Slovak PM Joins Calls For Eurozone Split

Tyler Durden's picture

And there they go again with that word out of place. Just out of Reuters:

  • SLOVAKIA'S PRIME MINISTER SAYS EURO ZONE SPLIT MAY BE NECESSARY, DE FACTO SPLIT ALREADY EXISTS

Expect Barroso and Van Stock Ramp to come out with denials and allegations of nuances lost in translation shortly.

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RSloane's picture

Of course there is already a split. I'm starting to like Slovakia more and more, though.

jdelano's picture

I've got this feeling--call it an intuition, today ends in the red.  

WestVillageIdiot's picture

I was thinking the same thing but I am done trading this bullshit market and having my lunch money go to the crooks on Water Street, Broad Street and Wall Street.  Fuck them.  If they want my cash they can make it the old fashioned way and mug me in Tribeca. 

trav7777's picture

Two-tiered Euro...wtf?  Gresham's law will brutalize the south

WestVillageIdiot's picture

You've got it all wrong, once again, Trav.  The people will still want the southern currencies because there are economic models by local economists that show just that.  I believe when LBJ took silver out of our coins he believed he could punish the price of silver so badly that nobody would want to hold the old silver coins.  =)

Did you notice that oil is up to $99?  I bet you did.  Don't you love how these phony little stock market rallies always shove it right up main street's tailpipe? 

Hugh_Jorgan's picture

The stark, sad reality is that the problem in Europe is that their social and economic fabric has warn painfully thin, Their ideas have been tested over and over and been found wanting. However, none of the power brokers will let go voluntarily. This means that the needed social change likely comes by way of Mankind's shame, a giant bloody war. The only choice I see for Europe is whether they enslave themselves to China first, and then go to war or just go to war. We are about to see more ugly history made over the next 20 years..

jdelano's picture

Yeah--I decided in recent weeks that I'm done.  I have puts on and a few shorts that I will ride out but after those either go to nil or generate a 20% profit, I'm out--literally, forever.  I'm going to liquidate completely, buy some pms, and put the rest into leasable farmland or a franchise.  Been looking into McDonalds since they are looking to open about 1300 new locations.  But I am not going back to the equity or bond markets unless or until they are once again legitimate and controlled by fundamentals.  I'm optomistic that others will probably end up doing the same--voting with their feet and that is what will ultimately force reality back into the markets....  Hell, maybe I'll open yet another fucking cupcake store--how about on little west 12th next to all the clubs so when B&T whores get out at 4 in the morning they can walk over and get a tasty booze sponge treat...  Anybody interested in investing?  

Larry Darrell's picture

Are you already part of the McD organization?  If not, good luck.

In 30 years of work with McDonalds, my father has only met 2 owner/operators who didn't come from within the organization.

jdelano's picture

I have a family friend who just bought 3--he's a retired architect, owned his own firm for 20 years, no prior affiliation to MCD.  He said they were pretty receptive.  Was planning on using him as my in... we'll see I guess.   

dark pools of soros's picture

how long before they lobby to allow SNAP cards at fast food joints??  should I get 8 figures for presenting that idea?

RSloane's picture

I have the same intuition. This is all going to crumble to rubble, the question is when. Don't know if today is the day or not but it feels like a slight breeze of  Armageddon may chill the markets.

My SO, however, is very familiar with my intuitions which he attributes to hormonal surges.

sunny's picture

Good luck with your feelings.  Dow at +222 as I type.

sunny

WestVillageIdiot's picture

And when do you sell?  A point rise means nothing until you sell.

TruthInSunshine's picture

It will be transitory.

We'll have plenty of +2% and -2%+ days, and then boom, out of nowehere, because "nobody could have seen it coming - nobody" /s ,' someone will publicly announce a simple mathematical equation that had been known for quite some time, and the sudden realization that it's all been crashing all along as the latest and greatest bubble elevated on the empty rhetoric of central banksters and highly massaged and abused statistical data will settle in amongst even the sheeple, as the race to unload and get to positions of non-toxic, non-bagholder status (i.e. liquidity) will be on like donkey kong.

Oztralian's picture

McFly is going to be McBroke if you're trading off that intuition

jdelano's picture

McFly could give a Mcshit, I just like watching you bulls get all jittery.  It's like you guys all know you could get fucked at any moment--bam, Germany comes out and says, 'well guys we looked at the numbers and what do you know, it really is totally unsustainable after all!  So um...we're out'--but you just can't help yourselves.. too stupid and uncreative to figure out any other strategy besides buy and hope.  You're all gonna be in the market the day Europe implodes, and you'll all be looking at each other going "OMFG, HOW DID THIS HAPPEN?  HOW DID THEY LET THIS HAPPEN?"  You'll lose your ass, and I will be reading the headlines about you dumb fucks jumping out windows and smirking....  He who laughs last laughs best...   

