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As A Reminder, Here Is What China REALLY Thinks About Italian Bond Purchases
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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When China wakes up they will deny but we will be closed
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!"
Actually here is the exact piece of information needed.
Original Source:
Shitty translation:
http://finance.sina.com.cn/money/forex/20110913/091210469614.shtml
China will help by waving their hand from the deck of their ship while the euro titanic sinks.
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.
+1
And that's how the game (ultimate Ponzi that are not only broken, but criminally rigged ,markets) is played.
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.
"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?
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.
http://azizonomics.com/2011/09/12/will-china-bailout-the-world/
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.
I lol'd.
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.
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.
S&P green, SPY flipping around like a dying bug......whhat a fucking farce, blatant, damn.
DOW green, what a shitshow.
oops, dow red......lol
green again, everything, must.close.green!!
yep, gonna close on highs, lol, hhahah, fuck.
options expiry week...should be fun
Yeah.......always crazy, all the time. Market needs a shrink.
Kim did a dance,
Peels dress off,
get green at 4!
but ECB *is* buying italian bonds
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.
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.
"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.
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.
some simply cannot see the forest for the trees
“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.
Wall St. is a criminal organization ... capesh. Don't put it past Bernanke and Co. to be placing these rumors out there as well.
***Updated Correction: Financial Times***
that's f'n hilarious
Funny, but you forgot "IM GOING TO MAKE YOU A DEAL YOU CANT REFUSE".....
EVERYONE! TO THE MATRESSES.....
Why you looka so sad...it'sa notso bad...itsa nice place...AHH SHADDAP YOU FACE!
http://www.youtube.com/watch?v=sFacWGBJ_cs
Nothing to see here. Move along....
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.
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?
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.
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.
watching them buying utilities.. like drifting towards the edge of niagra falls, jumping out of an inner tube into a canoe for safety.
Tyler, you are always confusing people with details... you really should learn to stick to the script
Damn. The one day I forgot to wear my hip waders...
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.
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.
Why are PMs being sold off?
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.
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.
Yep - try to buy physical. Difficult.
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?
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.
because scared people sell paper metal to suppress the price.
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"...
LOL....
What a game.
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?
today makes no sense...DOW down, PM's down, EURO down
then end of day, DOW up but everything else still sucking shit...WTF?
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?
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...
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
you left out Bang da Ho
Gotta save that one, that's great!
Where's the BSD in this place? - Hu Hung Lo.
When's lunch? - Mi Hung Ri.
You fucking asshole! - Bring Da Gun.
Add the rayciss -- Watermelon: Kun Chow
It's a stampeeding herd...get the fuck out of the way long spx short dax....
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?
FT: Financial Tool
Wow - now that is an impressive end of day rally.. everything must be better.
this is clearly the "Hand of God" market.
lol
...uh, Chairsatan's hand (the black hole) yuh mean. lol http://www.youtube.com/watch?v=JXBKfQgzUpc&feature=related
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.
Fade this horseshit.
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).
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.
enough said.
http://farm6.static.flickr.com/5210/5326031690_b7a1013140_z.jpg
Complete farce.
"Market" is as "market" does.
"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"
dont fuck with the fucking ponzi bitchezzz
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.
OK... but what does China do when they run out of the Peoples Cash>>>??? CB Tom Tuttle from Tacoma clip...
http://www.youtube.com/watch?v=6qLzQ4uOvio
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.
Efficient markets.. /sarc..
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.
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!”
...that was the funniest thang I've heard all day ...and it's Notapplicable. lol
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.
Me love STP....nice one
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.
CHINA TO ITALY ET. AL.
"YOU CAN SUCK MY DICK AND TAKE ALL DAY!"
This is your brain(egg), This is your brain on ponzi(fried egg) any questions????????
So when China denies all this in a few hours we should of course see futures down -400.
Yes, but only to be replaced with another rumor that will cause the next melt up into the close. All is well, bitches.
pardon me if I don't hold my breath on that, they have more tricks than a Detroit crack whore
asia will buy this rumor, europe will sell it
JOKE:
What do you call an Italian with one arm shorter than the other? Speech impediment!
how do you know when an Italian has burglarized your house?
All the garbage is gone and the dog is pregnant
This market is devoid of facts. Why should this one be any different.
It's all about the spin.
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...
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
That's a great story, now take off your clothes
'Shut up and drop yer britches' is more kind....always a winner when Mrs. Rainman gets really, really pissed at Mr. Rainman.
Italy couldnt sell a famous bluth chocolate covered banana
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.
So, how long until China pops this FT ponzi balloon?
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.
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!
Eat shit, yank.
The Middle Kingdom investors are buying KY Lube for their Awakening.
The ECB has bought and IS buying Italian bonds. And Spanish and what not. Above reminder is outdated. I go to sleep.
wow that puts all other stick saves to shame...
No Signs of China Bulls in Italy’s Debt Market