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The Ironic Winners And Losers From The "Spain And Italy Bailout" Summit
Presented with little comment but it seems that in yet another unintended consequence of the short-term haste to make noise ralative to any sustainable long-term solution, the nations that were supposed to benefit the most from the EU Summit are now the biggest losers as their equity markets are the only ones in Europe that are down from pre-Summit levels after today's sell-the-news events. It seems once again those looking at the equity markets to signal the success of an 'event' have been dangerously wrong-footed once again... Spain swung from an 8% gain to a 4% loss
Spain (pink) and Italy (red) have swung froim +8% kneejerk to -4% and -1% resepctively...
So perhaps finally we will stop hearing - the Summit must be a success, look at the performance of the equity market!!
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GLOBAL FIN SYSTEM TAKEDOWN ...
Are you sure you want to throw FIN in there.....seems a tad extreme.
Funny... I was just gonna add "GET GOLD" !
The GOOD is now "Tied" to the BAD and the UGLY, Via the SACKS and JP Nanosecond NY Algos.
Everything else is Stale Bread...
You just gotta know that the "SYSTEM" is on its last legs, when this Shit rules the markets 24/7 ...
OK......so maybe it is FIN!
Is there still time to get a raincheck for that?
ironic success, eh? I'll take it!
Gold still trading tick for tick with Spanish bond prices.
Today we get a correction in stocks, and everybody kneejerks and piles right back into U.S. Paper.
Watch for another new high in bonds, munis and all the rest.
It's amazing what you can do with a little hot QE cash.
I think you mean, ( hypothetical QE cash). Now that idea is front run...
Big government plan to save the EU does just the oppisite-what a surprise!
Just in time for the " slosh fest" in London!
Paging Mr Euro buyer, paging Mr. Euro buyer. You are requested at the NY Fed trading desk :)
The banksters can't rob Spain like it were Greece if they fix it.
Wonder what fool will buy the leaning tower once they move to Italy.
Evictions, up to 200 a day, have become a symbol of Spain's 5-year economic crisis, started by a collapse in the housing and construction industry that put millions out of work.
http://www.reuters.com/article/2012/03/26/us-spain-evictions-idUSBRE82P0...
"...the nations that were supposed to benefit the most from the EU Summit are now the biggest losers..."
We now see the massive demonstrations in Spain, Greece is slowly falling to the side of the road from exhaustion & what is in store for America this summer?
@d Edwards - yes, big government continues to be the problem & not the solution. Need to read a book out about Americans finally taking a stand against federal corruption (big banks too big to fail & now big govt. too big to fail). www.booksbyoliver.com
If only the political parties would allow the people's choice of candidates cause no one is excited about Obama nor Romney. It's a corporate world with corporate govts & corporate govts.
It's perplexing, how no one is paying attention to the "melt down" in Europe! Cheap ois rates and $ selling in an election year!
Pathetic! FX risk is starting to rear it's ugly head. Oil is artificially high, over geopolitical risk. The shit storm should swing into full gear next week, as my canned corn is 100% more expensive than it was 2 weeks ago!
The magpie Doom-Bunker TM is stocked with corned beef which cost € 1,79 last year, now at 2,89.
LMAO ( don't forget the spam) I makes great candles, when you run out of batteries!
There's doom and there's doom. Good thinking, though i happen to have some buckets of industrial coke in the cellar, i still need a better source of energy.
Turn the Machines Back On!
strange isn't it?
http://expose2.wordpress.com/2011/11/20/a-voice-from-the-dark/