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Grauniad Rejected - Germany Denies All Rumors
Nobody could have possibly foreseen that the Guardian was literally pulling BS out of its ass:
- GERMAN GOVERNMENT OFFICIAL SAYS THERE WAS NO DISCUSSION TO BUY BONDS OF CRISIS HIT MEMBERS AT THE G-20 MEETING - RTRS
Have fun with this lunatic, patently fake news driven shitshow that the "market" has become. We are out.
Previously:
From Guardian "Madrid was forced to pay a record 5.7% on Tuesday mornign (sic) to borrow €2.4bn for just 12 months".
— zerohedge (@zerohedge) June 19, 2012
Hopefully the Guardian has better "sources" of information than error and spelling-checkers
— zerohedge (@zerohedge) June 19, 2012
Turns out it doesn't.
From Reuters:
Germany says did not discuss EU bond buying plan at G20 summit
There was no discussion at a G20 summit in Mexico this week about using Europe's rescue funds to buy up the bonds of stricken members of the euro zone, a German government official said.
British media reports on Tuesday said German Chancellor Angela Merkel was poised to use Europe's dual bailout funds, known as the EFSF and ESM, to buy up the debt of countries like Italy and Spain and had discussed the plans at the summit.
"Secondary market bond purchases are one of many instruments available to the EFSF and ESM," a German government official told Reuters, speaking on condition of anonymity.
But he added: "There was no discussion here in Los Cabos about any concrete intitiatives" related to such purchases.
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He he, Tyler said "shitshow."
"We are out."
Finally drove Tyler to drinking. It's 5 o'clock somewhere...
Does anyone not know this is a comedy? (Except of course for the poor European ministers who still hope to be taken seriously).
amazing how this "news" pops just as the spx hits the 61.8 fib retrace. absolutely pathetic how all news flow is based on current "market" (i use the term market very lightly, since it really isnt one) prices.
The Guardian is the new tabloid-esque Sun.
Front page stories of Alien Abductions, boobies galore on pages 2A through 15A.
its a paper that is read by the newly crowd...newly graduated newly unemployed
newly lobotomized...
The Brits have to host Wimbledon, the 'Open' Championship, & the Olympics all within the next month...
Anybody will tell you anything to keep the next party from being interrupted...
In reality, it's not the "world vs. Germany" on eurobonds or German taxpayer gifting of trillions (now and in the future) to the PIIGS+U.K.
In reality, it is the two financial capitals of cancerous fractional reserve central bank dependant 'member banks,' who are stuffed to the gills with the 'sovereign bonds' of the PIIGS, and consequently need another multi-trillion dollar bailout (the biggest to date).
So, it's New York & London (represented by Cameron and Obama, both funded, backed and, consequently, carrying water for Goldman, JP Morgan, Barclays, etc) vs German taxpayers.
The U.S. President and British Prime Minister, both bought and paid for puppets of Wall Street & London Lords of Finance, need to vacuum up the northern europeans' savings and pledge their future wealth, so as to allow Wall Street & London institutions to extend and pretend as they continue to bleed capital, using northern european money to plug holes in their sinking vessels - which will inevitably capsize anyways (but the Captains and crews want to silently steal the remaining lifeboats in the middle of the night).
Very trendy.
Yeah but the problem is, market ramps up on said rumor and market doesnt go back down on said rebuttal of rumor, hence, rumor mongering is the way to go.
Algos
Must Hold
I wondered what caused the first drawback on the ES all forking day. Oh well, back to the afternoon QE rumor ramp.
Tyler's knowledge of the Grauniad's (sic) history of awful typos suggests he perhaps worked in the UK for a while. Kind of thing you only learn living here.
It sounded like a huge mythological beast to me, like the Kraken or Rosie O'Donnell.
"It's always after noon somewhere in the world."
Wasn't it "it's always 8 o'clock in the morning somewhere" to start drinking?
That's exactly right! I've only just recently abandoned that and instituted the new and improved method of: "It's always... Fuck, I'm sober again..."
The Guardian is the best, why?
see why here:
http://www.youtube.com/watch?v=qvJonqdDLpM
It's like that subjective bullshit statement; "it's a crisis of confidence". No, it's an objective crisis of sovereigns not having enough money to pay their national debts and the whole system being bankrupt.
Sorta. It's an objective crisis of sovereigns whose politicians and leaders sold out their people to the banks for the promise of eternal spending when instead what they got was eternal debt.
But yes, the whole stinking global system is bankrupt.
These idiots are going to try anything to see if it works.......
