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IMF Blinks?

Tyler Durden's picture




 

Headline crossing the tape:

  • DJ IMF: OPEN TO NEGOTIATING BETTER WAY TO MEET GREECE'S PROGRAM GOALS

Did Syriza, and the Greeks, just win the great blinking war of 2012? If so, Spain may have lost it:

  • IMF SAYS FUND NOT DRAFTING ANY PLANS FOR A SPANISH BAILOUT

Perhaps Spain needs to ramp up its defection stance a little more to pull a Greece next time...

 

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Thu, 05/31/2012 - 10:38 | 2479425 slaughterer
slaughterer's picture

BUY BUY BUY   THE WORLD IS SAVED!!!  OMFG.  How long before this EuroRumor (TM) is refuted?  20 minutes?

Thu, 05/31/2012 - 10:40 | 2479437 junkyardjack
junkyardjack's picture

Currently being faded....

Thu, 05/31/2012 - 10:42 | 2479455 Ahmeexnal
Ahmeexnal's picture

In a match of Russian roulette, the last blink is when you realize this time the chamber does not sound like it did when you pulled the trigger and came out alive.  This time, the chamber is pregnant, and you...are  a millisecond from having your brains splattered onto the player next to you.

Thu, 05/31/2012 - 10:48 | 2479489 redpill
redpill's picture

Good point.  Mental note, never sit to the left of a right-handed player in Russian Roulette.  Whew!

Thu, 05/31/2012 - 14:30 | 2480661 Cadavre
Cadavre's picture

And never, like never ever never, fall for the "Let's play Polish Roulette!" shtick (Polish roulette, for those of us that have not slugged down the ouzo and contemplated this ancient game of sport, Polish roulette is similar to  the Russian variant, except, instead of a revolver, a magazine fed semi-auto game piece is used)!

IMF's La Crap scorns Greek for not paying taxes, despite the fact she gets a half mil a year tax free.

The Phoenix stirs in it's egg - rising time is near.

Thu, 05/31/2012 - 11:05 | 2479558 Gene8696
Gene8696's picture

Sorry, but I just bet on the Russian roulette players... As I sit in the arena sipping a single malt. It's all a way to pass time until they come out and hose away the brain matter from the ring.

Thu, 05/31/2012 - 11:31 | 2479675 Instant Wealth
Instant Wealth's picture

Better splatter some eggs in a bowl and go for a Russian Omelet

*yum*

http://www.mrbreakfast.com/superdisplay.asp?recipeid=1581

Thu, 05/31/2012 - 10:54 | 2479512 dasein211
dasein211's picture

You don't make loans to a NINJA economy! Stupid IMF!!

Thu, 05/31/2012 - 11:26 | 2479660 PulpCutter
PulpCutter's picture

Spain was running a surplus, and had low public debt - what NINJA economy.

Who's stupid?

Thu, 05/31/2012 - 10:38 | 2479427 junkyardjack
junkyardjack's picture

As everyone slowly makes their way over to the US Treasuries door, I would say no...

Thu, 05/31/2012 - 10:38 | 2479428 Cone of Uncertainty
Cone of Uncertainty's picture

There is no better fucking way fools.....you better recognize.

 

Thu, 05/31/2012 - 10:38 | 2479429 Badabing
Badabing's picture

once you have fiat you never go back

Thu, 05/31/2012 - 10:39 | 2479432 AndrewJacksonsGhost
AndrewJacksonsGhost's picture

The best way to win, is to not play.................

Thu, 05/31/2012 - 10:45 | 2479473 g speed
g speed's picture

TU on your AJG avitar--rereading "Age of Jackson" (the banking wars) -- 

Thu, 05/31/2012 - 10:57 | 2479525 Spastica Rex
Spastica Rex's picture

Don't play no game that I can't win.

http://www.youtube.com/watch?v=w-QIiVS_7Hs

Thu, 05/31/2012 - 10:55 | 2479433 williambanzai7
williambanzai7's picture

IMF AD

Program goals? What program goals. Looks like noise to try and influence the polls.

Thu, 05/31/2012 - 12:25 | 2479954 Atomizer
Thu, 05/31/2012 - 10:39 | 2479436 Kreditanstalt
Kreditanstalt's picture

Just a little off the top...?

Thu, 05/31/2012 - 10:41 | 2479439 Cognitive Dissonance
Cognitive Dissonance's picture

Nah.

Just another head fake.

Austerity rules.....rule.....simply because it's not Greece they're negotiating with......but Spain, Italy, Ireland etc. Can't set a precedent here of leniency to the debt slaves.

Thu, 05/31/2012 - 10:41 | 2479442 ArkansasAngie
ArkansasAngie's picture

Did the IMF get permission from OBomney first?  Americans might not be too happy to bail out the Greeks

Thu, 05/31/2012 - 10:41 | 2479450 junkyardjack
junkyardjack's picture

Oh I can't wait to see this one go through congress, where is my popcorn?...

