• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Thank God European Inflation Is Under Control: Charting Italian CPI

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Thu, 11/03/2011 - 09:12 | 1840701 GeneMarchbanks
GeneMarchbanks's picture

How's that Goldman headquarter in Milan doing?

Mario sure does love 'his' people...

Thu, 11/03/2011 - 09:19 | 1840776 defn8Dog
defn8Dog's picture

The ubiquitous Goldman... in at the start of the Euro crisis, former employees Corzine, Draghi, the list will go on.  The Squid Overlord. 

Thu, 11/03/2011 - 09:50 | 1840992 HoofHearted
HoofHearted's picture

They need to talk to the Bernank. If they take out unnecessary items like food and fuels, and only consider the price of hosuing and of iPads, voila...the situation is handled! We don't see no stinkin' inflation!

Thu, 11/03/2011 - 10:25 | 1841195 whatsinaname
whatsinaname's picture

I see LOTS of MSM articles these days harping on the shale NG boom in N Dakota, Eastern Ohio, Pennnsylvania and Texas. What is the potential impact of such a hypothetical boom on gasoline prices in the US, the USD and economy in general ? Is that the panacea for all our ills ? Wonder if some oil experts would care to comment..

Thu, 11/03/2011 - 09:27 | 1840854 The Axe
The Axe's picture

UK inflation only 5.2 percent

Thu, 11/03/2011 - 09:40 | 1840937 Bicycle Repairman
Bicycle Repairman's picture

The "solution" will be inflation in the range of 2% to 10% every year until the situation clears.  Outrage will be met by lies, shrugs, blank stares and state-sponsored violence.

Thu, 11/03/2011 - 09:10 | 1840707 AngryGerman
AngryGerman's picture

Underage hookers expensive. Poor bunga. hell be glad he had his ass hair transplanted onto his head a couple years ago already

Thu, 11/03/2011 - 09:10 | 1840708 pendragon
pendragon's picture

inflation is a lagging indicator. the eurozone is going to the ice age

Thu, 11/03/2011 - 09:16 | 1840743 Abitdodgie
Abitdodgie's picture

With the north atlantic drift almost stoped they will be in an ice age, starting this year.

Thu, 11/03/2011 - 09:48 | 1840985 tmosley
tmosley's picture

Last I heard, it was actually speeding up.

Thu, 11/03/2011 - 11:54 | 1841787 UP Forester
UP Forester's picture

Gee, I haven't heard anything about it since 95% of the UK was snow-covered last December, Paris and Berlin airports were snowed-in, and the Alps had record snowfall.

Must be forecasting a warm winter, judging by the nice weather on France's Riviera....

Thu, 11/03/2011 - 09:29 | 1840871 DeadFred
DeadFred's picture

How does one say 'transitory' in Italian?

Thu, 11/03/2011 - 09:47 | 1840960 hedgeless_horseman
hedgeless_horseman's picture



Transitorio.  It is most often combined with the noun, fedeltà, meaning fidelity, and used to describe marriage, financial contracts, treaties, and price quotes.

Thu, 11/03/2011 - 09:11 | 1840710 Overflow-admin
Overflow-admin's picture

Inflation bitchez!

Thu, 11/03/2011 - 09:11 | 1840711 Irish66
Irish66's picture

I have headline fatigue

Thu, 11/03/2011 - 09:33 | 1840894 Schmuck Raker
Schmuck Raker's picture

There's a Blue Pill for that.

Thu, 11/03/2011 - 09:46 | 1840975 SheepDog-One
SheepDog-One's picture

Ignorance is bliss, just look at permabulltard posts!

Thu, 11/03/2011 - 09:12 | 1840715 Cdad
Cdad's picture

Excuse me...maybe I'm stupid...but doesn't the rate cut reverse the entire long Euro trade?  And doesn't that lead to a massive US dollar rally?  And doesn't that mean that the response this morning by WTI is...ummm....wrong?  And doesn't this mean that the DOW, with all of its weak dollar benefactors are...ummm...now in trouble on the FX component of their earnings?

In short, isn't the entire market reaction to the news that the ECB is now abandoning its one and only mandate is...ummm...wrong?

Just asking...

Thu, 11/03/2011 - 09:14 | 1840733 Irish66
Irish66's picture


Thu, 11/03/2011 - 09:19 | 1840778 Cdad
Cdad's picture

DTO...just as soon as the delerium tremors commence.  Better leverage here.

Thu, 11/03/2011 - 09:24 | 1840825 youngman
youngman's picture

I can´t understand why Gold and Silver have not trippled this last month with all the news.....the paper money is toast...anyway I look at it...its print print print..

Thu, 11/03/2011 - 09:17 | 1840734 trampstamp
trampstamp's picture
You would think since when they hiked the last 2 times the Euro rallied massively. I could only think this good for the dollar and bad for stocks. Take a shit MF! Fucking goal post movers!
Thu, 11/03/2011 - 09:20 | 1840790 Cdad
Cdad's picture

Much more than "you would think."  Seems like a lock to me.  That Euro should tank...albeit not before criminal syndicate Wall Street bankers convert on their dumb ass equity positions taken yesterday.

Thu, 11/03/2011 - 09:23 | 1840824 Hansel
Hansel's picture

ECB is at 1.25%, Fed is at 0% until 2013.  I'm not seeing "a lock," but then I don't like either one.

