This page has been archived and commenting is disabled.

To Lever EFSF or Not Lever EFSF, That Is The Question And Whether 'Tis Merkel Or Juncker, It Appears We All Suffer From Uncertainty

Tyler Durden's picture





 

The last few days have seen a veritable avalanche of to-ing and fro-ing among the various players in the Shakespearean melodrama that is Europe. While their quotes and headlines have all too often just run in circles, we thought the compare and contrast of Ms. Merkel and Mr. Juncker was particularly intriguing, to wit:

 

*MERKEL SAYS MAY BE NEED TO RECAPITALIZE BANKS, NOT YET SURE

*MERKEL SAYS CRITERIA NEEDED TO ASSESS BANK CAPITALIZATIONS

*MERKEL SAYS STATES OR EFSF CAN RECAPITALIZE BANKS

*MERKEL SAYS EFSF CAN BE USED AS LAST LINE TO RECAPITALIZE BANKS

*MERKEL SAYS EFSF FOR USE ONLY WHEN EURO AS A WHOLE IN DANGER

But...

*JUNCKER SAYS EFSF COULDN'T HANDLE ANY ITALY RESCUE

*JUNCKER SAYS MUST USE EFSF AS EFFICIENTLY AS POSSIBLE

*JUNCKER DOESN'T SEE ECB INVOLVED IN FUTURE EFSF LEVERAGING

*JUNCKER SAYS EFSF CEILING SHOULDN'T BE RAISED

*JUNCKER SAYS EU CRISIS RESPONSE IS LAGGING MARKETS

Source: Bloomberg

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 10/06/2011 - 11:39 | Link to Comment wang (not verified)
Thu, 10/06/2011 - 11:42 | Link to Comment Pladizow
Pladizow's picture

Where are all these broke nations getting imaginary money from to establish a magical bail out fund?

Thu, 10/06/2011 - 11:50 | Link to Comment Dr. Engali
Dr. Engali's picture

They are all printing at the same time and throwing everybody off guard. You never know which way to trade because they will switch the story at a moments notice.

Thu, 10/06/2011 - 11:43 | Link to Comment wombats
wombats's picture

When a woman says "No" she means NO!

Don't you know what NO means?

Thu, 10/06/2011 - 11:44 | Link to Comment SheepDog-One
SheepDog-One's picture

'Maybe'?

Thu, 10/06/2011 - 14:14 | Link to Comment AldousHuxley
AldousHuxley's picture

What does it mean when a women says "My little nightstick's going to get a workout tonight"

 

http://www.youtube.com/watch?v=lBxPzhXFT6c

Thu, 10/06/2011 - 11:39 | Link to Comment SumSUN
SumSUN's picture

Major Cog dis.

Thu, 10/06/2011 - 11:40 | Link to Comment sulfur
sulfur's picture

stresstest anybody?

Thu, 10/06/2011 - 11:47 | Link to Comment wombats
wombats's picture

Stress Test?  I'd rather have some Percocet instead.

Thu, 10/06/2011 - 11:40 | Link to Comment TradingJoe
TradingJoe's picture

last ramp today folks! then we're diving, real deep this time, me think 1010?!?!

Thu, 10/06/2011 - 11:46 | Link to Comment SheepDog-One
SheepDog-One's picture

This is like watching a suspense thriller movie youve already seen 50 times. You know the ending.

Thu, 10/06/2011 - 11:40 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Esp in the light that JCT took part in the meeting which outcome Merkel "declared".

Was more intrigued about all the talk about "more control + regulations" on international money flow

Thu, 10/06/2011 - 11:40 | Link to Comment Motley Fool
Motley Fool's picture

Maybe

Thu, 10/06/2011 - 11:40 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

D'OOHHH!!!

 

The bot code is 'uncertainty = buy buy buy'

 

Well, actually, in bot code everything = buy buy buy.

Thu, 10/06/2011 - 11:41 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

We're agreeing as we go along... possibly... it's all good maybe

Thu, 10/06/2011 - 11:41 | Link to Comment Irelevant
Irelevant's picture

New EU resque programme to be called Schizophrenia.

Thu, 10/06/2011 - 11:42 | Link to Comment sabra1
sabra1's picture

if i were a politician, earning a big fat salary, great pension, and of course inside info on stock markets, i would say whatever necessary to pad my pockets!

Thu, 10/06/2011 - 11:53 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

THAT is exactly what is going on, regardless of motivations.

These people have been instructed that news reading algorithms are keyed to certain words the bullish programming wants to hear.  

Agreement.  Cooperation.  Recapitalize the banks.  Provide funding to Greece.  "Default will be avoided".  "Take action".  

Look carefully at the headlines and how these phrases dominate over the past 72 hours.

Thu, 10/06/2011 - 11:44 | Link to Comment Zonker
Zonker's picture

The correct answer is the V bottom is in.  Big money is now buying and ZH is letting another one slip away with doom and gloom instead of trading the market in front of you.  100 handles of profit doesn't ask you how you made it!

Thu, 10/06/2011 - 11:48 | Link to Comment SheepDog-One
SheepDog-One's picture

Go back to Yahoo! Finance. Fuckin idiots talking about their '100 handles' and 'smart money' piss off ya dick.

