I Love The Smell Of Denial In The Morning...

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Mon, 09/12/2011 - 07:48 | 1658933 papaswamp
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Rumors circulating of a French govt take over of SoGen. The French....'How do we distract people so as not to notice financial problems?....hmmm....wait nuclear power plant problem..that's it!"



Mon, 09/12/2011 - 07:54 | 1658951 GeneMarchbanks
GeneMarchbanks's picture

SocGen = Shitshow

I'll be happy to see  them implode. If they're nationalized it'll mean that we have a sovereign default upcoming instead of private. This is getting good, real good.

Mon, 09/12/2011 - 08:18 | 1659035 oogs66
oogs66's picture

yes, because if socgen can't pay all those huge bonuses, who will buy all those hermes' bags?  mon dieu

Mon, 09/12/2011 - 07:58 | 1658971 Snidley Whipsnae
Snidley Whipsnae's picture

The dollar is once again the best looking horse in the glue factory...

Even Bernanke, who wanted inflation to 'help exports' (and banks), must be amazed that he can blow out the Fed balance sheet by $2.2 Trillion and still have a 'relatively' strong dollar.

Placing the monthly order for physical today. BTFD.

Mon, 09/12/2011 - 09:00 | 1659135 MsCreant
MsCreant's picture
I Love The Smell Of Denial In The Morning...

Nah, it's just a nuke plant you're smelling, go back to bed.

Mon, 09/12/2011 - 07:48 | 1658936 GeneMarchbanks
GeneMarchbanks's picture
'I Love The Smell Of Denial In The Morning...'

We all do, pal that's why we're here ;)

Mon, 09/12/2011 - 07:49 | 1658939 Rastadamus
Rastadamus's picture

I love the smell of smoke. Babylon is burning! I love it Gold and silver bitchez!

Mon, 09/12/2011 - 07:51 | 1658942 ISEEIT
ISEEIT's picture

Ahhh, I see. And so that certainly explains why the EURO is up 150+ pips from yesterdays low. Makes sense now. Thanks!

Mon, 09/12/2011 - 07:51 | 1658945 Wakanda
Wakanda's picture


-1% is the new normal!  Everything is fine!


Mon, 09/12/2011 - 09:53 | 1659317 mick_richfield
mick_richfield's picture

I have an iPhone app that rotates all the stock charts 15 degrees counterclockwise.  That plus two Paxils with my coffee, and I'm good to go!

Mon, 09/12/2011 - 07:51 | 1658947 ZippyBananaPants
ZippyBananaPants's picture

Michelle Caruso-Cabrera is a discusting pig.  I cannot watch any more.

Mon, 09/12/2011 - 07:54 | 1658958 Sequitur
Sequitur's picture

Dude you said it. She asks the dumbest fucking questions, then waves her hands around, gesticulating for the canned answer. Can't stand it. Cannot.

Mon, 09/12/2011 - 07:58 | 1658972 oogs66
oogs66's picture

she seems so arrogant, she just wants to interview herself, that way she will get the right answers

Mon, 09/12/2011 - 08:03 | 1658995 ZippyBananaPants
ZippyBananaPants's picture

Paper bag head, you are clicking on all cylinders today!!!

100% perfect observation.

Mon, 09/12/2011 - 08:05 | 1659002 HD
HD's picture

She is recently divorced...her ex husband probably thought losing half his stuff to get out was a bargain of a lifetime...

Mon, 09/12/2011 - 08:54 | 1659118 cosmictrainwreck
cosmictrainwreck's picture

i'm pretty sure they hired her basically for the tits

Mon, 09/12/2011 - 09:13 | 1659184 Coast Watcher
Coast Watcher's picture

Even her tits aren't that great unless they're being held up with a boulder holder. Swinging free, they sag so much they almost cover her belly button.

Not that I've seen them up close and personal. Just sayin'.

Mon, 09/12/2011 - 08:15 | 1659029 DefiantSurf
DefiantSurf's picture

I'd do her, if I could turn the sound off...but then again, the crack of dawn isn't safe from me

Mon, 09/12/2011 - 08:50 | 1659109 equity_momo
equity_momo's picture

The old ones are the best for a reason. Thanks for the laugh all the same.

Mon, 09/12/2011 - 07:53 | 1658950 Irish66
Irish66's picture

France has a nuclear problem

Mon, 09/12/2011 - 07:59 | 1658974 Sudden Debt
Sudden Debt's picture

Maybe they should put a tent over it to solve the problems?


Mon, 09/12/2011 - 07:53 | 1658953 Sequitur
Sequitur's picture

I posted earlier, should have seen the skirt-wearing airheads on CNBC Worldwide Exchange. Asking seriously dumb questions, trying to spin positive answers -- and their faces belied the truth, i.e. they didn't believe a word of it. Of course, no one dared come out and simply say, eurozone getting pummeled, bank massacre. Instead, they pose stupid questions of the ilk, "how can Greece avoid default." Not a one had the balls to say Greek bonds yielding over 100%. Lol.