When they start to tell the big whoppers, they are getting desperate. Another lie will be coming up by morning.
should be back at days high in a moment. cant disturb the fraud
Breaking: Government minister found dead floating in hot tub with multiple stabwounds to the back. Heart attack suspected.
Breaking: German government to buy Greek debt at 1% above market. You must believe. Do not doubt. You must believe. Do not doubt...
The problem is these mega-market-moving rumors are all somewhat credible, no matter how incredible they may seem
.... Germany sure has gotten fast at the whole 'rumor denial' thingy ....
They have a "nein" button they just push now. Why not? Energy efficient.
Of course Germany has learned to blitz the French trench-digging. It is so transparently a PR war of rumors and pressure by France, its indentured servants Spain and Italy, and a part of The City which wants joint-and-several liability for its euro-zone credits...against Germany. It is high time Holland, Sweden, Denmark, and Austria spoke up on Germany's behalf. I note FM Borg of Sweden has started to, as well as some of the others. The issue is serious and the outcome will be momentous. Yielding to France's transparent ploys would be the wrong answer for the entire north. No?
it looks like you prefer a political systems where everything is decided behind closed doors? ah, I forgot, trading likes the breezes of rumor and all those politicians don't breeze the right way.
I forgot that many democratic systems had to bow before the logic of the markets. or was it some of the market participants' special interest groups? I forgot
Zee Germans have always been very efficient at killing things, rumors included.
Plodding pikers compared to Stalin and Mao.
Is it a carpet bomber saying that?
ouch
could someone please end this...its getting tiring
It is such a freaking joke....the market that is....look out below! At least until the next fabricated BS "we'll save the union" rumor starts up. I'm becoming a day trader to take advantage of this joke of a market rumor ramp and reality bites/blows.... with my play money at least.
It took ten years for financial and economic shocks to fully morph into socio political shocks in the great depression, and you should expect nothing less this time.
'Have fun with this lunatic shitshow that the "market" has become. We are out.'
What does that even mean? Surely this can't be the first time a British publication has lied?
So many questions remain.
THERE IS NO MARKET.
Buy bonds and plan to sell before the debt ceiling fiasco.
Buy nothing but tangible things, which gold is NOT. Gold's value is in the minds of people and nowhere else.
Farmland's value is in the stomachs of people. Buy that.
'THERE IS NO MARKET.'
Histrionics. He was testifying before some meaningless public entity today. Be back tomorrow. Jeez, relax man.
Who testifies where is irrelevant to there being no market.
Buy farmland. There's nothing else.
Last opportunity to buy ES below 1360 before QE3. Hurry up! Shitshow is a calling you to give Wall Street your money.
Pfft. I'll be selling tomorrow. Look at all the long inventory that's gonna get run out after the minutes.
Annnnd its gone....
http://1.bp.blogspot.com/_PLjNWOu-Zn0/SftPqSWa7XI/AAAAAAAAAoA/hAKvdXTrZ6A/s400/perma+bear.jpg
Whoever wrote that in gurdian should be investigated
like THAT'S going to happen
Alien Invasion Imminent.
Market surges on hopes of new investors.
"Alien Invasion"?! ... I just got my mind around the moon crashing into the earth & now I gotta worry about a feak'in alien invasion?
Say it with me: B-U-L-L-I-S-H
Okay. B-U-L-L-S-H-I... wait, what were we talking about again?
Some crappy algo just added a few cents to the damn FaceBerg stock because it read you "Okay." on ZH.
There! Markets explained.
mic stands ready to sell them the weapons, they will use to destroy us.
At first glance I read "Microphone stands"
So now its;
A rumour about a rumour ,of a rumour ,about a plan, to plan, to make a plan ,to fix an unfixable
shitshow.
Full speed ahead,damn the icebergs.
Just frontrun the frontrunners frontrunning the guys who are buying the fucking dip
verrrrryyyyyyyyy intarestinnngggggg
Its amazing how they can keep coming up with news items to keep shorts in the game
http://4.bp.blogspot.com/_ahuvxRitU74/S2om5L__xlI/AAAAAAAAPek/IBh_yamC9IA/s400/ExplodingCigar.jpg
how do we know that the German response isnt the lie ?
why would you deny a discussion where 19 other countries were present that could confirm it? ....
How dare the facts get in the way of this rally! More printing
No, no. Stick around. There will be more news about Greece and Spain. GreeceGreeceGreece. Can't get enough!
Merry Tyler; More (beer)
What, What no fiscal unity?
These rumors have the half life of a Quark...
