Negligible Demand For Spanish Treasury Bills Leads To Plunge In Auction Bid To Cover From 7.62 To 2.47 In One Month

Tyler Durden's picture

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Racer's picture

And the 'markets' care not, only rumours not facts matter

Fips_OnTheSpot's picture

We wonder how long the idiotic market will go -- well, until the whole thingy collapses.

GeneMarchbanks's picture

'We wonder how long the idiotic market will go with rumors spread by former WSJ Moscow bureau correspondents, as opposed to facts spread by German ministers of finance.'

As long as is needed to keep the truth goblins away. The ostrich strategy is one of the more ingenious ways to replace actuality with a deranged fantasy...

Racer's picture

Yes, and people looking at the 'markets' would think all is rosy in the garden, all problems solved and the economies are booming again

BlackholeDivestment's picture

...it's like somebody riding nakedshort wheelies on a Duck and hitting the next gear. http://www.youtube.com/watch?v=7AU3MzYjUiA lol

snowball777's picture

http://www.youtube.com/watch?v=sI0RnlwQBUc

I'm rolling.........
I've gotta get a new balm
I've gotta get a tight tension on
I've got to slip it up until the rush gets gone
I've got to feel it with the hot mind on
I'm rolling
I'm rolling
I know you got it but you got to go
I'm gonna get into the batter so the mix might glow
I hate to do it, but I did it though
I'm gonna bite into the body like the risk is no risk

Peter K's picture

In the Soviet Union, everything was all right also. Just like in Euroland.