IMF Blinks?

Tyler Durden's picture


Headline crossing the tape:


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


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


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 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.

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


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


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


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.


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


Sell in one hour 

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