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Here Lies FrAAAnce: 8/10/1994 - 1/13/2012
Here lies FrAAAnce, which passed away (according to Reuters and TF1 for now, official statement from S&P due imminently) at the tender age of 17. It shall be missed.
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Wow! I knew this was gonna happen, but didn't expect it til after the close. S&P gettin ballsy.
Yeah, but only one notch... ES says that's no big deal....
Algos don't read ZH - give it a few moments before the state-run media get a hold of it and all the HFTs react accordingly.
Au revoir, nous vous avons à peine connu! Or something.
The "new" thing is to start all these things flying just before Martin Luther King weekend...
Most people haven't even latched on to the idea that it's actually a holiday weekend with a markets closed Monday (in US) aspect...
The significance of Friday the 13th
On Friday, October 13, 1307 Templar Grand Master Jacques de Molay and several Templar Knights were arrested by King Phillip of France. Most were eventually tortured to death.
The Templar’s where the international bankers of the time, some believe they still are!
Phil roasted them over a slow fire. On this one, history will repeat.
If only an Absinthed Van Gogh were still alive today to paint the swaying financiers of La Defense.
... and just two months from now our British banking colleagues will find out more about their nightly shivers and fevers.... :-{
friday 13th...
the bond bubble will burst soon.
http://azizonomics.com/2012/01/10/its-a-bubble/
About March.
The carnage will come shortly before the close
Carnage indeed!
BREAKING NEWS FROM FRANCE
h/t Yahoo's frontpage.
Exactly, Even if you say oh that agency is not credible it still has an affect. Theses reports are very big news, and again are going to have rippling effects through all economies. No one is immune in this Global economy.
Good thing we are running into the weekend
http://www.dailyjobcuts.com
Carnage? Lets see - wouldnt be surprised if the "dumb" money is collected and marktes are closing green.
The downgrade hasn't actually happened yet. Reuters is reporting that French television is reporting that a French politician has advised them that S&P will downgrade both Austria and France to AA+ sometime today.
I certainly hope that is just the start of who they are downgrading today ....
I am still SHOCKED that this was leaked this morning... I'm sure no one traded with advance notice on this downgrade.
....is shorting Brie. And will be drinking a Bordeaux throughout most of the day.
A few words for post-mortem FrAAAnce
You hardly were given a chAAAnce
Your old joie de vivre
Abruptly did leave
And left a foul stench in your pAAAnts
Here, my friend. A glass of Château Lynch Bages, Pauillac for you. We will now limerick together. First, of course, a little ditty by Miss Fronch Hot Pants:
http://www.youtube.com/watch?v=6Ttwoee0uWo
Much appreciated dear Betty....you are an instant favorite of mine. I have always considered French women to have a certain...Je n'est c'est quoi. Love the video!
Nothing like some T & A on a Friday.
Music - 5
Chick - 10
But why does she need the nerds playing air guitar?
Sorry but you morons actually think that S&P is a credible rating agency? LOL. Top Nobel Prize winning economists, top financial services professionals, and top government and Federal Reserve officials have expressed their almost UNANIMOUS divergence from S&P's ludicrous downgrade of US debt. Hmmmm. who should I believe? A bunch of doomer day traders on Zerohedge or top economic leaders and industry professionals?
You can believe whoever you want. EUR tanking regardless.
Is it true? Is Mr. Durden building an Army?
I'll just leave this here...
https://www.torproject.org/
http://www.i2p2.de/
https://tails.boum.org/
MDB I use to believe in Santa Claus.
Thank you for doing so, Mr. Conrad Murray. My ads appear to be in Russian, now.
Forex in German? Hookers in Taiwan? Who am I?! Where am I from?! <<-- Ron Paul tells us that freedom from tyranny is a right, and it feels damned good to feel free (even if I'm likely not, and still being tracked and put on watch lists . . . always more to learn. OpSec, etc.)
Where do i sign up?
So true...`
I have never seen "moron" and "ludicrous" used with such grace in a single post!
and ... regarding ...
Top Nobel Prize winning economists, top financial services professionals, and top government and Federal Reserve officials have expressed their almost UNANIMOUS divergence from S&P's ludicrous downgrade of US debt.
Right .... all the sissies that helped deliver our current calamity are right and everybody else is wrong ... still ... for top notch rhetorical impact my preferences for top drawer superlative phrasing would have been best of the best or best of the best of the best or best of the best of the best of the bestest!
Heard the Obambi only needs another 20,000 confirmed kills of women, children and cripples to be a sure thing shoe-in for a second Nobel peace prize.
(i did not know Ricky Santorum posted on ZH - go long to your hearts content Ricky!!! ... wasn't his daughter a character actor in "Yellow Submarine"?)
Anyone betting we don't get the same FTSE close dip profile we usually get today?
