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As A Reminder, Here Is What China REALLY Thinks About Italian Bond Purchases

Tyler Durden's picture


On one hand we have FT "reporting" about Chinese Italian bond purchasing ambitions citing "unidentified Italian officials" one day ahead of a major Italian bond auction (wink wink nudge nudge). On the other hand, we have Reuters, citing a real live Italian Finance Minister (though not for long) Giulio Tremonti, who tells us a slightly different story, which, gasp, cites real live people: "Italian Economy Minister Giulio Tremonti said on Thursday that Asian investors are reluctant to buy Italian bonds because it sees they are not being bought by the European Central Bank."

From Reuters "Italy says Asia asking why why ECB isn't buying bonds":

Italian Economy Minister Giulio Tremonti said on Thursday that Asian investors are reluctant to buy Italian bonds because it sees they are not being bought by the European Central Bank.


Speaking at a news conference, Tremonti also said it would be desirable for the central bank to follow the lead of the Japanese and Swiss central banks in taking expansionary steps to tackly the euro zone's crisis.


"I note that the Bank of Japan today launched quantitative easing and the Swiss cen bank cut rates to zero, we are waiting for decisions if possible, but desirable (from the ECB)," Tremonti said.


When you talk to Asia they say: "We don't understand what Europe is," he continued. "The second point is that they say 'if your central bank doesn't buy your bonds, why should we buy them"?


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Mon, 09/12/2011 - 15:45 | 1660938 Irish66
Irish66's picture

When China wakes up they will deny but we will be closed

Mon, 09/12/2011 - 15:50 | 1660970 Jasper M
Jasper M's picture

When China wakes up, it will chew off the arm that Europe has fallen asleep on, to escape. 

"Ug! To much rice wine! Now must go boil honorable self!" 

Mon, 09/12/2011 - 21:42 | 1662167 CPL
CPL's picture

Actually here is the exact piece of information needed.


Original Source:



Shitty translation:

Earlier, Chinese Ambassador to the EU Embassy Press Counselor Wang Xinning said in an interview that the Chinese government is considering whether to buy euro-zone bonds again, but to buy European bonds are based on commercial considerations. He said China hopes the situation is getting better the euro area, and are willing to assist, but impractical to spend millions to buy European bonds. The EU can not rely solely on China to save Greece.


China will help by waving their hand from the deck of their ship while the euro titanic sinks.

Tue, 09/13/2011 - 05:31 | 1662847 Léonard
Léonard's picture

Do you really think the Chinese would be stupid enough to help the Euro  if they didn't trust it ?

Come on. Greece's GDP is insignificant for the Eurozone and if the country default, the Euro will be stronger than ever. So stop the nonsense. The seriously ill currency is the dollar not the euro.

Mon, 09/12/2011 - 15:51 | 1660974 TruthInSunshine
TruthInSunshine's picture


And that's how the game (ultimate Ponzi that are not only broken, but criminally rigged ,markets) is played.

Mon, 09/12/2011 - 16:48 | 1661055 hambone
hambone's picture

Poor, poor ZH trying to bring logic to a worldwide bullshit party.  Poor, poor truth buried under mounds of feces.

Best defense is a good offense...time to start just making up shit to counter the bullshit being spewed...oh wait, I guess that's what CNBC, Faux News, etc. are for.


Mon, 09/12/2011 - 17:32 | 1661451 Ghordius
Ghordius's picture

"We don't understand what Europe is"

There you have it. CNBC, Faux News, some ZeroHeads, most commentators,

all befuddled by the "EuroArchitecture".

Italy, watch out, the Japanese reacted very, very badly to the first Chinese attempts to buy in style some sovereign bonds. Why?

Mon, 09/12/2011 - 17:32 | 1661455 spiral_eyes
spiral_eyes's picture

China are entitled to hang onto their money and let asset prices depreciate further to get more bang for their buck. But some signs suggest they will act. The more Europe and America deteriorate, the weaker the demand for Chinese goods.  And China’s massive FX holdings’ value is dependent on the system of international trade and the economies of various Western nations retaining functionality.

Of course, China stepping in to buy shoddy debt isn’t going to offer any  solutions to underlying problems. At best it will kick the can do the road awhile, as Europe muddles around and continues to fail to come to any kind of meaningful or coherent agreement on its future.

What a fucking mess. 