Mon, 09/12/2011 - 07:53 | 1658954 Smiddywesson
Smiddywesson's picture

No, Bablon is not burning.  Ben and company will break up all the furniture and smother the flames with more fuel, thereby kicking the can but ensuring the eventual fire is bigger than ever.  This is definitely not over yet.

Mon, 09/12/2011 - 07:58 | 1658966 Sudden Debt
Sudden Debt's picture



It's all in the eye of the beholder.




Mon, 09/12/2011 - 07:59 | 1658976 Gandalf6900
Gandalf6900's picture

average chinese has no idea where eulope is

Mon, 09/12/2011 - 08:06 | 1659005 Sudden Debt
Sudden Debt's picture

And now let's ask the average American :)

Mon, 09/12/2011 - 08:16 | 1659030 uno
uno's picture

they have problems finding the US on a globe

Mon, 09/12/2011 - 08:19 | 1659037 Snidley Whipsnae
Snidley Whipsnae's picture

A US Postal Clerk recently remarked to me "There is no New Mexico, there is only Mexico"...

This guy was dead serious and we had to get the supervisor before I could mail a parcel to New Mexico.

So don't tell me about Americans being savvy geographers.

Mon, 09/12/2011 - 08:25 | 1659053 Gandalf6900
Gandalf6900's picture


Mon, 09/12/2011 - 08:30 | 1659061 Arrowhead
Arrowhead's picture

hell I didn't know they made a new one either

Mon, 09/12/2011 - 08:30 | 1659063 Sequitur
Sequitur's picture

Um, what was your reaction to this? And how about the postal clerk when he did learn, in fact, the U.S. has a state called, "New Mexico."

Mon, 09/12/2011 - 08:39 | 1659074 Maxwell Smart
Maxwell Smart's picture

I had mail sent to me from the U.S. to Finland. Luckily someone had added missing information:




Mon, 09/12/2011 - 09:02 | 1659144 gerriek
Mon, 09/12/2011 - 08:04 | 1658997 GeneMarchbanks
GeneMarchbanks's picture

You're clearly an alcoholic dude.

Mon, 09/12/2011 - 07:57 | 1658967 Gandalf6900
Gandalf6900's picture

get ready to put your chips on the table...september 20 is approaching and I wouldn't wanna be caught short lads

Mon, 09/12/2011 - 08:09 | 1659012 maxmad
maxmad's picture

Id hate for the longs to feel the burn, when Bernanke has to announce that QE3 will not include riskier asset purchases! 

Mon, 09/12/2011 - 08:10 | 1659016 maxmad
maxmad's picture

Gandalf, how's that -250 this morning feeling?  Dont worry Robo is here to give you rub down

Mon, 09/12/2011 - 08:24 | 1659049 Gandalf6900
Gandalf6900's picture

I love the thumbs down guys but lets not joke ourselves...they r definitely not letting the EU puppy off the hook yet and even though US and EU stock mkts are completely decoupled, we are in it together...for the long run

Mon, 09/12/2011 - 07:59 | 1658978 f16hoser
f16hoser's picture

"Oh the Humanity"

Mon, 09/12/2011 - 07:59 | 1658979 buzzsaw99
buzzsaw99's picture

the bernank can fix this.

Mon, 09/12/2011 - 08:01 | 1658986 ivars
ivars's picture

This February 6th forecast graph was not so bad as well:


As was the gold bubble forecast graph made on May 4th:


Mon, 09/12/2011 - 08:16 | 1659031 Snidley Whipsnae
Snidley Whipsnae's picture

gold forecast graph = goat entrail and chicken bone reading

Does the 'forecast graph' include intervention by central banks/bullion banks to supress the price of gold?


Mon, 09/12/2011 - 08:20 | 1659041 Tense INDIAN
Tense INDIAN's picture

its not all loose loose for the GREEKS....they should be proud of one thing....they are getting to play the central figure in this END-GAME

Mon, 09/12/2011 - 08:35 | 1659068 caerus
caerus's picture

denial ain't just a river in egypt

Mon, 09/12/2011 - 08:40 | 1659075 Gandalf6900
Gandalf6900's picture

I love the smell of GOLD in the morning

Mon, 09/12/2011 - 08:40 | 1659077 mccoyspace
mccoyspace's picture

Quick technical question:

When he says ".... With the 10 year bonds at 45% of par, the yield inversion is almost over, and the next phase is for the market to create a rumor that Greece is going to be trading "flat" (trading with no accrued is the final step before default)."

Is he describing a situation where there is no interest rate difference between short term and long term bonds? So the yield curve is flat? That is the 'final step before default' he is describing?

Thanks for the clarification.

Mon, 09/12/2011 - 08:55 | 1659125 jm
jm's picture

Not sure why you think HY is cheap. Well, I kind of do, but I'm not going there.

People long index credit are going to sell them all down before this is over.

Also, Deutsche Bank is making me a little nervous right now.


Mon, 09/12/2011 - 11:27 | 1659739 Fips_OnTheSpot
Fips_OnTheSpot's picture

GR 1yr: 139% yield (+42% as of TODAY) (17:15 CEST)


Spell Hyperbolic..

Tue, 09/13/2011 - 22:03 | 1665998 moxia19
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