On the market manipulation play by a US government front (QE whatever and limit increase): Guessing the top notch prez's request for a 1.2 Trill bump for a USD dump debt limit increase will counteract anything the S&P stamps on those guys across the pond that used GS for phynancial engineering will have the not too unexpected equalizing effect on US rating.
Since traders have increased what they will pay for US debt since the downgrade, there is no divergence of opinion to choose from.
That's not the point MillionDollar. The point is IT MOVES THE MARKET.... and many of us here are TRADERS. We can smell the bullshit, but it's our living....
Spot on. Just like when your bank tells you that your credit rating isnt good enough for a 4th mortgage, you should not believe them and get those equifax people hanged.
top economic leaders and industry professionals...
Any of these assholes call the 2008 crash? Just saying...
Austrian economist.
C'mon MDB, you can do better than that. :)
Off your game a bit today? :)
"top financial services professionals, and top government and Federal Reserve officials"
The ones that are really considered top don't work for the big FINANCIAL SERVICES firms, the gov't, or the federal reserve.
Call us doomer day traders, but it's obvious you're a dumbass day trader or just crying because the day is coming where sucking on the gov't nipple isn't going to support your lazy taxpayer-funded ass anymore.
The last I checked, I'll take a Hugh Hendry anyday over you scrubs in Wall Street whose compensation is tied to how much you pump up the stock market.
I think MDB was being ironic, tricky to get across in print.
Moronic, ironic, same thing with MDB.
He was being ironic as much as I hate Duff Beer and donuts.
The morons would be you and the various shills for the US government that you cite. The US has 17 trillion in external debt and 130 trillion in unfunded entitlements(all growing $5 trillion/yr) with a (falsified) GDP of $15 trillion. Perhaps you should examine the data in Rogoff and Reinhart's "This Time it's different" to see what happens in such situations. The US should not even be A, let alone AAA.
"Sorry but you morons actually think that S&P is a credible rating agency?"
It must be Friday the 13th because other than calling us morons...rubber glue yada yada yada...I agree with MDB.
I'm going to go lay down now. I may not come out till today is over.
I need a Klonopin.
France has no money?
That's a shame.
But French babes are smoking hot. They smell like strawberries.
Here's a question.
What country actually has any money left?
Don't tell me China. Talk about a hoax.
The entire fucking world is broke.
DK about money. But ZOG got the gold.
Props to Tyler for keeping the sarcastic posts of commenter MillionDollarBonus_ going ...
Despite all the negative down arrows from ZH readers who don't realise MDB is being pseudo-troll sarcastic.
Keep it up MDB, so often good for a ZH chuckle!
MDB might be an ongoing test for the ZH readership ... the up - down ratio a measure of how many 'get' the joke ... the real joke of course being the global economic propaganda, so well parodied and encapsulated in the tilted-angle comments of MDB.
I'm sure this will be down-voted, but my two cents: It clutters otherwise interesting threads. I would prefer that the posts go away (voluntarily)
Meanwhile, I find the skewering of "conventional wisdom" to be not only entertaining, but enlightening, when its done correctly.
He kills the message though when engaging in name calling.
I gave MDB a green arrow just because of your post but I'm with kridkrid I pretty much know what the jist of the post will be as soon as I see his avatar/picture and skip it.
@ Krid
I agree. the number of individuals that still take him seriously makes for some silly diversions. Thanks for the laughs, MDB, but it may be time to hang it up. Perhaps come up with a new avatar and different form of Satire?
Sarcasm is the hardest voice to hear.
It's but a whisper between friends.
DDT's on ZH! Right On! If you can't drain the swamp, then at least kill the disease ridden vermin that infect its stagnant waters!
@ $1,000,000 boner, you can definitely rule out the " top economic leaders and industry professionals" they don't have too much credibility anymore. i think i'll go with the ZH doomers for now, thanks.
Million Dollar Bonus=50 cent brain
Watch the shit hit the fan dude
SELL!
Yes Credible, however a lagging indicator. ZH downgraded these countries months if not years ago. Of course the Fed would say that, they own most of the debt, they cant stand losing anymore. First it was snap bracelets, then baseball cards, POGS, and Beanie Babies, there is no more room in the vault to keep this useless US Paper.
Excellent point, MDB, but you failed to mention the two most prominent analysts of all that support your position, Tim Geithner and Barack Obama.
No they are not. A serious rating agency would have downgraded everyone to hell back in 2008. At the latest.
MillionDollarPenis(YouWish)InYourMouthWhenYouTypeOnYourKeyboardGaylord_
I agree. Surprised with the timing. Will be interesting to see market reaction. S&P only major rating agency with any guts.
Quick! Attack Iran!
Gold is falling 15$ for every 5€ it rises hmmmm arbitrage?
How do we say to France??