Tue, 09/13/2011 - 00:56 | 1662641 Migrated Bird
Migrated Bird's picture

Amen my brother!!.. China is just a richer version of warren buffett.. It is in their best interests to see that europe and eurozone does not crash.

Mon, 09/12/2011 - 15:46 | 1660944 Waffen
Waffen's picture

I lol'd.

Mon, 09/12/2011 - 15:48 | 1660954 jbc77
jbc77's picture

Seems to be ramping the market though, guess in the eyes of the asshole central bankers, today is a mild success. How this saves Europe from insolvency is beyond me. Truth be told, not too many humans left in the market to really care anymore. Half of us gave up and the other half is now buying physical gold and silver everymonth. Making moves to insulate one' self from central bank disasters is the new en vogue thing to do. Carry as little debt as possible, store your savings in real metals and stay away from the stock market.

Mon, 09/12/2011 - 16:52 | 1661302 scatterbrains
scatterbrains's picture

Mr market says there is a better chance of earning .10 cents on my dollar with this bullishshit news.

keeping it real though, folks should fear losing .90 cents on the dollar... I guess any chance at making that dime is blinding.

Mon, 09/12/2011 - 15:48 | 1660957 JohnG
JohnG's picture

S&P green, SPY flipping around like a dying bug......whhat a fucking farce, blatant, damn.

Mon, 09/12/2011 - 15:49 | 1660963 JohnG
JohnG's picture

DOW green, what a shitshow.

Mon, 09/12/2011 - 15:50 | 1660969 JohnG
JohnG's picture

oops, dow

Mon, 09/12/2011 - 15:53 | 1660995 JohnG
JohnG's picture

green again, everything,!!

Mon, 09/12/2011 - 15:54 | 1660998 JohnG
JohnG's picture

yep, gonna close on highs, lol, hhahah, fuck.

Mon, 09/12/2011 - 15:57 | 1661018 caerus
caerus's picture

options expiry week...should be fun

Mon, 09/12/2011 - 15:59 | 1661028 JohnG
JohnG's picture

Yeah.......always crazy, all the time.  Market needs a shrink.

Mon, 09/12/2011 - 16:02 | 1661046 JohnG
JohnG's picture

Kim did a dance,

Peels dress off,

get green at 4!

Mon, 09/12/2011 - 15:58 | 1661019 JohnG
JohnG's picture
Public Voting Ends Sept. 19 for Tenth Annual Awards Program Presented by Cintas CINCINNATI, Sep 12, 2011 (BUSINESS WIRE) -- Who will be crowned King of the Throne in this year's America's Best Restroom Contest? We'll soon find out! There is only one week remaining for online voting and every vote counts in this year's tight race. Will America's next Best Restroom be nestled inside a 13th century Tuscan castle and winery in Northern California? Will it feature silhouettes of birds in mid-flight? How about a section of the Berlin Wall? These are just some of the spectacular images inside the ten public bathrooms that will compete for the coveted title of America's Best Restroom, the popular contest sponsored by Cintas Corporation (CTAS) and now in its tenth year. The public is invited to vote for their top pick at through Monday, September 19, 2011. The site takes visitors on a photographic tour of each facility and then encourages them to choose their favorite. The winner will be announced in October. This year's finalists for America's Best Restroom are: I vote for the roach motel.
Mon, 09/12/2011 - 15:49 | 1660960 Fips_OnTheSpot
Fips_OnTheSpot's picture

but ECB *is* buying italian bonds

Mon, 09/12/2011 - 16:04 | 1661060 DaBernank
DaBernank's picture

The ECB is not buying the €400 billion in Italian bonds that the chinese think they should in order to "commit fully" to this European thing they do not understand.

Print, baby, print.

Mon, 09/12/2011 - 15:49 | 1660962 John McCloy
John McCloy's picture

This is our stock market..timely rumors...promises of more ponzi and bailouts and they wonder they the economic structures of all our countries are poisoned. People should be running full steam away from these markets instead of trying to snag a few dollars chasing the next rumor that causes a 100 point swing. 

Mon, 09/12/2011 - 16:03 | 1661058 Lord Welligton
Lord Welligton's picture

"People should be running full steam away from these markets instead of trying to snag a few dollars chasing the next rumor that causes a 100 point swing."

I think the people have.

The machines and the psychos are running the show.

I know I'm preaching to the converted but stock markets no longer exist as a mechanism for the efficient allocation of capital through price discovery.