The Guardian report must be a bad joke. There is simple now way the Merkel could make such a move without asking the German parliament and other eurozone countries. Furthermore, today the Court of the Constitution bitch-slapped the German government for not informing the parliament sufficiently when negotiating the ESM. So there is no way that Merkel could decide such things on her own.
So is the Guardian:
a) misinformed
b) trying to get readers
c) manipulating markets on behalf of someone (to profit off)
??
Gonzo journalism gone mad.
d) All of the above
and Im seeing more than ever, the
"I dont believe the Liberal media" bumperstickers here in FL lately
LOL
a lil late for that man.. roflzzzzzzzzzzzzzzzzzzzzz
That's it! This is the last article I read on the Euro crisis. The next one I read better have a title like "Stocks plummet, Gold soars - on no news at all"
But we didn't need to use the rumor until tomorrow, since markets today are being goosed by the Dimon testimony and the FOMC meeting. But that's OK, we'll have other rumors to work with tomorrow, and we'll never run out.
On the other hand, some stocks are really getting out of hand today.
A little slip on the wrist so to speak.
AND!!! The lemmings will only hear from it tomorrow...
Cue the banjo band!
Not much of a suprise the Guardian being used to fly kites by certain EU spokesmen - Never let the truth get in the way of a good story
I am absolutely amazed that the market gives the british version of the National Enquirer that much credit.
They don't. Crap like this is just used as cover for the PD owned algos that have been told to keep ramping and short squeezing, enabled by ZIRP and with the full blessing of the federal reserve. If the rumours and lies were causing the market to slip then they would be investigated immediately.
"Have fun with this lunatic, patently fake news driven shitshow that the 'market' has become. We are out."
LOL
+100
Geithner was the Guradians source. ;)
Lies
Damn Lies,
MSM
Because if they made algos oblivious to bullshit rumors.. we would have no market left
"Have fun with this lunatic, patently fake news driven shitshow that the "market" has become. We are out." - ZH
A famous quote from a movie comes to mind...
"If you're not inside, you're outside!" - Gordon Gekko
The whole charade is 100% FUBAR.
I think SNAFU (situation normal all fucked up) is a better aconym to describe the 'whole charade' than FUBAR (fucked up beyond all recognition), because politicians lying to people until they are out of office, and can kicking, and finger pointing, and did I forget lying, all seems very familiar to me.
I can go along with SNAFU.
Here is a list of acronyms akin to SNAFU:
http://en.wikipedia.org/wiki/List_of_military_slang_terms
BOHICA (bend over, here it comes again) also seems appropriate
I am frankly running out of explicit words to use to describe my utter disgust...
But did they discuss selling the bonds of crisis hit members?
just out of curiousity, what exactly is the purpose of having a stock market?
give the ZH readers something to watch and comment on
Purpose? So the market can bury stories like this:
http://news.yahoo.com/fedex-predicts-slower-earnings-growth-120140712--finance.html
Stories about market gains bury stories about what is actually happening to companies that make up the "market".
FedEx is a major indicator of health. If they are sick, most everyone else is. I guess the algos missed this one.
I need more time to prepare anyway. Let the market celebrate!
Is it Friday already? Why the humor?
Amazing that this obvious misleading of the public is not being looked into by regulators.. Ehm.. I can't believe I said that. The only joke bigger than the media is the regulators. That said: Democracy is such a wonderful thing. Now let's all take responsility and blame ourselves a minute for electing mass producers of lies with small pea brains and hardly any spine. Why do we have to be so stupid that we only vote for people wanting to give away money that doesn't exist? NO ONE would vote for an austerity swinging, let's roll up the sleeves and work real hard (for moderate pay) kind of guy or gal. Let's just all be honest about that.
Thanks to Zerohedge for being one of the very few on the frontline of financial sanity in these crazy crazy times.
Now; let's just wait and see if the markets, the obviously manipulated media and regulators can drive this to the ground finally so we get a reset and new chances. Hopefully without any bloodshed in Europe or anywhere else. I am just afraid we won't learn. If there is one thing history shows it is that we never learn from our mistakes.
"Have fun with this lunatic, patently fake news driven shitshow that the "market" has become. We are out."
Join the club, Tyler.
Oops. Shoulda BTD. Crooked Mofos
SOP for a FUBAR market. All news releases on making chicken salad out of chicken shit have a half-life of less than 2 hours. That's about how long it takes the final shorts to panic and get out right at the top, just as the news breaks it was all bullshit. Welcome to my world.
http://vegasxau.blogspot.com
Doesn't matter what Merkel says. Momentum has changed, huge breadth surge to the upside after we cleared the 50-day will get most of the mo-mo traders switching to the long side.