Thu, 05/31/2012 - 11:07 | 2479578 Spastica Rex
Spastica Rex's picture

Oh, really? Americans are happy to watch TV, eat at McDonald's, and shop at Walmart.

Unless something curtails those activities, Americans couldn't care less.

Thu, 05/31/2012 - 10:40 | 2479443 slaughterer
slaughterer's picture

OPEN TO NEGOTIATING BETTER WAY TO MEET GREECE'S PROGRAM GOALS .... (if and only if ALL GREEKS pay their taxes). 

Thu, 05/31/2012 - 10:50 | 2479499 Ahmeexnal
Ahmeexnal's picture

Option ein: Greeks must pay their taxes.

Option zwei: Those who don't, must hang or shoot themselves.

 

 

Thu, 05/31/2012 - 10:41 | 2479447 Caviar Emptor
Caviar Emptor's picture

Is Cramer allowed to rant at the IMF on CNBS? ...They know NOTHING!!...(stamp feet)

Thu, 05/31/2012 - 10:47 | 2479486 Debeachesand Je...
Debeachesand Jerseyshores's picture

No,Cramer knows "NOTHING!!!

Thu, 05/31/2012 - 12:10 | 2479877 azzhatter
azzhatter's picture

he's having a hard time ranting with Fuckerberg's weenie in his mouth

Thu, 05/31/2012 - 10:41 | 2479451 Its_the_economy...
Its_the_economy_stupid's picture

I don't get. Why not let thre sovereigns default and collect the CDS contract amounts from the the big 5 US banks stupid enough to write the contracts?

Thu, 05/31/2012 - 10:53 | 2479506 Dr. Engali
Dr. Engali's picture

The market knows that the banks will never honor those CDSs. They are good for trading vehicles only.

Thu, 05/31/2012 - 11:02 | 2479551 narnia
narnia's picture

The market knows full well the FDIC will honor these contracts at 100% par via indirect purchase by Fed.

Thu, 05/31/2012 - 11:08 | 2479589 Its_the_economy...
Its_the_economy_stupid's picture

??

Then why doesn't the market let the FED carry the water?

Thu, 05/31/2012 - 10:42 | 2479453 Dr. Engali
Dr. Engali's picture

The only winners in this war are the bankers. Wake me when the shooting starts.

Thu, 05/31/2012 - 10:42 | 2479454 Caviar Emptor
Caviar Emptor's picture

IMF to world : Drop dead. But first, let's try giving each citizen 100,000 Euros and recap the banks. Then let's see what happens

Thu, 05/31/2012 - 10:42 | 2479456 ptoemmes
ptoemmes's picture

Ramp up or ramp down?

 

I know the answer is yes.

 

Shit, this is confusing.

Thu, 05/31/2012 - 10:49 | 2479497 adr
adr's picture

The answer is ramp up and ramp down. There is no "or" anymore.

Thu, 05/31/2012 - 10:43 | 2479458 AccreditedEYE
AccreditedEYE's picture

I thought the IMF didn't "negotiate" and preferred to dictate terms.... oh, that's right! That's only what's done in a restructuring to get a country back on a path to stability and growth...   Totally different situation here. lol

Thu, 05/31/2012 - 10:44 | 2479462 Long-John-Silver
Long-John-Silver's picture

Spain is under the bus.

Thu, 05/31/2012 - 10:44 | 2479465 Bones265
Bones265's picture

Now filming in Euorpe! The Squeal to "GONE IN SIXTY SECONDS"

Thu, 05/31/2012 - 10:45 | 2479467 Roland99
Roland99's picture

I'm gonna need some Grecian formula after all this!

 

(if I have any hair left, that is)

Thu, 05/31/2012 - 11:08 | 2479591 Spastica Rex
Spastica Rex's picture

Bald is beautiful, ask my wife.

No, don't ask my wife.

Thu, 05/31/2012 - 10:45 | 2479469 Quinvarius
Quinvarius's picture

Translation:  Greece will be crushed.  We are raising money to send to Spain right now.

Thu, 05/31/2012 - 11:10 | 2479599 brooklynlou
brooklynlou's picture

Translation: We just woke up to the fact that Greece is on fire. Spain is fine and doesn't need anything.

Thu, 05/31/2012 - 10:47 | 2479484 Calmyourself
Calmyourself's picture

This dance will last for years as everyone is dancing and there are no more chairs.

Thu, 05/31/2012 - 10:48 | 2479491 adr
adr's picture

I negotiate that all future bailouts take the form of shiny quartz river pebbles. Gold is so passe. Ten river pebbles will be worth one Eartho and Home Depot will be declared the most valuable institution on Earth due to its overabundant supply of shiny quartz river pebbles. Greece will be saved with a two ton shipment of Home Depot sourced river pebbles.