Sorry had to get that off my chest.

Mon, 09/12/2011 - 16:44 | 1661273 reload
reload's picture

And good old fashioned capital formation has been replaced by CB printing. I was talking to the head of debt restructuring at a UK TBTF over the weekend, who was lamenting the total lack of equity funding for SME (I.E Nobody wants to take bank held debt in medium sized enterprises and have it swapped for Euity - so the bank struggles to shrink its ballance sheet) This very bright and extremely well paid banker, did not get close to admitting to understand that capital formation and price discovery can not happen in a market that has its price perameters set as policy objectives by governments and central bankers.

Mon, 09/12/2011 - 16:45 | 1661280 DefiantSurf
DefiantSurf's picture

some simply cannot see the forest for the trees

Mon, 09/12/2011 - 18:19 | 1661607 Lord Welligton
Lord Welligton's picture

“And good old fashioned capital formation has been replaced by CB printing.” That pretty much sums it up. I think your “friend” was being disingenuous. If a friend he/she was. He/She knows exactly the Central Banks in the West must create “money”. He/She knows that “money” is not capital. Nevermind the formation of it. Capital is formed by human effort and trust. Bank profits (and a bonus is profit) are formed by the lies and deceit of psychopaths. The reason we “Citizens” of the West are in the place we are is that for a few beads we have allowed psychopaths steal our will. I fear the future. Democracy will have been found out as a career path for Psychopaths. What will replace it? A Republic. Yes. If you can keep it.

Mon, 09/12/2011 - 15:51 | 1660965 Everybodys All ...
Everybodys All American's picture

Wall St. is a criminal organization ... capesh.  Don't put it past Bernanke and Co. to be placing these rumors out there as well.

Mon, 09/12/2011 - 15:49 | 1660966 TruthInSunshine
TruthInSunshine's picture

***Updated Correction: Financial Times***

The Financial Times has reported that there were unidentified Italian officials who had claimed that "those-a Chinese, they-a wanna a buya our bonds and stocks and every-a-ting-a." We wish to emphasize that this report was filed based on anonymous tips placed by untraceable cellular phones from men with very thick Italian accents claiming that our reporters should "just-a trust-a us, capeche?"


Mon, 09/12/2011 - 16:00 | 1661031 caerus
caerus's picture

that's f'n hilarious

Mon, 09/12/2011 - 16:12 | 1661129 orangedrinkandchips
orangedrinkandchips's picture

Funny, but you forgot "IM GOING TO MAKE YOU A DEAL YOU CANT REFUSE".....



Mon, 09/12/2011 - 17:12 | 1661373 Dr. Eldon Tyrell
Dr. Eldon Tyrell's picture

Why you looka so'sa notso bad...itsa nice place...AHH SHADDAP YOU FACE!




Mon, 09/12/2011 - 15:51 | 1660976 Stochdoc
Stochdoc's picture

Nothing to see here.  Move along....

Mon, 09/12/2011 - 15:51 | 1660978 RobotTrader
RobotTrader's picture

The fact that everyone is denying buying European soveriegn debt means that somebody big is about to buy.

Heh, 80% yields on Greek notes is too irresistable to China, Japan, Taiwan, etc. when they are getting zero interest on short term Uncle Gorilla notes.

Mon, 09/12/2011 - 15:59 | 1661027 BorisTheBlade
BorisTheBlade's picture

Heh, 80% yields on Greek notes is too irresistable to China, Japan, Taiwan, etc. when they are getting zero interest on short term Uncle Gorilla notes.

You have a choice to either buy their bonds and prolong insolvency or wait for some time and buy the whole country when it defaults, which one is better?

Mon, 09/12/2011 - 16:10 | 1661111 Lord Welligton
Lord Welligton's picture

That is the first sensible thing I think you have said.

Allow me elaborate.

They make a long term side deal with the Greeks.

A port.

Or a short term deal.

NATO secrets.

Buy at a discount of 50%.

Even if the haircut is 25% they're still going to do a lot better than Benny Bucks.

Mon, 09/12/2011 - 18:56 | 1661712 Freewheelin Franklin
Freewheelin Franklin's picture

They make a long term side deal with the Greeks.


Why not go all in? A military base; private airfield; the first born of...

Maybe if they try hard enough, they can get the Greeks to hand over Carla Bruni on her next visit there.


