RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 29/07/11

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mynhair's picture

Anyone know what is being quoted left of his head?  Whatever it is, is a dog; been stuck in a 12.30 - 12.65 range for about a year.

Byte Me's picture

RT quote of the temperature in Hell (°F -- of course)

iinthesky's picture

i must say.. people who believe that their income taxes go to pay for roads and firemen and even socialist security are the most irresponsible naive retards its my misfortune to come across AGAIN AND AGAIN AND AGAIN... why? the proof that this is bullshit is now blaringly clear to anyone with a shred of common sense.. if, lets say, even one third of the population is working on the books transferring weekly or biweekly payments to the government, and the government uses that money to pay for these things, then a default is utterly irrelevant for everyone but the banks, right? they can continue to operate as long as people continue to work and buy shit, right? could even give grandma some food and peace and even pay for the freeloading folks who have been weened on the government tit, right? wrong! the obviousness of the truth is that all this would be possible if and only if this graduated communist income tax system actually did what the moronic basketball brain public thinks it does. unfortunately it doesnt.. how much more ridiculously obvious can it get with this doomsday default nonsense being hyped up.. even a child by process of elimination can surmise that income taxes go nowhere except to transfer payments to directly to pay interest on the fake made up debt owed to the banks alone. how dense do you have to be to even consider otherwise. when you mail a tax payment to the irs.. check who endorses the check.. i bet you anything its the FRBNY or another federal reserve branch. try it and find out.

Temporalist's picture

I know everyone will be most saddened by this:

Goldman Sachs rates desk hemorrhages traders

" More than a dozen traders have quit Goldman Sachs Group Inc's <GS.N> North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up."

http://www.foxbusiness.com/markets/2011/07/28/goldman-sachs-rates-desk-h...

 

Byte Me's picture

My nose bleeds in sympathy. Hang them all to a chromosome.

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