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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 | Link to Comment 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 | Link to Comment junkyardjack
junkyardjack's picture

Currently being faded....

Thu, 05/31/2012 - 10:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment dasein211
dasein211's picture

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

Thu, 05/31/2012 - 11:26 | Link to Comment 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 | Link to Comment 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 | Link to Comment Cone of Uncertainty
Cone of Uncertainty's picture

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

 

Thu, 05/31/2012 - 10:38 | Link to Comment Badabing
Badabing's picture

once you have fiat you never go back

Thu, 05/31/2012 - 10:39 | Link to Comment AndrewJacksonsGhost
AndrewJacksonsGhost's picture

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

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

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

Thu, 05/31/2012 - 10:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment Atomizer
Thu, 05/31/2012 - 10:39 | Link to Comment Kreditanstalt
Kreditanstalt's picture

Just a little off the top...?

Thu, 05/31/2012 - 10:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Debeachesand Je...
Debeachesand Jerseyshores's picture

No,Cramer knows "NOTHING!!!

Thu, 05/31/2012 - 12:10 | Link to Comment azzhatter
azzhatter's picture

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

Thu, 05/31/2012 - 10:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment adr
adr's picture

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

Thu, 05/31/2012 - 10:43 | Link to Comment 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 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Spain is under the bus.

Thu, 05/31/2012 - 10:44 | Link to Comment Bones265
Bones265's picture

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

Thu, 05/31/2012 - 10:45 | Link to Comment 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 | Link to Comment Spastica Rex
Spastica Rex's picture

Bald is beautiful, ask my wife.

No, don't ask my wife.

Thu, 05/31/2012 - 10:45 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Village Smithy
Village Smithy's picture

Still, I'd like to be offered.

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

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

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

Keep drinking lots of water.

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

B U Y

Sell in one hour 

Thu, 05/31/2012 - 10:53 | Link to Comment 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 | Link to Comment valkir
valkir's picture

Fitch downgrades 8 regions in sPAIN.

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

Jim Cramer went full-retard before it was fashionable.

Thu, 05/31/2012 - 10:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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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