Mon, 09/12/2011 - 15:51 | 1660979 scatterbrains
scatterbrains's picture

watching them buying utilities..  like drifting towards the edge of niagra falls,  jumping out of an inner tube into a canoe for safety.

Mon, 09/12/2011 - 16:37 | 1660982 Flakmeister
Flakmeister's picture

Tyler, you are always confusing people with details... you really should learn to stick to the script

Mon, 09/12/2011 - 15:52 | 1660984 HD
HD's picture

Damn. The one day I forgot to wear my hip waders...

Mon, 09/12/2011 - 15:52 | 1660988 Belarus
Belarus's picture

I think this is algo's gone wild. It started first thing this morning. Market wanted to freefall but as it was the market suddenly got pinned on at -1.07% and seriously didn't budge for what like seemed forever...then ramped higher when it finally did.

This was a computer day all the fucking way. 

Mon, 09/12/2011 - 15:57 | 1661016 Ryman1075
Ryman1075's picture

I was watching the same thing...S&P kept bouncing off 1141 and dow kept bounding off of 10867.  Every time they dropped below, one click later and they were right back at the same spot...

Today shows how rigged the casino is and how diconnected from reality the markets are.

Mon, 09/12/2011 - 15:52 | 1660990 Smithovsky
Smithovsky's picture

Why are PMs being sold off?  

Mon, 09/12/2011 - 15:55 | 1661006 Fips_OnTheSpot
Fips_OnTheSpot's picture

My thought - the "concerned" are going from ETF to physical. But you wont notice that on the paper-based (~99%) chart.

At least until ZH will publish some more about real-bullion-tradings.

Mon, 09/12/2011 - 15:56 | 1661010 tmosley
tmosley's picture

Because I willed it so, so that I can buy more.

Wait until you see the next round of volatility, with the downward bias.  Paper may trade sub $1200, and sub $20, but physical will be hard to find.  REALLY hard.  That's when it hits the fan.

Mon, 09/12/2011 - 16:04 | 1661064 Fips_OnTheSpot
Fips_OnTheSpot's picture

Yep - try to buy physical. Difficult.

Tue, 09/13/2011 - 02:24 | 1662681 Smithovsky
Smithovsky's picture

Physical as in coins or BullionVault or what?  I agree that coins are hard to get and have been hard to get for a while now, but that's not really a good proxy for physical, that's chump change.  The BullionVault version of physical is in line with the COMEX future.  Sprott PHYS premium is only 4%.  But most importantly, you can take delivery of physical when your COMEX future expires, which means that COMEX price is THE physical price (until, of course, the moment EVERYONE tries to redeem it - then not so much).  So, where do you see that paper and physical are diverging?  

Mon, 09/12/2011 - 16:02 | 1661052 Solid Gold Bubble
Solid Gold Bubble's picture

They aren't. It's just Blythe selling imaginary pieces of paper that correspond to silver she doesn't have and doesn't exist. The spot price has zero connection to physical supply/demand.

Mon, 09/12/2011 - 16:07 | 1661086 Piranhanoia
Piranhanoia's picture

because scared people sell paper metal to suppress the price.

Mon, 09/12/2011 - 15:54 | 1660997 RobotTrader
RobotTrader's picture



After this run off the lows, the Fed is going to hire some Madison Ave. public-relations firms to start crafting some "statements" about how "certain investors" are interested in buying Europe right now.

And, of course, Bloomberg will quip "According to sources familiar with the matter"...


What a game.

Mon, 09/12/2011 - 16:08 | 1661099 Flakmeister
Flakmeister's picture

Hey Robo.... what happened to oil today?

I wonder if the report that OPEC is snarfing every available rig to drill for oil that no one wants has something to do with it?

Mon, 09/12/2011 - 15:55 | 1661001 Dog Daze
Dog Daze's picture

today makes no sense...DOW down, PM's down, EURO down

then end of day, DOW up but everything else still sucking shit...WTF?

Mon, 09/12/2011 - 15:57 | 1661003 dwdollar
dwdollar's picture

Even IF this is true...  Is it really going to change anything beyond a week?  Who sees this and says: "Gee, I think the bottom is in.  Shit will get better from now on."  Anyone?  Retards maybe?

Mon, 09/12/2011 - 15:55 | 1661005 falak pema
falak pema's picture

ECB isn't buying italian bonds as much as Berlu would like because as a protestant he does not bunga bunga...he has only two months to go and won't bunga bunga to please berlu...Triché is a true stoic. Even though he now likes to print. I wonder who taught him that...

