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So Much For The G7
Just as expected an hour ago...
- JAPANESE FINANCE MINISTER AZUMI SAYS G7 WILL NOT ISSUE A JOINT STATEMENT
- AZUMI: G7 DID NOT DISCUSS GREECE LEAVING THE EURO
But...
- AZUMI: G7 AGREED WILL WORK TOGETHER TO DEAL WITH PROBLEMS IN SPAIN, GREECE - RTRS
- AZUMI URGED EUROPE TO EASE CONCERNS OF FINANCIAL MARKETS
- AZUMI: G7 AGREES TO COOPERATE TO RESOLVE SPAIN, GREECE PROBLEMS
Luckily, they did discuss the.... Yen?
- AZUMI TOLD G7 JAPAN IS CONCERNED ABOUT RAPID YEN RISE
At least they agreed to agree to hold another press conferences... when XO is over 1000 bps. And so much for that. Next up on the disappointment ladder: the ECB.
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Ssssh, cant tell anyone that the world is broke!
Can't be broke.....the printer is still working fine.
But, its the paper stupid!!
Save the trees, go Al Gore!
Does a bukake money shot count as a joint statement or seven individual ones?
TPTB status quo people prefer it over golden showers still.
I think the rate of exchange is 2 Japanese bukkake shots or 10 live Squid in a hairy beaver for a Cleveland Steamer and a French Swirl.
I could be wrong though, I don't probe too deeply into the day to day affairs of banks. I'm happy regarding the macro level. I leave those discussions for the philosophers otherwise.
next up; G7 1/2
Is that China's voice I hear? Has Japan chosen it's side?
It makes sense, China has all those vacant cities ready for the Japanese mainland evacuation.
Only problem is that Pandas fuck more often than the Japanese. Thirty years after the Japs move in the place will be a retirement village serviced by robots with tentacles. Plus they'll find a way to nuke themselves ... they always do.
(/sarc)
Bingo.
Japan won't survive a real sovereign debt reckoning / global debt deflation. This is the domino to watch.
They've been pretty good at running the clock so far.
A joint statement by the G7 would be worth about as much as their joint balance sheet.......nothing.
Video of mass seppuku of Japenese ruling elite at 11:00
Does seppuku mean drinking martinis at oceanview villa?
Very dry uku?
Quote:
Bullish!!!!!
Okay...so now I think we are hitting a real bottom...in market credibility...that market participants were waiting on a G7 conference call. Good grief...how stupid and desperate is that? And because the market so completely broken, I suppose now we rally.
Just pathetic.
Don't matter today or what ECB says. They will make it better than it really is and market should take off. I am expecting a bounce to around 1350, Could last a few weeks. We are oversold here and looks like we hot short trm bottom. Mind you in 4-6 months we will be significantly lower
how many meetings g7 are made in a year?
Is it useful? I guess for hotel and media are.
In a video conference can they fix eurozone problems?
The G7 can serve as mouthpieces for the ones who really matter, their central bankers. If the bankers themselves got together their words would be of more importance. Sadly that can't happen because bringing that many central bankers together would create a black hole of darkness that would consume the earth.
It would also paint a target on their back. The CB's would never willingly show they are in charge.
if EU doesnt cooperate there s always the banking gnomes at The Fed to begin brewing up some b.s. alchemy to try to squeeze the shorts
once again.....BULLISH!!!!
But...
That clearly demonstrates, how quickly the G7 can resolve differences and commit to a unified action.
Ofcourse, it will not be a one day process, will need a series of meetings and delibrations but rest assured the problems in Spain will be dealt with.
Public is rioting and protesting, withdrawing funds from the bank and blaming the Eurocrats for their own mess. All these problems will be dealt with.
Nor Greece will be allowed to leave Euro. Even when a man is totally broke and sold all his posessions and family, he still has 2 functioning kidneys.
Japanese Discretion ! Hiroshima and Nagasaki....destroyed and rebuilt....and thriving ! Fukushima is lost forever ? Bullshit ! Resourceful people agree....the best place to rebuild a Nuclear power plant....is on land already consecrated to the noble enterprise ! Monedas 1929 I love resourceful Capitalists ! Rebuild Chernobyl...while you're at it ! SARC: Off (x) On ( )
There is that whole tricky business of people dying of cancer and radiation sickness because people still have to show up and make it run. But you are right, if the sandbox was shat in. Shit in it some more. Containment through disaster reassignment.
Doesn't change the nature of what nuclear energy does or what it's requirements are. Keep in mind we are still only apes fucking around with the power of the universe. What could possibly go wrong otherwise?
We learn from our mistakes....if hovering Socialist mother/minders will let us grow ! We have much bigger problems to recover from than melt downs....we have to educate the world to the possibilities of freedom....a much more daunting challenge ! Monedas 1929 Comedy Jihad Baby Steps Walking Back Socialist Ignorance
Yeah, about Spain: MSM found out that "Bankia: €19bn may not be enough" - see: http://en.elconfidencial.com/economy-business/2012/06/05/bankia-19bn-may-not-be-enough-113/
1140 is the QE line. 20% correction. Same as 2010 and 2011. It's not rocket science.
Next G will be.G6 jet to santorini for all these idiiot beurocrats to take their summer vacations.
Does that mean instead of a joint statement will get various rumors that algos can fight over? Yippie!!!
Alessio Rastani was right...
"go phuck yourself." "you go phuck yourself." "oh, yeah? Phuck you too." "really? Phuck you and the horse you rode in on." "it was a Boeing bitch." Such happy people those G-7er's.
So all of this is bad enough to make Europe markets shoot up on anticipation of an announcement of a meeting to formulate a plan to formulate a plan to fix that which cannot be fixed?
I gotta lie down...stupidity makes my head hurt...
G7 will meet on having meetings to talk about the meetings that they have met on and then lets meet at the villa!
...and tomorrow:
Webcast of the press conference 6 June 2012'Press conference following the meeting of the Governing Council of the European Central Bank on 6 June 2012 at its premises in Frankfurt am Main, Germany, starting at 2:30 p.m. CET' (or later, as usual)
http://www.ecb.int/press/tvservices/webcast/html/webcast_120606.en.html
Hey guys, the Slogster is reporting that:
"The Eurozone’s April retail sales were down a full 1% compared to the March figure. The ‘expected’ fall was -0.1%. Year-on-year, the number predicted was -1%. The actual figure has come in at -2.5%"
This wont affect AAPL will it guys ? I follow what all the smart hedge fund guys do and put all of my retirement nest egg in AAPL because their products are so neat.. but now I'm worried about this latest Euro data point.
These things seem to get resolved in one of two ways and it is never at a high profile meeting of so called leaders.
1. Thousands of hours of work by people behind the scenes who agree upon the solution, give it to the bosses and they all sogn off.
2. Some higher SINGULAR power dictates the solution and everyone falls in line.
There are no miracle solutions when ego and self interest are involved.
azumi ... was a great movie.
WOW...!!!
This group of terrorist even give themselves a Gang name....