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Joint Statement From Merkel And Sarkozy On Global Financial Crisis

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Sun, 08/07/2011 - 15:06 | 1533461 Mongo
Mongo's picture

Intervention bitchez!

Sun, 08/07/2011 - 15:14 | 1533476 MarketTruth
MarketTruth's picture

What is the difference between a central bankster and a counterfeiter?

Sun, 08/07/2011 - 15:17 | 1533498 carbonmutant
carbonmutant's picture

Is this a trick question?

Sun, 08/07/2011 - 15:18 | 1533500 LeBalance
LeBalance's picture

their law.

Sun, 08/07/2011 - 15:26 | 1533523 Founders Keeper
Founders Keeper's picture



Sun, 08/07/2011 - 16:32 | 1533784 Reese Bobby
Reese Bobby's picture

Brilliant answer.  Very funny....

Sun, 08/07/2011 - 16:54 | 1533861 Johnbrown
Johnbrown's picture


Sun, 08/07/2011 - 17:45 | 1533997 goldfish1
goldfish1's picture

I'd like to see you at a microphone with bernank in the hot seat.

Sun, 08/07/2011 - 15:27 | 1533534 Founders Keeper
Founders Keeper's picture

...counterfeiting is transitory.


Sun, 08/07/2011 - 15:37 | 1533583 uno
uno's picture

Helicopter Ben flying Jackson Hole again, perfect timing

Sun, 08/07/2011 - 15:58 | 1533677 bigdumbnugly
bigdumbnugly's picture

he'll be filling that hole with new FRN's soon too.

they'll have to change the name of the place to just plain Jackson.

Sun, 08/07/2011 - 15:58 | 1533676 snowball777
snowball777's picture

Counterfeiters are subject to arrest.

Sun, 08/07/2011 - 16:02 | 1533688 NumNutt
NumNutt's picture

One is paying off the government, the other keeps all profits for themselves.

Sun, 08/07/2011 - 19:48 | 1534569 vocational tainee
vocational tainee's picture


Sun, 08/07/2011 - 15:15 | 1533483 So Close
So Close's picture

Because the govenrment knows best.

Sun, 08/07/2011 - 17:46 | 1534002 Manthong
Manthong's picture

"the EFSF will be improved and its flexibility increased"

We already know where the flexibility is coming from.



Sun, 08/07/2011 - 17:49 | 1534015 espirit
espirit's picture

Global Financial Crisis? Who could have seen that one coming?

Gold, bitchez.

Tue, 03/27/2012 - 01:45 | 2293530 jaffa
jaffa's picture

Negative GDP growth lasting two or more quarters is called a recession. An especially prolonged recession may be called a depression, while a long period of slow but not necessarily negative growth is sometimes called economic stagnation. Since these phenomena affect much more than the financial system they are not usually considered financial crises as such though there are clearly links between the two. Thanks a lot.
Vacation Rentals

Mon, 04/02/2012 - 05:44 | 2309053 jaffa
jaffa's picture

In corporate finance, a company's capital structure is the total mix of financing methods it uses to raise funds. One method is debt financing, which includes bank loans and bond sales. Another method is equity financing the sale of stock by a company to investors, the original shareholders of a share. Thanks for sharing. Regards, banking information

Sun, 08/07/2011 - 15:47 | 1533636 jplotinus
jplotinus's picture

International cooperation bitchez!

Too bad the US has not joined in on that effort, let alone led it.

Thus is the fatal flaw of self-seeking capitalism exposed. The way forward for overcoming the world financial crisis lies in a greater capacity for international cooperation based on a financial system where sharing, rather than profit, is paramount.

This is what socialism mandates and what capitalism fails, utterly, to grasp.

Sun, 08/07/2011 - 16:19 | 1533743 Coke and Hookers
Coke and Hookers's picture

You are joking, right?

What do you think all the 'capitalists' have  been up to for the last few decades? They have been knocking down trade barriers, increasing international cooperation massively, both financial and industrial. This has resulted in incredible imbalances in the world economy where one part has industrialized and amassed wealth while the other has deindustrialized and amassed debt. This is called 'globalism' and it makes pinkos like you get a major hardon.

While all the 'cooperation' and 'sharing' looks good when you've never been out in the real world, it has actually wrecked the world economy. The west has dug itself into a debt hole where the east owns the debt but will never get it paid back. Everybody is fucked and 'international cooperation' (globalism) is directly to blame for the situation.

Suggesting more of it as a solution is about as stupid as suggesting more debt as a solution to a debt problem.

Frankly, your post looks like it was posted from the Twilight Zone.

I'm fucking speechless.

Sun, 08/07/2011 - 16:30 | 1533774 Kat
Kat's picture


The fatal flaw of socialism is the collapse you see before you.  Note that capitalist Hong Kong and Singapore aren't imploding along with all of your beloved social democracies.

Since you are a fool, I doubt you'll understand.