Au revoir - Goodbye
Adieu - Farewell
A la rentree - See you in the "fall" (and we ain't talkin about pretty leaves and harvest season)
V
That's where watching the Sound of Music with the wifey comes in handy :)
So long, farewell, Auf Weidersehen, goodbye
http://theimperatore.blogspot.com
They sure are! According to breaking news on Bloomberg. It's official!
BREAKING NEWS France to Lose AAA From S&P, AFP Says, Citing State Official
Which will inevitably lead to a downgrade of the credit rating of the EFSF.
That's the biggest, but hardly the only Bank of BS backstopped by the full faith and downgraded credit rating of France. I really hope they drafted the standard follow on downgrade releases ahead of time, otherwise someone is going to have to put in some serious overtime this weekend.
You have some responses waiting for you elsewhere... me thinks you know where...
At least they won't be alone. Looks like we might have a mass burial today.
http://silverliberationarmy.blogspot.com/
"His entire life was a lie"
Better do another rerack Tyler...
no!!!
du bois.........
rumor is Austria
What's going on in this thre...Aw lawd.
Fitch! What say you?
Bonne nuit!
Gold just tanked.
James Turk has been chortling about a "systemic failure" in Europe.
Now he's got it.
And gold is getting gut-punched as a result.
I told those guys to root for Dow 15,000, not Dow 8,000
When will those clowns over at KWN learn?
long term will be ok, because massive printing will be done....but yes short term ive also been saying....gold/silver get sold like everything else in a panic.
barkingbill
gold/silver get sold like everything else in a panic.
Always amazes me at the tards, SELL real money for fiat shit in a panic.
Yep, makes sense to me.Get rid of real value for PAPER,from countries who couldn't buy, see,find a Black entry in a Ledger anywhere.
Now, thats what I call Protection.
Only caveat to this if you need it to EAT.
Paper gold and silver are outperforming the markets by FOUR HUNDRED to SEVEN HUNDRED percent so far in 2012. Physical gold and silver are selling at a THIRTY+ PERCENT premium to the paper crap, IF you can find physical in quantity.
"Tanked"? ... Gold is down less than ONE PERCENT ... Learn percentages, fool!
That's a bit US centric, there are fully allocated ETFs, ring fenced from the issuer for gold and silver, and they track COMEX prices. It's just that they are not open/available to US citizens or everyone under the US persons act. And remember: The terrorists hate our freedoms. The fuck.
BURN PAPER METAL, BURN!
If you dont own Physical, you are going to be cremated in the INFERNO
Ignore the prices as long you dont sell lower than what you paid for delivery of physical metal.
Yep, now that everyone is scrambling for liquidity, and everything will go down, or the dollar will rise relatively to everything, the Bernank will scream deflation is here, and he will print moar and QE moar and then everyone sitting on cash will panic as they realize that not only is he printing now but that he has never really stopped, and the panic buying of hard assets will begin for real. If PMs dip, this is the dip to buy. Then again I could be wrong, because gold is backed by nothing, and the USD is backed by the FED and the US government, or something.
I measure market performance on the back of the amount of establishment propaganda you feel the need to spawn.
RoboRoach scrurries from his dank crevice to post and back like a flash, out of the light into saftey of his beloved windowless world...
blah blah blah you can't beat uncle gorilla paper blah blah blah (uncle gorilla paper is a term now etched in my memory for Pete's sake!!!)
Since when does rooting matter. Gold will do fine in the end, when US dollars are being used for kindling and cage liners.
Those cages will be the punishment cells in the FEMA camps, no? How nice of them to line them!
When will those clowns over at KWN learn?
When they get a better view in their rear view mirror.
@ Robo wanker systemic failure is Europe will take some time to fully devolve and is definitely gold positive. gold seems to be more correlated with the EUR/USD than equities. in fact if you haven't noticed Au and equities are positively correlated. your personal animus for the gold bugs is a little tiresome. think more. react less. find a woman. and lay off the porn sites. you'll be better off for it. http://www.24hgold.com/english/news-gold-silver-gold-correction-is-over....
She was barely even legal (Outside of Tennessee, Oregon, North Dakota, Iowa, California and Arizon, anyway).
And, yet, practically geriatric by the Vatican's consideration.
and unfortunately, female.
FT reporting downgrade of France and Austria is one notch to AA+.
Oh no! AAA to AA+?!?! What is this world coming to?! Is it just me, or is this charade ridiculous? When does Fitch respond by downgrading the U.S.?
Fitch is a bitch. They aren't allowed to respond.
Might this be the smokescreen before the discussion on raising the US debt ceiling brings the drop of another notch for the US? Are we just hoping the markets will grade on a curve???
It's that damn Hansel. He's so hot right now. No downgrade there.
The AAA rating is significant for many reasons. I don't have time to educate you, but people are making a big deal of this for a reason.
bonsoir
got bonds?