Line of least resistance is up. Doesn't really matter though, everything is tied to what Bernake does tomorrow.
Stay loose
http://www.theglobeandmail.com/news/politics/canada-secures-invitation-to-join-coveted-pacific-trade-talks/article4347053/
“Like the Canada-EU deal, the Trans-Pacific Partnership could force Canada to change its drug policies, its copyright policies, its environmental and public health rules – all without going through the normal parliamentary process.”
Welcome to the NWO...
You do know there are supposed to be spelling mistakes - that is why it is called the Grauniad
should any1 investigate those leaks? it can be very well inside trading and manipulations.
Some1 decide to make few bucs and publish the rumor. Corzine all those muppets for good.
"Have fun with this lunatic, patently fake news driven shitshow that the "market" has become. We are out."
What took you so long? I figured you were out long ago.
I've completely weaned myself off the MSM in all forms. I've also completely weaned myself off trading stocks. Feels so good!
Of course Germany is going to try to bail out all of Europe! Then China and Japan will try, then the US will try and they will all fail. Those in charge just keep taking more and more power and nobody does anything to stop them. Oh, but, oh my, look at how wonderful the results are! Greece has been fixed! Ireland is an island paradise! Portugal has never had more time for siestas. Spain is grooving along now that the ESM/ESEFLMOPQRSTUVWXYZ has come to relieve them of their suffering. And the US powers have really made it wonderful, while breaking every record in the book for borrowing and spending they keep the balloon sinking slowly rather than collapsing. Nothing will stop these people until, we the people, force them out and I don't think we have the character to do it....
I heard that Marvel's Avengers were offering a bail out plan.
True I just made this one up as well, but if we say it often enough everything will be solved...and if not - expect a 1% stock jump tomorrow morning. If nothing else, that should be tradable. In which case, if we come with a rumour per day, we can get the Dow up a 1000 in less than three years. Even better, we can get the hero's to sign off the Eurobonds!!! Imagine owning a Greek bond signed by Thor God of Thunder
As usual, I expect the consulting sum of only £2000 - way cheaper than a G20 convention that delivers nothing.
Please forward your money to my Nigerian account
Regards
Loki
PS I have a bridge for sale!! Wanna look? Just remember its going fast - I have 19 signed up already, only the German is holding out, so this deal will go fast!!
Dam, bit-chezzz, we could make up all kinds of rumours and seed them thruout the internets!
"Obama to give 1 Trillion$ to Euro."
"China buys USA."
"Spain, Greece and Italy merger on Tap."
Brilliant!
Give this man a job! You are now the Rumour-monger in Chief!
No need for bailouts, rumors are free. More outrageouss the more they juice the markets.
SHORT the fucking Euro...short...short....SHORT the bitch...across the board.....vs. everything...even the Zim Dollar...
Fucking POS currency.
maybe they were talking out of earshot of the Germans
Aaarrgh!
Didn't notice my shit sandwich has exceeded the expiration date...
Seriously though, Germany may lose more by not easing up on the Greeks. Call it a mortgage refi. Hell, we do millions of those is the US.
http://confoundedinterest.wordpress.com/2012/06/19/wake-of-the-flood-investors-anticipate-central-bank-intervention-flooding-get-a-life-jacket/
"Have fun with this lunatic, patently fake news driven shitshow that the "market" has become. We are out."
That is the most bearish statement I have seen since I started reading ZeroHedge. Im initiating short ES.
Apparently this was the brainfart of the unelected ex-goldman Mario Ponzi err... Monti. But he has said crisis is over and Italy doesn't need help. He didn't lie, did he? LOL!
The same story is in another major UK newspaper, The Telegraph:
http://www.telegraph.co.uk/finance/financialcrisis/9342727/Debt-crisis-E...
all part of the false mirrors in the anglo-german stand-off. Psy war and false bulletins before the purported ECB blitzkreig and the FED operation twist or more. Next venue is the June 28 Euro meeting during which France and Germany have to tighten their last round of tit for tat, before Merkel makes her final make or break call...In July the deal, one way or the other, has to be in place for Greece and for Spain/Italy.
Tylers have missed this??? Here's the bailout
http://www.telegraph.co.uk/finance/financialcrisis/9343049/Debt-crisis-Spain-and-Italy-to-be-bailed-out-in-600bn-deal.html
Im out, and just about dang near everyone I know is out too.
Who's in (besides Spain and Italy)?!
Germany is not Bernakistan.