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Here Lies FrAAAnce: 8/10/1994 - 1/13/2012

Tyler Durden's picture




 

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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Fri, 01/13/2012 - 11:26 | 2061442 T-roll
T-roll's picture

Wow!  I knew this was gonna happen, but didn't expect it til after the close.  S&P gettin ballsy.

Fri, 01/13/2012 - 11:31 | 2061481 B-rock
B-rock's picture

Yeah, but only one notch...  ES says that's no big deal....

Fri, 01/13/2012 - 11:44 | 2061564 homersimpson
homersimpson's picture

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.

Fri, 01/13/2012 - 12:03 | 2061680 redpill
redpill's picture

Au revoir, nous vous avons à peine connu!  Or something.

Fri, 01/13/2012 - 12:14 | 2061728 francis_sawyer
francis_sawyer's picture

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...

Fri, 01/13/2012 - 14:15 | 2062391 Badabing
Badabing's picture

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!

Fri, 01/13/2012 - 16:47 | 2063025 CompassionateFascist
CompassionateFascist's picture

Phil roasted them over a slow fire. On this one, history will repeat.

Fri, 01/13/2012 - 12:20 | 2061762 The Big Ching-aso
The Big Ching-aso's picture

 

 

If only an Absinthed Van Gogh were still alive today to paint the swaying financiers of La Defense.

Fri, 01/13/2012 - 13:31 | 2062176 He_Who Carried ...
He_Who Carried The Sun's picture

... and just two months from now our British banking colleagues will find out more about their nightly shivers and fevers.... :-{

Fri, 01/13/2012 - 11:44 | 2061565 spiral_eyes
spiral_eyes's picture

friday 13th...

the bond bubble will burst soon.

http://azizonomics.com/2012/01/10/its-a-bubble/

 

Fri, 01/13/2012 - 12:23 | 2061771 economics1996
economics1996's picture

About March.

Fri, 01/13/2012 - 11:48 | 2061595 T-roll
T-roll's picture

The carnage will come shortly before the close

Fri, 01/13/2012 - 11:56 | 2061619 hedgeless_horseman
hedgeless_horseman's picture

 

 

Carnage indeed! 

BREAKING NEWS FROM FRANCE

h/t Yahoo's frontpage.

Fri, 01/13/2012 - 11:57 | 2061637 Shocker
Shocker's picture

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

Fri, 01/13/2012 - 11:59 | 2061652 kurzdump
kurzdump's picture

Carnage? Lets see - wouldnt be surprised if the "dumb" money is collected and marktes are closing green.

Fri, 01/13/2012 - 11:50 | 2061597 bdc63
bdc63's picture

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 ....

Fri, 01/13/2012 - 11:32 | 2061483 clones2
clones2's picture

I am still SHOCKED that this was leaked this morning...  I'm sure no one traded with advance notice on this downgrade.

Fri, 01/13/2012 - 11:53 | 2061568 Betty Swallsack
Betty Swallsack's picture

....is shorting Brie.  And will be drinking a Bordeaux throughout most of the day.

Fri, 01/13/2012 - 11:54 | 2061606 The Limerick King
The Limerick King's picture

 

 

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

 

Fri, 01/13/2012 - 12:02 | 2061618 Betty Swallsack
Betty Swallsack's picture

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

 

Fri, 01/13/2012 - 12:11 | 2061717 The Limerick King
The Limerick King's picture

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!

Fri, 01/13/2012 - 12:33 | 2061840 economics1996
economics1996's picture

Nothing like some T & A on a Friday.

Fri, 01/13/2012 - 15:04 | 2062599 kaiserhoff
kaiserhoff's picture

Music - 5

Chick - 10

But why does she need the nerds playing air guitar?

Fri, 01/13/2012 - 11:34 | 2061497 MillionDollarBonus_
MillionDollarBonus_'s picture

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?

 

 

Fri, 01/13/2012 - 11:34 | 2061502 bnbdnb
bnbdnb's picture

You can believe whoever you want. EUR tanking regardless.

Fri, 01/13/2012 - 11:41 | 2061543 American34
American34's picture

Is it true? Is Mr. Durden building an Army?

Fri, 01/13/2012 - 12:04 | 2061687 Conrad Murray
Fri, 01/13/2012 - 12:26 | 2061785 economics1996
economics1996's picture

MDB I use to believe in Santa Claus.  

Fri, 01/13/2012 - 13:30 | 2062168 magis00
magis00's picture

Thank you for doing so, Mr. Conrad Murray.  My ads appear to be in Russian, now.

Fri, 01/13/2012 - 14:57 | 2062571 magis00
magis00's picture

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.)

Fri, 01/13/2012 - 12:07 | 2061699 Belarusian Bull
Belarusian Bull's picture

Where do i sign up?

Fri, 01/13/2012 - 11:57 | 2061561 Shocker
Shocker's picture

So true...`

Fri, 01/13/2012 - 12:21 | 2061764 Cadavre
Cadavre's picture

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.

 

Fri, 01/13/2012 - 11:35 | 2061507 mjk0259
mjk0259's picture

Since traders have increased what they will pay for US debt since the downgrade, there is no divergence of opinion to choose from.

Fri, 01/13/2012 - 11:38 | 2061510 B-rock
B-rock's picture

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....

Fri, 01/13/2012 - 11:36 | 2061512 GeneMarchbanks
GeneMarchbanks's picture
  • S&P says MDB above post upgraded to AA from AA-
Fri, 01/13/2012 - 11:38 | 2061516 Nothing To See Here
Nothing To See Here's picture

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.

Fri, 01/13/2012 - 11:37 | 2061519 iamoneman
iamoneman's picture

top economic leaders and industry professionals...

Any of these assholes call the 2008 crash? Just saying...

Fri, 01/13/2012 - 12:30 | 2061813 economics1996
economics1996's picture

Austrian economist.

Fri, 01/13/2012 - 11:38 | 2061523 cranky-old-geezer
cranky-old-geezer's picture

 

 

C'mon MDB, you can do better than that. :)

Off your game a bit today? :)

 

Fri, 01/13/2012 - 11:40 | 2061526 homersimpson
homersimpson's picture

"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.

Fri, 01/13/2012 - 11:45 | 2061578 foxenburg
foxenburg's picture

I think MDB was being ironic, tricky to get across in print.

Fri, 01/13/2012 - 11:53 | 2061613 WonderDawg
WonderDawg's picture

Moronic, ironic, same thing with MDB.

Fri, 01/13/2012 - 11:53 | 2061614 homersimpson
homersimpson's picture

He was being ironic as much as I hate Duff Beer and donuts.

Fri, 01/13/2012 - 11:40 | 2061535 masterinchancery
masterinchancery's picture

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.

Fri, 01/13/2012 - 11:40 | 2061539 JPM Hater001
JPM Hater001's picture

"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.

Fri, 01/13/2012 - 12:48 | 2061955 snowbaall
snowbaall's picture

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.

Fri, 01/13/2012 - 16:55 | 2063065 CompassionateFascist
CompassionateFascist's picture

DK about money. But ZOG got the gold.

Fri, 01/13/2012 - 11:45 | 2061575 bank guy in Brussels
bank guy in Brussels's picture

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.

Fri, 01/13/2012 - 11:54 | 2061615 kridkrid
kridkrid's picture

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)

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