Zeros, Bitchez
Who will want to hold long going into a 3 day weekend???
It's on Le Monde
La note de la France dégradée par Standard & Poor's, selon une source gouvernementale
L'agence de notation Standard & Poor's a dégradé la note AAA de la France, vendredi, ainsi que celle de plusieurs pays européens, selon une source gouvernementale citée anonymement par l'AFP.
You mean to tell me that France has odious sovereign debt, and its banking sector is riddled with serious, infectious diseases?
No way.
Sarkozy & his lackeys have told everyone that France, the French banking sector, and the EU as a whole, were strong & well-capitalized.
Sarkozy is a man of honor, decency & truth telling.
S&P needs to reassess their figures. A comma or decimal point has been misplaced somewhere.
Quelle horreur!
Dance, Tyler, dance.
Now where is Moody's hiding? When are they going to man the shit up and downgrade the US and Eurozone.
Haha CNBC QE3 talk right on time.
what is LMFAO in French? :-D
rire mon cul baise hors
?!? google lingua realy doesn't cut it for idioms..
j'en tombe sur le cul de rire (TSLCDR)
oui,oui! Google translate :-)
"I fall on my ass laughing"???
what about the "F"? that's the best part!
+1 quite right. keep the F: (fuck, fuckin == foutre, foutu).
j'en tombe sur le foutu cul de fou-rire. (TSLFCDFR)
much foutu better
LMFAO's still LMFAO, but they call it "le LMFAO."
pods
Sark and Team Frogmen will cozy up to the Kaizer biatch of the Fourth Reich. Team Frogmen will carry the Kaiser's water from here on out.
De Gaulle called LBJ's bluff, and Nixon folded in '71. Now the shoe is on the other foot. Sacre bleu....
The whole western world shares the same putrid shoe. De Gaulle was right... and the world went off the rails when Nixon folded. The whole thing is coming down together.
Agreed, +1. Ironies.... France fights first Vietnam war, asks for U.S. intervention in '54, Ike refuses. U.S. c/o JFK and LBJ gets sucked into second Vietnam war, prints to pay for it. France c/o DeGaulle demands redemption of excess printed dollars in Gold. Bretton Woods dies. And 40 years later.....
...on a long enough timeline...
:-). Great scene in Apocalypse Now Redux touching on the very subject... it didn't make it into the original, but did into the re-release. Love the scene.
hedge funds blowing up Greece to make their vigi, France downgrade..more etc etc...yet the market goes down(equity) 150....please market is broken.....Europe could be in flames....NY Fed would be buying E-minis....lol joke
http://www.youtube.com/watch?v=LqB9lhHqmsE&feature=fvsr
Cheap Trick, 'Surrender' live on Midnight Special
sniff
So now is a good time to buy Euros?
Flounder, you're supposed to say, "Oh boy, this is great!!!"
S&P in a French supermarket: May I have ten thousand marbles, please?
et maintenant, que vais-je faire...
Great wine but other than that she won't be missed!
Don't forget the cheese....
...and the fresh bread.
...and that goose liver stuff
Yummmm.... Foie gras d'oie
and the cognac....
...definetly Cognac and also Eva Green...
....and skiing in the Alps and the topless beaches on the Cote D'Azur
France is more than just great wine. Try food, pastry, healthcare, tendency towards socialism and culture to name five.
VivAA France
Did you know that France imports the same amount of oil as they did in the 1970's???
Market is yawning as I type considering all of the hyperbole in this post
Remind me again..wasn't AIG triple rated?
German Bund Futures hitting record highs this morning.
http://www.reuters.com/article/2012/01/13/markets-bonds-euro-idUSL6E8CD1...
Paper, Bitchez!!
El Guapo from 3 Amigos: 'I like this guy, he's a funny guy ..'
More like "Why should I pay you commission to lose money for me bitchez!"
RoboRoach, thanks, an intelligent and astute post once in a while happens by accident. French debt is going to tank and CDS rocket up and Germany is going to be a big loser because it's holding a large portion of France's shit debt.
Robo dreams on, wishing he was in those paper markets, just watching from the sidelines.
look at the bright side, maybe we get more events in France like this
http://www.youtube.com/watch?feature=player_embedded&v=yUlOESvphDE
BTW best comment on it: imagine if they tried this in the USA on Black Friday with the supersized bodies
"imagine if they tried this in the USA on Black Friday with the supersized bodies"
...in Houston - LOL
Disneyworld or any all you can eat buffet
I'm pretty sure I know the exact store in Lyon. You couldn't get 100 average-sized Americans into that place. Way too much flesh and flab. For Americans, it would be limited to the first 25 in their undergarments rather than the first 100.
This is not fair! The US governmnet needs to investigate S&P immediately. We need confidence not downgrades!!!