Is that really any fucking different than what is going on?

Thu, 05/31/2012 - 10:49 | 2479494 Conman
Conman's picture

Translation: We are sorry our overly tanned chief called you all lazy tax cheats. Let us punt the can down the road for another month for you as a concession. P.S. Fuck you spain.

Thu, 05/31/2012 - 10:49 | 2479495 barliman
barliman's picture

 

Little Miss Sunshine today, Tyler?

First QE3 is 100% assured - BEFORE any numbers remotely justify it

Now the IMF (which does not have enough CASH) is going to offer new terms to Greece (which does not have enough CASH) but, no biggie, because Spain (which does not have enough CASH and was willing to use the variable rate VIG to refund their banks) is not likely to notice (nudge, nudge, Wink, Wink).

When raver girls offer you some aspirin, it is really Ecstacy and it will impair your judgement.

barliman

Thu, 05/31/2012 - 10:52 | 2479505 Village Smithy
Village Smithy's picture

Still, I'd like to be offered.

Thu, 05/31/2012 - 11:07 | 2479577 Al Huxley
Al Huxley's picture

I was thinking the same thing, sounds like a pretty sweet deal.

Thu, 05/31/2012 - 11:09 | 2479596 Spastica Rex
Spastica Rex's picture

Keep drinking lots of water.

Thu, 05/31/2012 - 10:53 | 2479508 Bag Of Meat
Bag Of Meat's picture

B U Y

Sell in one hour 

Thu, 05/31/2012 - 10:53 | 2479510 GerritB
GerritB's picture

This is funny, received an email from pokerstars:

PokerStars has recently introduced the new PokerStars.eu client! We are fully licensed within the European Union, and regulated by the Maltese Lotteries and Gaming Authority.

As part of the launch of the new client, your account will be moved to PokerStars.eu. Please note that this applies to all players from Greece, and is compulsory.

And a second one:

You recently received an email regarding the migration of your PokerStars account to PokerStars.eu. It has come to our attention that the email contained a reference to players located in Greece, when in fact it was intended for players in the Netherlands. We apologise for any confusion caused by this error. The remainder of the information contained in the original email was accurate.

Please note that this migration applies to all players from the Netherlands, and is compulsory as part of the license we hold within the European Union, which is regulated by the Maltese Lotteries and Gaming Authority.

 

Thu, 05/31/2012 - 10:55 | 2479516 valkir
valkir's picture

Fitch downgrades 8 regions in sPAIN.

Thu, 05/31/2012 - 10:57 | 2479522 GOSPLAN HERO
GOSPLAN HERO's picture

Jim Cramer went full-retard before it was fashionable.

Thu, 05/31/2012 - 10:58 | 2479530 Whoa Dammit
Whoa Dammit's picture

So the broke IMF wants to renegotiate the terms on the money it doesn't have in its lending (that will never actually happen) to the bankrupt Greece, while pretending that Spain no longer exists. LOL.

Thu, 05/31/2012 - 10:58 | 2479531 ArrestBobRubin
ArrestBobRubin's picture

Hey Lagarde: Shut the f*ck up. And pay some damn taxes you hideous bankster's franco-skank.

Thu, 05/31/2012 - 11:00 | 2479536 Village Smithy
Village Smithy's picture

This is how screwed up things are. You have the IMF which is in no way accountable to the Greek people "courting" them with promises that probably couldn't be kept even if they wanted to. Will the Greeks buy it? Probably, we certainly would.

Thu, 05/31/2012 - 11:01 | 2479549 Master Pimp
Master Pimp's picture

Hey Tyler! I told you so

!!!!!

Greetings from Greece!

We still rock baby!

Thu, 05/31/2012 - 11:08 | 2479586 jal
jal's picture

I bought my crystal ball from the Greeks.

It told me ...

"If you lent money to the Greeks ... You are in trouble."

Thu, 05/31/2012 - 11:47 | 2479742 wisefool
wisefool's picture

My crystal ball told me that if you pay taxes to tax collectors who do not pay taxes, the numbers add up to a disturbing count.

Thu, 05/31/2012 - 11:59 | 2479805 riphowardkatz
riphowardkatz's picture

Please leave Germany. That is the only thing that will end this ridiculousness. As long as the parasites have a host they will continue to suck the blood out. 

The Germans have no leverage with the exception of leaving. Maybe even threaten to leave and see if that gets any movement out of the pigs.

 

Thu, 05/31/2012 - 15:30 | 2480878 pissing_excellence
pissing_excellence's picture

I loved Spain, easily one of my favorites such a shame.  The gaudi buildings will probably be for sale to some scumbag bank who doesnt even appreciate it.

http://youtu.be/2BV8L9mDVOY

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