Mon, 09/12/2011 - 15:57 | 1661014 Transitory Disi...
Transitory Disinflation's picture

Chinese translation can be misinterpreted.....


These are the latest rumoured quotes:


Are you harboring a fugitive? Hu Yu Hai Ding?

See me A.S.A.P. - Kum Hia Nao

Stupid Man - Dum Gai

Small Horse - Tai Ni Po Ni

Your price is too high!!! - No Bai Dam Thing!!

Did you go to the beach? - Wai Yu So Tan

I bumped into a coffee table - Ai Bang Mai Ni

I think you need a facelift - Chin Tu Fat

It's very dark in here - Wai So Dim?

Has your flight been delayed? - Hao Long Wei Ting?

That was an unauthorized execution - Lin Ching

I thought you were on a diet - Wai Yu Mun Ching?

This is a tow away zone - No Pah King

Do you know lyrics to the Macarena? - Wai Yu Sing Dum Song?

You are not very bright - Yu So Dum

I got this for free - Ai No Pei

I am not guilty - Wai Hang Mi?

Please, stay a while longer - Wai Go Nao?

Meeting was scheduled for next week - Wai You Kum Nao

They have arrived - Hia Dei Kum

Stay out of sight - Lei Lo

He's cleaning his automobile - Wa Shing Ka

He is a fat man - Wun Fat Gai

Mon, 09/12/2011 - 16:05 | 1661075 DefiantSurf
DefiantSurf's picture

you left out Bang da Ho

Mon, 09/12/2011 - 16:08 | 1661095 JohnG
JohnG's picture

Gotta save that one, that's great!

Mon, 09/12/2011 - 16:43 | 1661228 JohnG
JohnG's picture

Where's the BSD in this place? - Hu Hung Lo.

When's lunch? - Mi Hung Ri.

You fucking asshole! - Bring Da Gun.


Tue, 09/13/2011 - 02:16 | 1662717 StychoKiller
StychoKiller's picture

Add the rayciss -- Watermelon:  Kun Chow


Mon, 09/12/2011 - 15:57 | 1661017 max2205
max2205's picture

It's a stampeeding herd...get the fuck out of the way   long spx short dax....

Mon, 09/12/2011 - 15:58 | 1661022 adr
adr's picture

Lulu, Fossil, Netflix and the rest of the garbage stocks had 6% swings multiple times today.

In the last month if you were able to buy every dip and sell every peak you would probably be up 10,000% or more.

How could there be any news about a single corporation that could send a stock down 5% and then up 5% multiple times in any given day?

Other than computers buying and selling baskets of stocks for no apparent reason. How can this be called investing?

Mon, 09/12/2011 - 15:59 | 1661023 Pancho Villa
Pancho Villa's picture

FT: Financial Tool

Mon, 09/12/2011 - 15:59 | 1661024 Gubbmint Cheese
Gubbmint Cheese's picture

Wow - now that is an impressive end of day rally.. everything must be better.

this is clearly the "Hand of God" market.


Mon, 09/12/2011 - 16:06 | 1661082 BlackholeDivestment
BlackholeDivestment's picture

...uh, Chairsatan's hand (the black hole) yuh mean. lol

Mon, 09/12/2011 - 16:10 | 1661112 NotApplicable
NotApplicable's picture

Somebody needs to tell God that the hand is just a metaphor. Or at the least to keep it invisible. Otherwise, we may see Him driving a wagon through the sky next.

Mon, 09/12/2011 - 17:18 | 1661033 TruthInSunshine
TruthInSunshine's picture

Fade this horseshit.

- China Investment Corp chairman Lou Jiwei led a delegation to Rome last week to speak with Italian Finance Minister Giulio Tremonti and Cassa Depositi e Prestiti -- "a state-controlled entity that has established an Italian Strategic Fund open to foreign investors." This is one of multiple meetings between Italian and Chinese officials.


So, we have a massive bounce, on some bullshit regarding a meeting that happened a week ago, where people talked. And THIS is BREAKING NEWS that saved the markets from a crash today?

Good luck to the BTFDers. You are long Unicorn Farts. Make sure to let the big boyz kick you really hard in the nuts after they take all your money as you exit the World's Largest & Most Rigged Casino (apologies to the honest-by-comparison casinos of Las Vegas).

