RANsquawk EU Preview - Spanish Economy Minister to meet German Finance Minister - 24th July 2012

Comments

[Vic Vinegar]

Since neither the German nor the Spanish leaders can be honest about central banking, can we at least get a consensus this Tuesday on how sweet Nicki Minaj's ass is?

Clearly everyone we know out there in the real  world thinks that governments go broke because they spend too much money.  None of them will actually think that governments - supposedly being representative of the people - make the money.  Central banks do.  That's common knowledge, right?

I was told in 10th grade that I needed to vote.  But I wasn't told about who made the money.  Why did that happen?

Ah - nevermind.  Did I mention how sweet Nicki Minaj's ass is?

http://www.youtube.com/watch?v=SeIJmciN8mo

[Peter Pan]

I recommend they use Skype and save themselves the cost and the trouble of flying.

[Vic Vinegar]

http://www.youtube.com/watch?v=5gP4olaxYOM

Buy physical

[evolutionx]

AFter MOODY's

Euro-Bond yields rising to record levels in Spain: 7,6%

I 6,4%

All European Banks CDS rise overnight aprox. 10%

www.cds-info.com

[Curtis LeMay]

Spain bonds inverted...5 year yielding higher than 10 year - 7.6 versus 7.5 respectively...

Also:

Spain has considered asking Brussels for a bridging loan to see it through to the end of the year, according to reports.Sources close to the government told elEconomista that Spain would need a loan to avoid the "imminent financial collapse" that awaits the country in October when it has to roll-over €28bn of debt.

http://www.telegraph.co.uk/finance/debt-crisis-live/9422024/Debt-crisis-live.html

[negative rates]

Ah, the last bastion for sinners of all types, the MSM, soon to enter the river of denile from which they sprang.