Ahwooga's picture

This is the finest post I have ever read on ZH. The fact these morons get paid for never having had an original thought in their lives is so offensive I have never known how to put into words my feelings towards them. You get 3 gold stars for this one jdelano.

Bring the Gold's picture

It was a nice post and gave him green, but....the finest post on ZH ever? Do you only read the first two comments or something?

Honey Badger's picture

He who panics first, laughs last.

lolmao500's picture

So how long before the Slovak minister has a heart attack?

RSloane's picture

He needs to avoid standing near pedestrians with pointy-tipped umbrellas.

WestVillageIdiot's picture

"Would you believe he was able to shoot himself in the head 11 times?  He was some marksman." 

RSloane's picture

Indeed, considering he was hand-cuffed at the time!

gmrpeabody's picture

Wasn't it Claudine Longet who "accidently" shot Spider Sabich 6 times, and was acquitted in Aspen?

Then again, I maybe have the names wrong. Anyway, he should avoid sking in Aspen.

covsire's picture

Some people just have their demons.  Poor fella.

GeneMarchbanks's picture

Whore price deflation is killin'em

J 457's picture

And somehow this is bullish for EUR/USD with DOW up 240. 

HamyWanger's picture

The PigMen are taking the ~11700 shorts to the cleaners. Now that it has been pretty much done, we can go back to business as usual. Maybe a 400-600 points correction. 

WestVillageIdiot's picture

If anybody here was in a Euro country wouldn't you be hedging yourself with some level of PM buying?  Especially if you were in Greece and Italy. 

X.inf.capt's picture

hell,

im hedging with physical PM's....

and im in the good ole' USA....

X.inf.capt's picture

bring it..

can we get this over with,please!

silver500's picture

I guarantee that over the next six months European leaders will do a large number of U turns over splitting the Euro

Projected number of U turns:

Germany: 2
France: 2
UK: 1
Greece: 4
Slovak:3
Spain: 3
Italy: 6

ZeroPower's picture

Market's bbg must be turned off- not reacting to anything except each tick must be greener than the prior one.

HamyWanger's picture

The volume is ridiculous, but it is sufficient to cause devastation in short desks right now.

prains's picture

He may have dripped some schnauble on his merkels and will have to wipe it up

WestVillageIdiot's picture

And look at stock markets around the world rallying.  It is just amazing to watch this farce.  This reminds me of 2007 when it was so obvious how bad housing, and the economic world were, and the stock market just kept going up.  The key is to just be patient.  Can they really outrun reality forever?

In the previous thread there is something that needs to be clarified.  People need to quit calling the likes of Merkel, Sarkozy, Obama, etc. "our leaders".  They are not our leaders.  They are our politicians.  They are the furthest thing from leaders that one can find.  This is like calling those highly leveraged investment funds "hedge funds".  It is amazing how language is poisoned to achieve a result.  Sad, sad, sad. 

Dr. Engali's picture

The problem is two fold.

1) weak handed bears jumping on each down draft only to get their money taken away with a sqeeze.

2) Everybody and their brother is trying to get in ahead of QE3. The problem with that thinking is the market won't fall to levels that gives the fed cover to print.

Odin's picture

And time to bring in the brainwashed cloned double......"Slovak PM denies ever making claims"

lolmao500's picture

Very bullish for Europe :

http://news.yahoo.com/nuke-agency-reports-unusual-radiation-europe-13450...

Nuke agency reports unusual radiation in Europe

The U.N. nuclear agency is reporting "very low" — but higher than usual — levels of radiation in the Czech Republic and elsewhere in Europe.

i-dog's picture

Brussels tried to nuke Slovakia ... but missed. They just can't get anything right!

High Plains Drifter's picture

well the belgians have given us at least two good things that i know of.  fn herstal and jack van impe?   :)

Negro Primero's picture

...well, according to this map, some days ago there was some 'unidentified low radiation' going on in Austria, and also in Ireland.

http://gamma.tar.bz/maps/main/?z=9&c=48.283193,14.577484&grid=0

lizzy36's picture

Fingers crossed that their is an extra MIT grad with ECB on his resume that can be drafted into Spain by yank Thanksgiving.

Who knew technocrats were the solution.

TruthInSunshine's picture

Long Term Capital Management taught us that nuclear physicists and other highly technically trained 'smart people' are the best 'tools' to manage complex financial crises.

 

 

/s/

High Plains Drifter's picture

jim rickards walked out of the smoke of the collapse of ltcm and now he is a good guy..........he took off his black  hat and put on a white hat. 

wang's picture
wang (not verified) lizzy36 Nov 11, 2011 11:31 AM

kleptocrats

youngman's picture

Does a EuroZone Split have Bananas, Ice Cream,  whip cream,,,and those pretty colorful little sprinkles...I like those.......