Mon, 09/12/2011 - 16:00 | 1661035 Hephasteus
Hephasteus's picture

Here's probably how it went down.

We ae goin to attack Iran and totally fuck you out of your oil. And oh could you please bail out italy too. Thank you.

Mon, 09/12/2011 - 16:00 | 1661043 Everybodys All ...
Everybodys All American's picture

Complete farce.

Mon, 09/12/2011 - 16:46 | 1661283 hambone
hambone's picture

"Market" is as "market" does. 

Mon, 09/12/2011 - 16:02 | 1661047 InconvenientCou...
InconvenientCounterParty's picture

"On one hand we have FT "reporting" about Chinese Italian bond purchasing ambitions citing "unidentified Italian officials" one day ahead of a major Italian bond auction (wink wink nudge nudge)."

FT: Unnamed source heard rumor from someone with an Italian last name.

FT: Confirms the Italian last name is "Fonzerelli"

FT: Confirms Italian source might not actually have an Italian last name.

Henry Winkler: Denies rumor. Add's, "Look, I was challenged. I gotta jump"

Mon, 09/12/2011 - 16:02 | 1661049 Subprime JD
Subprime JD's picture

dont fuck with the fucking ponzi bitchezzz

Mon, 09/12/2011 - 16:04 | 1661056 AldoHux_IV
AldoHux_IV's picture

Just more attempts the west is managing to 'correct the trade imbalances' with China.  Rather than improve the structure of an economy, become more competitive, and correct the many imbalances that exist within their respective economies it is easier to infect the more productive countries with a drug that only serves to destroy the country inside out-- it was opium back then and now it's worthless paper called sovereign debt and fiat bullshit.

One would hope that the more productive countries can resist the temptation of debt and perpetuating an unsustainable system, but greed is more powerful than opium.

Mon, 09/12/2011 - 16:03 | 1661059 Cui Bono
Cui Bono's picture

OK... but what does China do when they run out of the Peoples Cash>>>??? CB Tom Tuttle from Tacoma clip...

Mon, 09/12/2011 - 16:03 | 1661062 SheepDog-One
SheepDog-One's picture

No matter, DOW just ripped another +100 into the close, marking the spectacular coordinated manipulation to turn a -200 DOW into a +100 DOW in just over an hours time.

Mon, 09/12/2011 - 16:34 | 1661243 Mesquite
Mesquite's picture

Efficient markets..   /sarc..

Mon, 09/12/2011 - 16:05 | 1661073 John Law Lives
John Law Lives's picture

Having China buy Italian bonds does not solve the structural probelms with PIIGS.  All it does is create more debt and kick the can down the Appian Way.

Mon, 09/12/2011 - 16:06 | 1661077 NotApplicable
NotApplicable's picture

Reminds me of the old incestuous hillbilly saying, “If she ain't good enough for family, then she ain't good enough for anyone else!”

Mon, 09/12/2011 - 16:08 | 1661103 BlackholeDivestment
BlackholeDivestment's picture

...that was the funniest thang I've heard all day ...and  it's Notapplicable. lol

Mon, 09/12/2011 - 16:07 | 1661090 GenX Investor
GenX Investor's picture

one time a thing occured to me
what's real, and what's for sale?
blew a kiss and tried to take it home

it isn't you, isn't me
search for things you can't see
going blind, out of reach
somewhere in the vaseline

two times and it has rendered me
punch drunk and without bail
think I'd be safer all alone
flys in the vasoline we are
sometimes it blows my mind
keep getting stuck here all the time

you'll see the look and you'll see the lies
you'll eat the lies, and you will.

it isn't you, isn't me
search for things you can't see
going blind, out of reach
somewhere in the vasoline.

Mon, 09/12/2011 - 16:11 | 1661121 orangedrinkandchips
orangedrinkandchips's picture

Me love STP....nice one

Mon, 09/12/2011 - 16:08 | 1661100 shazbotz
shazbotz's picture

FT like any content outlet (ie. CNBC, CNN, MSNBC, Bloomberg, Reuters etc) is owned by people who have a vested interest in the global ponzi schemes continued existence.

Mon, 09/12/2011 - 16:10 | 1661115 orangedrinkandchips
orangedrinkandchips's picture




Mon, 09/12/2011 - 16:11 | 1661122 mikmid
mikmid's picture

This is your brain(egg), This is your brain on ponzi(fried egg) any questions????????

