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It Actually Is A Coodinated Global Central Bank Intervention

Submitted by Tyler Durden on 07/05/2012 09:41 -0400

The PBOC, the BOE and now the ECB all cut, and still futures are tumbling. This latest news however will certainly send futures soaring:

KENYA CENTRAL BANK CUTS BENCHMARK RATE TO 16.5% FROM 18%
KENYA INFLATION HAS FALLEN TOWARD SHORT-TERM 9% TARGET

However, the market response so far is remarkably tepid. Hopefully the one bank we are all waiting for: the Bank of Uganda, will follow suit and show everyone who's boss.

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Thu, 07/05/2012 - 09:41 | 2588476 JeremyWS

Spain isn't uganda but Kenya is europe... apparently.

Thu, 07/05/2012 - 09:45 | 2588492 Colombian Gringo

Spain isn't Uganda but the USA will be Zimbabwe, just give it time.

Thu, 07/05/2012 - 09:50 | 2588520 The Monkey

Oh darn! Maybe it was a TOP.

What is happening to my moving averages! Where are all the shorts to cover?!?

Thu, 07/05/2012 - 10:04 | 2588566 Randall Cabot

Bloomberg just reported that the Swaziland Central Bank just cut rates.

Gottcha

Thu, 07/05/2012 - 10:07 | 2588578 Mark Carney

Kenya is not Kenya.....

AMIDOINGITRITE????

Thu, 07/05/2012 - 09:47 | 2588504 GetZeeGold

If Spain was Uganda...we'd have to invade it. No, I'm not sure why.

Thu, 07/05/2012 - 09:48 | 2588513 firstdivision

If Spain was Uganda, would they speak Spanish or Bantu?

Thu, 07/05/2012 - 09:55 | 2588537 TrainWreck1

It would be a very chic cosmopolitan mix of Euro hip and wise African diversity - Uspu

Thu, 07/05/2012 - 13:01 | 2589381 A Nanny Moose

...or at least send "advisors."

Why? It's for the children, of course. Pffft...That's why.

Thu, 07/05/2012 - 10:15 | 2588614 CreativeDestructor

Hot news: Denmark is officially NIRP, at minus 20bps!!!!

Thu, 07/05/2012 - 10:56 | 2588879 kentfinance

...and Denmark

Thu, 07/05/2012 - 09:43 | 2588488 Dr. Engali

I see El Presidente Obummer made a phone call home and told them to get on board.

Thu, 07/05/2012 - 09:45 | 2588493 surf0766

After we sent them billions and billions....

Thu, 07/05/2012 - 09:57 | 2588543 TrainWreck1

Does he use an obamaphone? (I am not making up this link)

http://obamaphone.net/

Thu, 07/05/2012 - 10:17 | 2588626 Dr. Engali

Unfucking believable. Where is my Obama car? and Obama house?

Thu, 07/05/2012 - 09:44 | 2588490 ptoemmes

The Eurozone in not Kenya

China is not Kenya

You get the picture....

Of course Kenya is not the USA

Thu, 07/05/2012 - 09:46 | 2588499 Colombian Gringo

But the President of the USA is a Kenyan, not born in America.

Thu, 07/05/2012 - 09:49 | 2588514 GetZeeGold

No....turns out it was the wrong daddy. I don't make this stuff up....I just report it.

Thu, 07/05/2012 - 09:51 | 2588523 t_kAyk

get Jerry Springer on the horn...

Thu, 07/05/2012 - 09:45 | 2588497 Agent P

Obama press conference at 11.

Thu, 07/05/2012 - 09:50 | 2588521 GetZeeGold

I hear he's going to pardon a Turkey and sacrifice a Mormon.

Thu, 07/05/2012 - 10:02 | 2588561 Vince Clortho

Such excitement.

Thu, 07/05/2012 - 21:20 | 2590677 akak

Did you say "such excrement"?

If so, I would agree.

(Personally, I can not STAND listening to that pompous, empty suit puppet of the oligarchy for even one second, and never could from the first. With his chin in the air, looking down his nose at all the peons who only HE can benevolently save while reading his endlessly vacuous and oh-so-carefully-prepared statements ... give me a fucking break!)

Thu, 07/05/2012 - 09:46 | 2588498 FXPortent

Manipulation I say!

Thu, 07/05/2012 - 09:46 | 2588500 gojam

The UK is not Kenya !

Eeerrmm.........

Thu, 07/05/2012 - 09:46 | 2588501 Jason T

Deflation is a coming and they are scared to death.. my take is that there is no power great enough to stop it from coming. The economic disintigration will continue.

Thu, 07/05/2012 - 09:46 | 2588502 stocktivity

Oh Oh...Angela sounds pissed this morning -

http://www.bloomberg.com/news/2012-07-05/merkel-rejects-joint-liability-...

Thu, 07/05/2012 - 09:52 | 2588528 Son of Loki

Angela is reluctant to throw her people under the bus....."for what?", she asks.

Thu, 07/05/2012 - 11:38 | 2589062 paint it red ca...

today's merkel comments are suspect. what a politician has agreed to out of ear shot and what is said for public consumption has a proven record of success in manipulation of the populous.

why would anyone accept what a politician says at face value is beyond me regardless of their native language. merkel has been playing ball with the goldmanites right up until the french elections. despite a slight shift in rhetoric, i see nothing that would make me think she is not still yet.

Thu, 07/05/2012 - 09:46 | 2588503 CClarity