- advertisements -
No more Twist
They are going to have to give up Pulling an imaginary rabbit out a Hat now! They can't just run on rumors over and over again as this proves all the rumors were lies.
I would say GAME OVER!
Not just the rabbit, the hat is imaginary too.
Pfft. This is the #1 policy tool of all governments and agencies globally:
But .. but ... Obama going to be there. Doesn't that mean that the globalist will when hands down?
Hands down? Watch for under the table touchie feelie.
There are many many way to screw the 99%'ers.
You can bet that Obama will be in on the action.
Maybe the Salsa!
If I'm china why the hell would I buy bs paper when I'll be able to buy corporates on the cheap if I wait?
There is a redemption on Irish debt of over €4 Billion Euro on November 11th. That EFSF auction was for meant to cover that. Interesting to see what happens before then.
IRE looks like death watch
Added to my euro short a few hours ago. Thanks to zero hedge for pointing out the record euro short last week. This whole episode is understood by the main market participants. Is this the beginning of the end for the euro? Who cares, for the rest of us this may be a great chance to make some great fiat money from this chaos...
German manufacturing shrinks in Oct for 1st time in 2 years: PMI, 2 November 2011, by Sarah Marsh - Berlin (Reuters) http://www.reuters.com/article/2011/11/02/us-germanymanufacturing-idUSTRE7A11JA20111102
Ambrose Evans-Pritchard: Why the Greek decision means a complete unravelling of last week's deal, 1 November 2011, by Ambrose Evans-Pritchard (Independent.ie) http://www.independent.ie/opinion/analysis/ambrose-evanspritchard-why-the-greek-decision-means-a-complete-unravelling-of-last-weeks-deal-2922679.html
German government debt exposure to Greece totals $14.1 billion
French government debt exposure to Greece totals $13.4 billion
UK government debt exposure to Greece totals $3.96 billion
Italian government debt exposure to Greece totals $2.4 billion
U.S. government debt exposure to Greece totals $1.94 billion
Belgian government debt exposure to Greece totals $1.9 billion
Switzerland's government debt exposure to Greece totals $529 million
Spanish government debt exposure to Greece totals $502 million
George Papandreou's announcement of the Greek referendum, has been a terrific boost to the spirit in the streets of Europe, however much he is criticised by European leaders, and whatever the consequences to the markets.
Even if Papandreou's government falls, it may be very hard for any subsequent government to 'cancel' this popular referendum.
Papandreou may have redeemed himself with his bold act favouring the will of the European common peoples. European populism may have just begun a great new phase.
Recommend to everyone a hearty laugh with the art of William Banzai yesterday, especially his 'The Great Euro Race' which may be an apt photo snapshot of the European sovereign situation:
WTF has caused the Euro to rise 140 pips while I slept? Seriously, was the Pacific Ocean a huge buyer last night? Are you saying it was a China to the Rescue story...AGAIN...that caused this rise?
OK...previously, I would have been content to see all MF Global managers locked up...but now...serioulsy...let's just arrest them all. Everything on Wall Street has become entirely criminal...everything...everyone...every broker dealer...all of them...if China to the Rescue AGAIN is the reason. Fucking Marxist bankers!
Might have to do with the 600+ pip move off the highs and those with profits not wanting to call Banana Ben's hand?
"kiss of death."
Euro famine next year in Ireland , although somewhat offset by a massive deflation in potatoes
Well there is always hope.....................a few years ago our saviour was born.
It looks like the sea of corporate and sovereign paper has finally crowded out the horizon.
all this is a distraction from what is happening in the middle east! sure seems quiet over there lately, NOT!!! massive positioning of troops near the iranian border! watch both hands people, not just the left one!
Everybody is crying for uncle Ben to print but the market won't give him the conditions to print. Hilarious.
I'm surprised they were even able to sell 3 billion EFSF bonds. Why would anyone buy that crap. I'd rather invest in tulips than that black hole.
WTF they can't get off a EUR 3B bond and we are going to rally.
This is like rallying on Operation Overlord failing.
This is insane.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.