Thu, 10/06/2011 - 11:49 | Link to Comment TradingJoe
TradingJoe's picture

Suit yourself bubba!

Thu, 10/06/2011 - 11:54 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Replay of "V-Bottom of the hour"

Thu, 10/06/2011 - 11:44 | Link to Comment sangell
sangell's picture

By the time the EFSF is approved for the new things it will be used for it will have been used up by the things it failed to do before.

Thu, 10/06/2011 - 11:49 | Link to Comment SheepDog-One
SheepDog-One's picture

The lifespan now for all this garbage is 48 hours at the longest.

Thu, 10/06/2011 - 11:45 | Link to Comment Blagio
Blagio's picture

Dear God it's like watching Statler and Waldorf...

Thu, 10/06/2011 - 11:49 | Link to Comment Fips_OnTheSpot
Thu, 10/06/2011 - 11:45 | Link to Comment somethingelse
somethingelse's picture

another Eyes Wide Shut...Everything Looks Good Rally Day   =)

Thu, 10/06/2011 - 11:46 | Link to Comment nonclaim
nonclaim's picture

They should get a room and leave us alone.

Thu, 10/06/2011 - 11:47 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Pass the popcorn, the talking heads are starting to explode.

Thu, 10/06/2011 - 11:50 | Link to Comment SheepDog-One
SheepDog-One's picture

Repackaging the same old bullshit day after day.

Thu, 10/06/2011 - 11:52 | Link to Comment SheepDog-One
SheepDog-One's picture

So now that everyone has learned a severe lesson about madcap leveraging of everything under the sun which got us into this shitstorm in the first place, and promise theyll certainly never do THAT again...their answer now is to take totaly imaginary money and leverage the shit out of it to get them out of it. Wow brilliant, this should end real well.

Thu, 10/06/2011 - 12:20 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Not to mention system-media is playing "news" that a leverage would NOT increase our payment/liablity if CALL happens.

Thu, 10/06/2011 - 12:21 | Link to Comment prains
prains's picture

double doulble double double double double double triple down baby

Thu, 10/06/2011 - 11:53 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Confused?

You won't be, after the next episode of...

"Soap".

Thu, 10/06/2011 - 11:54 | Link to Comment totem
totem's picture

And then one in bold type:

MERKEL SAYS GERMANY RETURNING TO DEUTSCHMARK

:-)

Thu, 10/06/2011 - 11:56 | Link to Comment Instant Wealth
Instant Wealth's picture

The usual ON-OFF-ON-OFF strobe light trick, to puzzle Mr. Market.

"Uh .. oh .. everthing is spinning ... I better buy some stocks"

Thu, 10/06/2011 - 12:14 | Link to Comment somethingelse
somethingelse's picture

lol exactly.  who knew equity markets could function as financial dramamine.

Thu, 10/06/2011 - 12:08 | Link to Comment Archimedes
Archimedes's picture

Does anyone know when the next German election is? I am sick of hearing and seeing Angela Merkel!

Thu, 10/06/2011 - 12:13 | Link to Comment NuYawkFrankie
NuYawkFrankie's picture

 

 

A banker-wanker named Juncker

Took Merckel out in his cluncker,

But when he made a pass

Zee fraulein passed gas,

What else d'you expect from a chunker?

Thu, 10/06/2011 - 12:19 | Link to Comment Segestan
Segestan's picture

Rumor .... Greece cheated; printed euro's and now the other PIGs know the loophole. No control.Euro about to Crash!

Thu, 10/06/2011 - 12:25 | Link to Comment JLee2027
JLee2027's picture

Greece is busted, Dexia is too big to absorb. French banks are exposed to both and will also blow up, taking most of Europe's other large banks and some countries with it. Then it comes here to the USA with Morgan Stanley and Bank of America the first to go. 

These guys are all thrashing around dropping impossible solutions trying to buy time  - because they have no solution.   

 

Thu, 10/06/2011 - 12:30 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

CDS domino will find its way thru.

Got PM? And get RAVIOLI! Domino will happen fast and then no food avail for some days. Get teh fuck prepared.

Thu, 10/06/2011 - 13:48 | Link to Comment LongSoupLine
LongSoupLine's picture

In the meantime, here comes the "3-day rally" sell-side "upgrade" flood.  Gotta keep the lie going just enough to sell off at highest bid possible.

Thu, 10/06/2011 - 16:19 | Link to Comment evolutionx
evolutionx's picture

European Central Bank commits suicide

 

Michael Mross (www.mmnews.de) Interview on Russia Today:

 

Our central bank is committing suicide. On the one hand they are helping banks with billions and billions. They are buying junk bonds, billions and billions. I mean, where does this lead to? It is one of the last nails in the coffin of our central bank.

see complete interview:

http://www.mmnews.de/index.php/english-news/8633-european-central-bank-commits-suicide

Wed, 10/12/2011 - 09:50 | Link to Comment karmete
karmete's picture

Well done! Thank you very much for professional templates and community edition sesli chat sesli sohbet

Do NOT follow this link or you will be banned from the site!