Thu, 11/03/2011 - 09:15 | 1840740 GeneMarchbanks
GeneMarchbanks's picture

No. You see, the Chinese are now buying the €. Printing = good. Repeat as necessary.

Thu, 11/03/2011 - 09:20 | 1840800 Cdad
Cdad's picture

Umm...the Chinese have already said, "No thank you.  We are not dumb money." [even though they are the ultimate dumb money]

Thu, 11/03/2011 - 12:30 | 1841965 FeralSerf
FeralSerf's picture

What they say and what they do is not always the same thing.

Thu, 11/03/2011 - 09:15 | 1840742 reading
reading's picture

two words:

virtual reality

The markets (every one of them this morning) look like a crack whore on their last hit. But that's ok I am sure someone will hook them up to a drip to keep the high going.

Thu, 11/03/2011 - 09:21 | 1840807 Cdad
Cdad's picture

We should see major delerium tremors today...as soon as that last hit wears off.

Thu, 11/03/2011 - 09:47 | 1840980 SheepDog-One
SheepDog-One's picture

We SHOULD, but will we?

Thu, 11/03/2011 - 09:16 | 1840744 sabra1
sabra1's picture

once the transfer of wealth is complete, will the markets crash, so those with all the big bucks can swoop in and claim it all!

Thu, 11/03/2011 - 09:21 | 1840808 Cdad
Cdad's picture


Thu, 11/03/2011 - 09:42 | 1840950 LawsofPhysics
LawsofPhysics's picture

Yes, same as it ever was.  The game is rigged, don't like it?  DON'T play.

Thu, 11/03/2011 - 10:06 | 1841077 LongBallsShortBrains
LongBallsShortBrains's picture

I can't help but play.... I'm like that retarded kitten that won't leave it alone because it is MOVING. stupid kitty.

Thu, 11/03/2011 - 12:34 | 1841980 FeralSerf
FeralSerf's picture

As long as you're breathing, there's no way to not play.  You may not consciously play, but play you must.  That's a fact of life for livestock.

Thu, 11/03/2011 - 09:19 | 1840747 qussl3
qussl3's picture

The 2nd largest CB is no longer tightening, yield spread still in their favor.

Positioning still very short EUR.

EUR most likely rises.

I so want to be wrong tho, cos that would mean cheaper PMs.

Thu, 11/03/2011 - 09:23 | 1840819 Cdad
Cdad's picture

I think you will get cheaper PMs...those priced in dollars.  Just as think the WTI reaction is wrong, so too is the GLD knee jerk wrong.

Thu, 11/03/2011 - 09:29 | 1840865 qussl3
qussl3's picture

I think so too, putting my money where my mouth is.

EUR is floundering abit now, but i seriously doubt a collapse to the 1.20s or below that everyone is so convinced off.

It would take a French dwngrd or DMs making a reappearance to smack the EUR, not with Banana Ben and his rate pledge.

I'm buying all PM dips, but the volatility is going to be epic.

Fun times.

Thu, 11/03/2011 - 09:37 | 1840926 topcallingtroll
topcallingtroll's picture

It was reported on TV that gold is not backed by the Fed.

Everyone knows to run to the dollar when scared, cuz it is backed by the government.

Thu, 11/03/2011 - 09:17 | 1840756 Captain Benny
Captain Benny's picture

Yes, you're exactly right which is why I'm scratching my head as well.  The only thing I can think of is "low volume melt up" from HFTs

Thu, 11/03/2011 - 09:23 | 1840823 Cdad
Cdad's picture

Half life of a Mayfly, I would think.

Thu, 11/03/2011 - 09:17 | 1840765 Abitdodgie
Abitdodgie's picture

You would think so ,but this is THE NEW market, so all news is bullish

Thu, 11/03/2011 - 09:24 | 1840826 Cdad
Cdad's picture

...until it isn't.

Thu, 11/03/2011 - 09:33 | 1840892 DeadFred
DeadFred's picture

I agree. The SnP pushed up to the 50% retrace of the recnt drop and stalled. I'll never again be surprised by anything the markets do but I'm expecting they realize the error of their ways. Time now to take advantage of it.

Thu, 11/03/2011 - 10:00 | 1841031 IAmNotMark
IAmNotMark's picture

I think the reason is:  Insanity.  Total insanity.  The market is in a straight-jacket, crouched in the corner, babbling and giggling, mindless and souless eyes watching the events of the world.

But I could be wrong.

Thu, 11/03/2011 - 09:13 | 1840725 Captain Benny
Captain Benny's picture

The S&P500 melt up resumes for absolutely no good news.  

Thu, 11/03/2011 - 09:30 | 1840872 azzhatter
azzhatter's picture

How about that 397,000 jobs print??   Green shoots

Thu, 11/03/2011 - 09:32 | 1840885 jay28elle
jay28elle's picture

...phewy, don't need no stinking good news for a good melt up.  No reason to start now.

Thu, 11/03/2011 - 09:14 | 1840732 qussl3
qussl3's picture

DMs coming back would really spice up this party.

Thu, 11/03/2011 - 09:16 | 1840736 Saxxon
Saxxon's picture

Stink bid in for more SPXU at premarket low.  My SPXU limit sell filled last night 7:59 EST, like a gift from Santa and the Tooth Fairy . . . luckiest trade all year.

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