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this man is the new head of the Global Financial Stability Board
is it just a coincidence that he's a GS alum and has vampire like cuspids
Once a Carney always a carney. Step right up to the greatest show on earth!!
Watch broke assed banks lie about their real estate exposure because of FAS rulings three years ago!!
Watch a poorly constructed financial idea from 80 years ago fail miserably as there are no animals in the market, just lies!!!
...can't even bother continuing with it...
Holy crap indeed. What are the anonymouse interwebs saying about Iran Cpl?
Perhaps in a week or three, we will see why all thsi industrial build-up happened in the first place?
Germany is a part of NATO, no? or is it apart from it? As if Libyan karma was not bad enough, now Iran.
I ran, you ran, we all ran....
Yes, Germany is part of the NATO. Opposite to what many think, we are more pacifist now. German law & constitution forbids an war of aggression [Angriffskrieg]. But since law doesn't mean anything anymore - as you've seen with our support of the Afghanistan war (which was instantly declared as 'a mission to defend the security of Germany') - I don't know. However, I it is unlikely that Merkel will support a war against Iran - maybe with words and some after war actions, but not more. She wanted to be part of the Iraq war though. Germany had several missions in the recent years - in Afghanistan, Kosovo, Congo, etc. - but I would consider it a weaker part of the NATO.
But that does not mean we are not delivering weapons. I know a guy working in the German arms industry - he said to me several years ago: "I don't care about Israel or Iran - I care about business." So you may find German weapons on both sides - not always officially of course. But does that count? Earlier this year Germany signed a contract with Saudi-Arabia to deliver 200 modern tanks to them. And we are delivering submarines to Israel (for years they had not to pay for them - as a form of holocaust reparation) - although that deal is on a halt currently. And Germany is working on a big deal with Russia currently - a modernization of their army.
Thanks for that interesting inside view PY. I think Germany and Japan's roles in the post WW!! scenario have been just fascinatingly played out. And the degree of social engineering in both countries (notice GUILT is the big driver in both places)....
Hmmm... and thanks for the link to the Philosopher earlier that I could not respond to at the time. It was a tough read because of the translation issues, but he had a very interesting take. Right from the word Crisis and his interpretation of it.
You forgot surveilance and spies. Even though sending soldiers is hard to sell to the german population, the gov is always willing to secretly provide spy services to western aggressors - typically with a year later later it being revealed and causing a bit of media outrage, but no consequences.
Yes, that's true, Rynak. Especially the German BND (German "Intelligence" Service) is always part of the game. If asked they will also deliver fake information to justify a war (think of Curveball and Iraq invasion)
I'm betting on it, i got fiat aplenty waiting to pick up assets.
But if they succeed in amending the ECB charter or that SDR stunt, all bets are off.
It's going to be hilarious when China devalues again to juice exports.
Perhaps another super destocking cycle is on the cards.
Yeah, I just can't see how you can print your way out of this. The world has built to much of everything and all the fiat in the World won't stop it. But it doesn't mean they won't try....
Depression... Manic De-pression
At least now there will be less griping about ECB bond purchases.
Because it's a good indication that a large percentage of Germans are about to get laid off and more than likely go down the road of Greece?
Read after me:
Giant exporters never did, and still do not, provide the majority of jobs. Just like everywhere else, the domestic market instead is doing that - and that one has been in decline since the begin of the "german manufacturing wonder", which really instead was a "mutinational government-sponsored export wonder bought on credit".
Because German industry needs Greek, Spanish, Italian, French, Portugese and Belgian customers. Now people relaize that bond purchasing is a German jobs program.
Can't out run (out print) deflation.
the DAX is taking it pretty good! shows how corrupt it all is!
...sigh...oh well, since the East Germans are still pussy whipped, maybe the West German Element will take control of this situation.
That's interesting because I thought that Germans have done very good job assimilating East and rapidly rised standard of living in that part of Germany. It looks like both sides are not too pissed off with that situation. East Germany was about 17 mln people when they merged and still Angela (East Germany) has support of at least 50% of population. Most of their debt flows from investment in the east.
Nah its just the "corporates are decoupling from the real economy" delusion.
The last time it was Asia, cant reuse the same theme so soon now can we?
It might take till next earnings season before the sheep panic, in the meantime distribution galore.
Hardly blinked did it?
oops until right now - Dr Copper a good leading indicator for risk again today.
edit - the big dipper dips again: Mrs M says no G20 `agreement on IMF resources`
The word is driven ONLY by headlines and expectancy of fiat creation juice. Stuff like Industrial production just dont matter.
...The Eurosion continues...
Adolf i miss you :)
Reality, 99 % live in it, 1% deny it (or live in a different one).
We need a factory setup just like in Schindlers list.
Are you signing up to be the "worker"?
My reversal day finally..could be a nice 300 pt drop TY. Germanic peoples.
In the topping process the market tends to rollover and plunge, while the bear rallies tend to be dramatic intraday affairs.
Great line. Fighting not only speculators but reality!!!!
All the bubbles are deflating. Slowly putting pressure on each other, causing them to deflate more. No one/nothing can reinflate them. The Age of Excess is over.
China powers the manufacturing miracle of Germany, cut the power plug from those fixed assets maniacs party officials of China and watch this index go lower and lower...
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