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BEAR MARKET BITCHEZ
We fart in your general direction bitchez!
I hear circus music!
No shit parle vous? Almost as stupid as making two bears saying that silver is in a free market.
France is also the only AAA country with a BB credit spread. Where should france spread be on the following table:
FRANCE 5 yr 184 Aaa/AAA
Indonesia 5 yr 203 Ba1/BB+
Peru 5 yr 161, Colombia 161 Baa3/BBB
Mexico 5 yr 154 Baa1/BBB
Chile 5yr 125 AA-
Excusez mois chiennes (sorry bitchez!)
I smell another bailout.
And yet again, it is the middle class taxpayer and saver that is left holding the bag. Folks, this is eventually going to lead to WWIII if this continues.
Don Coxe Update - he did a report for the upcoming G20 meeting.
I see dead banks.
nahh... EUR/USD should be at 1.40 by the end of the week..
I hear Moody's repeating verbatim Reggie Middletons research ...'only' a year behind his more explicit and detailed warnings but remarkably for a CRA, weeks ahead of the carnage!
Maybe there was a major fuk-up in Moody's PR Dept and they pre-released their dull downgrade before the pre-selected time of their usual behind the curve (collapse) and absolutely worthless announcements?
CRA : Crap Rated 'A'
I smell flowers!
6 days ahead of the G20 ultimatum's expiration
6 days ahead of the G20 ultimatum's expiration
What they said was "get it done before the next meeting". There were no consequences if they didn't.
Or did I miss something?
old news, this has been known for a VERY long time now. europe has been deeply impoverished for a long time now.
THe ratings agencies need to change to ASS instead of AAa ect.
THen ASS negative turns better than ASS positive.
That has been my highest rating for all the banks for years now.
I deem it to be quite special for countries to now be cla assified in the ASS system.
You sir, you there, you are ahead of your time.
That is all.
I can just see Samuel L. Now: "I'm tired of these muthafuckin' rating agencies, downgradin' mah muthafuckin credit rating!"
Or maybe even get some Kanye in here: "France, I'm happy for you, and I'mma let you finish, but America should have one of the worst credit ratings of all time."
Abe handled that though: http://uberhumor.com/wp-content/uploads/2011/05/dnt7z.jpg
Thank you, sir, but no. I'm only trying to keep ahead (myhead) beyond the ASS system.
Can some1 tell me , what is the most correlated curency to S&P or DOW?
ANd, as for the France... well Sarcozy will cry all rating agencies are sux.
The French are fried.
Moodys about to get a call?
FAF - I would plus 1 this all day.
S&P will soon follow with the chop to AA. Sarko's FrAAAnce just became FRAANCE. Time to dial in the French sovvereign debt CDSs on 10x leveraqge. And say goodbye to ESFS Sarko. Your banks are going down.
Then pretty soon we'll all have trouble pronouncing FrBBBnce.Rhyme with Provance?
Here's the rub - Sarko is trying to charm Merkel into allowing the EFSF to become a bank, that will issue bonds, place with ECB and inject equity into French banks. It's a crazy and desperate idea, but the French ponzi, which has been growing since the era of de Gaulle, is about to reach the endgame.
The web of debt and deceit that exists between the French state, local governments, state owned businesses and banks cannot be resolved....
.... but it can be extended. Sarko's scheme is pure money printing to save the ponzi and is the only thing that the market will accept next week as the "solution" to the "crisis".
Infinite QE for all.
Pardon my French, but when you are dead on arrival, how do you weaken?
Because your illness becomes airborne and spreads to others ;)
Debt Metrics sounds like a cool name for a college Alt-Rock Band
They'd all be un-employed recent graduates with an assfull of student loans...
Sounds very Rage Against The Machine
Okay, who put the hot potato back into the microwave?
Not to worry, Christine LaGarde, their beloved finance minister is now heading the IMF>
and the imf only deals in gold. funny how that works, its too good for america but not them, we get the funny money.
Zandi approve this message?
Glenn Miller - In The Moody's - YouTube
france downgraded to jive, daddy-0 BiCheZ!
Phillipe: Raymon, vous smell terreeeble!Raymon: Pour cumquat Phillipe?P: Vous must washie en la lavatoreee to removeier les smellies our we get doen graddeeedR: Mai Phillipe, les services Gran Pigees will down gradddee us eff wee smell.P: But zee ratting ess for financials.R: Oui Phillipe. Les financelles, zey smell.P: Ah, so we wash zee financials like zee Greeks han all be Hokay?R: Oui!P&R: Lavez, lavez, lavez!
Table 4. Status of Multilateral Debt Relief Initiative Assistance <--- France will be on this list with the rest of Europe in 4.. 3.. 2..
Hey, not to worry LaGarde says, "...the IMF has adequate resources," She didn't actually say what for though...
Buying Santorini in the bankruptcy sale?
Does she have enough money to bailout Dexia or just the French banks...?
Maybe she could borrow a few bucks from the FDIC..., oh wait.
PIIGS exposureBanca MPS (Italy) - $290.98 billionBanco Popular Español (Spain) 183 BillionIntesa Sanpaolo Group (Italy) $607.03 billionBBVA (Spain) $552.90 billionUnicredit (Italy) $541.54 billionBanco Santander (Spain) $567.20 billionDeutsche Bank (Germany): $354 billion
Of course the real issue is exposure as % of Common Equity:Allied Irish Banks (Ireland) 33,352%Banca MPS (Italy) 4,666%Banco Popular Español 1,927%Intesa Sanpaolo Group (Italy) 1,638%BBVA (Spain) 1,566%Unicredit (Italy) 1,070%Banco Santander (Spain) 953%
It'll be interesting to see how Christine deals with loaves and fishes...
I'm in Bavaria this week and will have a blow off dinner tomorrow night w/ all my German counterparts...can't wait to hear if any have woken up to what is going on, especially if Germany is about to be left propping all of EU on it's lonesome...up til now, none had really seriously considered or questioned their govs actions. Can't wait to see if anything has changed?
Please report back upon your return.
Q: what is red and green and spins at 50 mph?
Le frog in Le blender?
The big guys are going to trash the markets until Germany agrees to squander its hard-earned capital to save the system (i.e. transfer any and all remaining wealth to banking cartel).
Wouldn't you just love to throw Sarkozy through a chipper?
Patience, my friends, patience. It'll all be over soon.
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