
philipat's picture

Ireland should have done an Iceland and told the Banks to fuck off. Instead it decided to bail out the Banks and shaft its own people. Having got the taste of that, if they can also shaft the German people as well, so much the better..................

Fri, 10/28/2011 - 13:30 | 1821503 Hansel
Hansel's picture

So only Greece gets any debt relief?  That seems completely fair.

Fri, 10/28/2011 - 13:45 | 1821556 redpill
redpill's picture

In other news, the European Union (EU) is changing its name to the Federation of Undeserving Countries Killing the Economy of Deutschland (FUCKED).

Fri, 10/28/2011 - 13:55 | 1821645 gojam
gojam's picture

Fitting acronym redpill

Isn't it possums that play dead ?

 PIIGS play Possums (sounds like the title of a great new reality show)

Fri, 10/28/2011 - 14:15 | 1821778 Mike2756
Mike2756's picture

Greece is done, it's down to PIIS.

Fri, 10/28/2011 - 14:36 | 1821910 TheLooza
TheLooza's picture

dude, the germans played a role in getting their eurozone counterparts in the debt mess to begin with.  their hands are not clean. and i dont just mean the shit on their hands from all that ass fisting they do over there.

Fri, 10/28/2011 - 17:24 | 1822743 eurogold
eurogold's picture

You are totally clueless.

Fri, 10/28/2011 - 17:29 | 1822770 DosZap
DosZap's picture

eurogold

To Whom are you refering?.

If me, you sir are the one without a clue.

Fri, 10/28/2011 - 17:21 | 1822718 eurogold
eurogold's picture

Right you are! Now Italy, Spain, Portugal will be knocking at the door with their hands stretched out!

Germany must leave the EMU and tell everyone to go fuck themselves!

Fri, 10/28/2011 - 17:30 | 1822771 Ghordius
Ghordius's picture

What are you, a divorce lawyer?

Fri, 10/28/2011 - 18:25 | 1822947 knukles
knukles's picture

Nah, he's just been married for over an hour.

Fri, 10/28/2011 - 13:54 | 1821643 hunglow
hunglow's picture

First soft, first that was served.

Fri, 10/28/2011 - 14:04 | 1821689 eatthebanksters
eatthebanksters's picture

kinda like Obummer's new housing plan which will only be available to people with underwater mortgages held by Fannie and Freddie...fuck everyone else, right?

Fri, 10/28/2011 - 20:39 | 1823263 LongBalls
LongBalls's picture

Just be patient. We will all have our opportunity at his program by the time he is done.

Fri, 10/28/2011 - 13:30 | 1821506 Boilermaker
Boilermaker's picture

More like a buzz cut.

Fri, 10/28/2011 - 14:35 | 1821907 tmosley
tmosley's picture

More like a decapitation.

Fri, 10/28/2011 - 13:30 | 1821508 GolfHatesMe
GolfHatesMe's picture

Flowbee.  Do it yourself at home!

Fri, 10/28/2011 - 17:05 | 1822636 karzai_luver
karzai_luver's picture

stole my line , SERF!

or is it get in line and haul out the clippers bitches.

 

3X long

powder wigs.

 

Fri, 10/28/2011 - 13:30 | 1821509 jcaz
jcaz's picture

Oh yeah, and Ireland was supposed to be SAFE money- LOL!!

This is gonna be priceless- literally.

Fri, 10/28/2011 - 13:41 | 1821574 Chaffinch
Chaffinch's picture

Nobody, but NOBODY, could have predicted that other cash-strapped countries would want similar
haircuts ; )

Make mine a Tony Curtis!

Fri, 10/28/2011 - 17:06 | 1822641 karzai_luver
karzai_luver's picture

Will the Grecian Formula work and how many doses are needed!

 

Clyde Clyde .................

Fri, 10/28/2011 - 13:31 | 1821512 Deadpool
Deadpool's picture

save them Slovenia!

Fri, 10/28/2011 - 13:58 | 1821665 ziggy59
ziggy59's picture

Slovenia, Slovakia... What's the difference?
..

Fri, 10/28/2011 - 14:21 | 1821808 NoClueSneaker
NoClueSneaker's picture

Simple ... from the day one was Slovenia paying in and Slovakia  getting checks from the €U...

In the meantime r both fucked.

Fri, 10/28/2011 - 14:34 | 1821902 Piranhanoia
Piranhanoia's picture

Makes a difference to them. Check out a map.

Fri, 10/28/2011 - 13:32 | 1821514 LawsofPhysics
LawsofPhysics's picture

Good luck with that Merkel.  Give one participant a free ride while telling the others that they are stuck.  If there is anyone left toiling away to pay their mortgage, regardless of country, you now know exactly what a sucker you have been.  Crash the system already and let's find out exactly who's labor is of any value.  I promise compensation will find it's way back to people who are actually worth a shit.

Fri, 10/28/2011 - 13:55 | 1821626 B9K9
B9K9's picture

Come on dude, you know the score just as well as Merkel and everyone else in position of authority. Not one person didn't see this coming; on the contrary, they all knew it was coming, but proceeded apace regardless.

Since CogDis is apparently taking a (brief) hiatus, I shall paraphrase something he was fond of quoting, to wit "we exchanged a heart attack for cancer". IOW, every day is another day to live. It doesn't matter about other falling dominoes, such as Ireland, et al lining for some 'Greek style treatment'.

It only matters that the system lives another day. The day market facts finally force acceptance is when the system actually dies. It can't possibly survive the degree of deflation explicitly built into such a mountain of debt. So it will fail.

With that in mind, all this day-day news flow & analysis is just BS. It's a binary problem for the PTB- die now or die tomorrow. So, why not live another day? The day it dies is when real competition, real value-add, real cost/benefit analysis begin once again. If you're a money-changer, why would you ever want to get down into the gladiator pit and fight for survival?

Fri, 10/28/2011 - 13:57 | 1821655 LawsofPhysics
LawsofPhysics's picture

Living just fine.  Best line in any movie "get busy living or get busy dying".  Chance will always favor the prepared mind, period, and as you point out, it really is up to chance.  This is a trading site by the way, and when the market swings like this, you can bet your ass that it becomes important to those who make a living doing it.

Fri, 10/28/2011 - 14:01 | 1821674 ziggy59
ziggy59's picture

Quoted from Shawshank Redemption. Yes an excellent movie... Time tou view it again soon.

Fri, 10/28/2011 - 14:19 | 1821804 Mike2756
Mike2756's picture

Dyin ain't much of a livin.

http://youtu.be/C3Oa2tLrWqY

Fri, 10/28/2011 - 13:53 | 1821638 Cdad
Cdad's picture

Good luck with that Merkel.  Give one participant a free ride while telling the others that they are stuck.

Exactly...just how are they going to do that?  Answer:  they are not.  Just more platitudes from an intellectually bankrupt group of politicians.

Fri, 10/28/2011 - 13:59 | 1821667 Cruel Aid
Cruel Aid's picture

Smoothing is applied to everything.

Pain will be avoided everywhere and for as long as possible in every segment of society.

It's human nature, and hope.

 

Fri, 10/28/2011 - 14:31 | 1821884 gwar5
gwar5's picture

Couldn't have said it better. Good one.

Fri, 10/28/2011 - 14:32 | 1821887 gwar5
gwar5's picture

Couldn't have said it better. Good one.

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