Mon, 09/12/2011 - 16:13 | 1661135 SheepDog-One
SheepDog-One's picture

So when China denies all this in a few hours we should of course see futures down -400.

Mon, 09/12/2011 - 16:20 | 1661173 pettolicious
pettolicious's picture

Yes, but only to be replaced with another rumor that will cause the next melt up into the close.   All is well, bitches.

Mon, 09/12/2011 - 16:21 | 1661176 DefiantSurf
DefiantSurf's picture

pardon me if I don't hold my breath on that, they have more tricks than a Detroit crack whore

Mon, 09/12/2011 - 16:44 | 1661274 mfoste1
mfoste1's picture

asia will buy this rumor, europe will sell it

Mon, 09/12/2011 - 16:15 | 1661148 orangedrinkandchips
orangedrinkandchips's picture



What do you call an Italian with one arm shorter than the other? Speech impediment!



Mon, 09/12/2011 - 16:22 | 1661183 DefiantSurf
DefiantSurf's picture

how do you know when an Italian has burglarized your house?

All the garbage is gone and the dog is pregnant

Mon, 09/12/2011 - 16:19 | 1661164 alien-IQ
alien-IQ's picture

This market is devoid of facts. Why should this one be any different.

It's all about the spin.

Mon, 09/12/2011 - 16:27 | 1661210 Market Efficien...
Market Efficiency Romantic's picture

This Banana Republic like BS not only dimishes remaining investor confidence; With so many following the momentum created by freakin coprporate press rumors and central banks' immediate buying action, youi can no longer outsmart markets. The only profitable way is to outdumb markets. Anticipate the most stupid and destructive and short-lived central planning idea and trade on it and you will be fine. You just have to cope with the schizophrenia in your head. Once you manage that, apply for a FED OM trading position...

Mon, 09/12/2011 - 16:33 | 1661236 SqueekyFromm
SqueekyFromm's picture

Asian stuff makes me think about HAIKUS!!!

Yellow rain showers

The Po River overflows

Five cent cee-gar, Lawd???.

(Oh, this is a really really deep one!!!)

Squeeky Fromm, Girl Reporter


Mon, 09/12/2011 - 16:37 | 1661255 DefiantSurf
DefiantSurf's picture

That's a great story, now take off your clothes

Mon, 09/12/2011 - 19:14 | 1661754 Rainman
Rainman's picture

'Shut up and drop yer britches' is more kind....always a winner when Mrs. Rainman gets really, really pissed at Mr. Rainman.

Mon, 09/12/2011 - 16:43 | 1661271 mfoste1
mfoste1's picture

Italy couldnt sell a famous bluth chocolate covered banana

Mon, 09/12/2011 - 19:43 | 1661823 tim73
tim73's picture

and Ferrari comes from where? All you got there in the USA is a bunch of oversized metal boxes with crappy steering and mpg from the 1950's.

Mon, 09/12/2011 - 16:54 | 1661313 Sequitur
Sequitur's picture

So, how long until China pops this FT ponzi balloon?

Mon, 09/12/2011 - 17:20 | 1661377 Market Efficien...
Market Efficiency Romantic's picture

yep, they wont appreciate being set up as a bunga bunga bunny. On the other hand, they are invested in the EUR already, so why screw that. I bet, tomorrows auction will tell by itself without the need for chinese denial.

Mon, 09/12/2011 - 16:59 | 1661324 What_Me_Worry
What_Me_Worry's picture

So...the US equity market is rallying because China might be willing to waste more money propping up a worthless country in Europe?  Makes perfect sense here.

Got lucky selling my SPY puts this morning.  Thank you, random rumor!  Time to put the profits into GLD 500 calls!

Mon, 09/12/2011 - 19:37 | 1661809 tim73
tim73's picture

Eat shit, yank.

Mon, 09/12/2011 - 17:04 | 1661348 PulauHantu29
PulauHantu29's picture

The Middle Kingdom investors are buying KY Lube for their Awakening.

Mon, 09/12/2011 - 18:02 | 1661565 LookingWithAmazement
LookingWithAmazement's picture

The ECB has bought and IS buying Italian bonds. And Spanish and what not. Above reminder is outdated. I go to sleep.

Mon, 09/12/2011 - 19:05 | 1661738 pappyhlace
pappyhlace's picture

wow that puts all other stick saves to shame...

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