Sun, 08/07/2011 - 16:35 | 1533794 Central Bankster
Central Bankster's picture

And without capitalism and the price mechanism, how will we allocate resources?  Who will decide who gets what?  And if I or anyone disagrees with those who command control resources, what means other than violence, will they have to get what they need?  Socialism always leads violence because it destroys free choice.

Sun, 08/07/2011 - 17:47 | 1534009 goldfish1
goldfish1's picture

global currency bitchez?

Sun, 08/07/2011 - 16:55 | 1533867 Ramboy
Ramboy's picture

German Govt is in favor of massive bond buying for Italy and Spain as per Der Spiegel 4:47 EST

No word on Zerohedge

Sun, 08/07/2011 - 18:38 | 1534254 Dave Thomas
Dave Thomas's picture

It can only shit out so much pertenant economic news. How bout you head over to Yahoo Finance and take a load off.



Sun, 08/07/2011 - 17:48 | 1534012 DRT RD
DRT RD's picture

Where are my green and red up down buttons? Do i need to adjust my ssetting or something?

Sun, 08/07/2011 - 15:07 | 1533464 narapoiddyslexia
narapoiddyslexia's picture

"finance recapitalization of financial institutions???"

Not again... Can't we just let them die.

Sun, 08/07/2011 - 15:27 | 1533536 toady
toady's picture

We must finance the finaciers who finance the financiers in finance.


Or we could just kill them all and let Allah sort them out.

Sun, 08/07/2011 - 17:48 | 1534011 goldfish1
goldfish1's picture

Deja vu Tarp?

Sun, 08/07/2011 - 15:08 | 1533469 grunk
grunk's picture

Chancellor Merkel:

"Stop bothering me. I'm hiking."

Sun, 08/07/2011 - 15:19 | 1533509 max2205
max2205's picture

..... My dress. See the black forest

Sun, 08/07/2011 - 15:12 | 1533472 Quintus
Quintus's picture

Oh dear.  No mention of a larger EFSF.


Not at all what the markets want to hear.

Sun, 08/07/2011 - 16:25 | 1533764 CrashisOptimistic
CrashisOptimistic's picture

That is precisely my read, too.

There is NOTHING in this statement about more money for the EFSF.  There is nothing in this statement other than support for an agreement July 21 (which has not been funded).

They have no new agreement.  This statement is empty.

Sun, 08/07/2011 - 15:13 | 1533475 Threeggg
Threeggg's picture

They are greasing up the roller bearings as the printing presses are going to be working OT this week.

The interventions are going to be off the charts/books

Sun, 08/07/2011 - 15:30 | 1533553 toady
toady's picture

Make sure its all off-book. We don't want any of this coming back on us.

Sun, 08/07/2011 - 15:36 | 1533567 DoChenRollingBearing
DoChenRollingBearing's picture

Threeggg, I hope they are using grease for high temperatures...  Or those bearings will, wait for it:




Sun, 08/07/2011 - 15:49 | 1533630 Threeggg
Threeggg's picture

Lithium Biatchez !

Sun, 08/07/2011 - 16:08 | 1533703 DoChenRollingBearing
DoChenRollingBearing's picture

High Temperature!  High Pressure!

Sun, 08/07/2011 - 15:14 | 1533477 zebra
zebra's picture

eventaully, people will dismiss anything that any governemt say.



Sun, 08/07/2011 - 16:15 | 1533736 Taku
Taku's picture

Were Merkel & Sarkozy holding hands for that statement?

They're talking to themselves, at this point.

Sun, 08/07/2011 - 15:13 | 1533478 scratch_and_sniff
scratch_and_sniff's picture

LOL "swiftly by the end of september", fail.

Sun, 08/07/2011 - 15:15 | 1533482 augie
augie's picture

"Big Foreign Buyers Likely to Stick With Treasuries Despite Downgrade"

Bloomberg Homepage. Why not just write "Don't Panic" in large friendly letters and hope for the best? 

Sun, 08/07/2011 - 15:48 | 1533620 hedgeless_horseman
hedgeless_horseman's picture

S&P downgrade "mostly harmless"

Sun, 08/07/2011 - 16:15 | 1533740 jplotinus
jplotinus's picture

Bloomberg is likely correct. I hate to see ZHers become so shrill over something that is, well, transitory. Even if it's 'big down' on Monday, there's a good chance it'll be a 'big up' on Tuesday, Thursday latest.

You heard it here first.


Sun, 08/07/2011 - 15:16 | 1533485 Sophist Economicus
Sophist Economicus's picture

"I hear a train a comin', it's rolling round the bend......"

Sun, 08/07/2011 - 16:06 | 1533697 snowball777
snowball777's picture


"Gonna make a whole lotta money...gonna be big yeah...I'm gonna buy this town...put it all in my shoe...might even give a piece to you..."


Sun, 08/07/2011 - 15:16 | 1533486 holdbuysell
holdbuysell's picture

Tyler, are you having trouble keeping the site up? I keep getting errors periodically that the site is not available. Anyone else having trouble?

Sun, 08/07/2011 - 15:18 | 1533502 youngman
youngman's picture

Yes......and it is coming in all goofy on my Blackberry.....its all lineal...

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