- advertisements -
+38 +29 ...? No wait, confused.
Just ban it!
If sources are correct the ECB already intervened at 5:50am this morning in the italian 10 year bonds. But they are afraid to announce it because they had so little effect. It weared off in 20 minutes. If this is true then the Vigilantes will eat the ESFS alive.
ESFS => this winter's "Big Short."
ESFS => downhill skiing from here.
EFSF is about as alive as MF Global.
Aahhh. The return of the bond vigilante. Long time no see. You planning to stick around this time or is this just another quickie?
You mean EFSF ...Eurozone Financial Suicide Fund
Eaten alive by vigilantes? ...it's going to jump out of the 18th floor at Brussels HQ all by itself
Let's make sure no financial information gets out about nobody. That will fix it.
Germany strapped itself to a financial bomb. Greece has signed itself to 7 years of economic depression, thereby brutalizing its citizens. And they can't exit. For if they do, it would set off the EFSF bomb.
Greece cannot adjust its Euro cost by 30% in that time frame, without economic depression, to be competitive.
QED. If Greece exits -> Germany-Greece armed conflicts?
1912. all over again. WE know what the the theatre of war will be
DormRoom, I'm getting war fatigue here.
Explain again, how would Greece invade Germany in your "please have Germany in another war fantasy?"
Or do you really mean Germany would be in any way irate for Greece leaving the EZ?
Do you have any clue abot the two countries except from your comics?
you've misinterpreted my comments.
If Greece exits, it would set off the EFSF bomb, and Germany would face huge loses, after backstopping Europe. So Germany cannot allow Greece to exit.
Therefore, if Greece exits (alleviate the economic depression on its citizen), it would antagonize Germany, possible leading to armed conflict.
This is assuming the bailout passes the legislature.
Apparently ECB did. This is a repeat of August,
Japanese intervention followed by ECB intervention in Spanish / Italian Bonds.
October - Japanese intervention followed by ECB in Italian bonds. So far everything is as per plan.. or is it?
on another note why bother driving the CDS higher, when ISDA has made it irrelevant? food for thought
GOLD Bitchezzz!!! Is going down.
Yes Gold's down '1.5% today ...but not as fast as bankers (BNP down -15% today, Soc-Gen down -9%, Deutsche down -8%) or Central Bankers and their Fiat money
it's relative mate ...relative to fraud and insolvency
Indicating that it is time to buy.
Of course, I prefer to buy silver, which is still a spectacular bargain.
Can we leverage up the EFSF 2 trillion times? If so, then we've got plenty of euros to take care of all of this...
Belgium is starting to look very shaky indeed ,but it might be ok as there is not a government to screw things up further.
double plus good
Instead of banning them, the authorities are trying to kill the market by making them not an effective hedge. After what they are attempting to make the banks shove down their throats in Greece, anybody who has European credit risk hedged with CDS should be selling the bonds right now!
They are as we type...
Zombie bond market- Bitchez!!
EGAN OCT. 18th
Could be CDS buying to hedge new risk acquisitions in EZ. But I somehow doubt it.
I thought all soveriegn CDS were disarmed last week. What's goin on?
it's a political 'solution'
which of course means from hereon everything's going completely fuking pear-shaped
The time to buy stocks is when credit spreads are blowing out and the news flow is at its worst.
Especially when the tape seems to buck off the worst of the worst news time and time again.
Best time to buy, is when ROBO capitulates!
You are the true contrarian.
Vaya con Dios amigo.
John Corzine to lead the EFSF - Tragic Irony or Poetic Justice?
I'll take a little of both please.
Well, if swaps are neutered and you can't hedge default risk in a bond, then you either don't buy the bond, sell what you have, or if you think your clients are complete morons, you buy the bonds only if you can get 15% on 5 year paper.
The countering wind is the fact that a lot of money is made buying and selling swaps, from a commission perspective. Every one of those salesmen will be screaming into their telephones that the instrument still has value.
They'll lose that battle.
Ban bank shorts
Ban greek bonds
Ban everything.... Ban free capitalist market, because we go now for a NEW MODERN COMUNISM...CALLED....CHINA !!! so we continue... Ban internet, Ban communication, Ban occupy wall street, Ban Tiannanmen... oh my goc, what a nice futur !!!!
The ECB needs to get to work and start buying up those worthless Italian bonds.
Otherwise, 7% here we come, and then Italy goes with hat in hand for a bailout.
Draghi is Italian, no. Will he turn the printing press on for his homeland.
I wonder if Italian's are buying USD, CHF, JPY, or perhaps GOLD and SILVER.
I think they have voting mechanism in ECB - no? Draghi cannot drag ECB anywhere without German's permission.
Surely if the EU introduced a regulation to stop time everything would be just dandy.
Gold going down? Bahaha. I've got to get more tomorrow. The PRINTING is not far off now boys!
Seems like to news flow is coming a little faster now - TSHF?
centillion euro bailout coming
Whoa, you guys a swarming a bit. This is an orderly selloff and understandable given the runup.
Some of us shorts who have been smoking seeds & stems all month are getting a taste of bud today and getting all kinds of high . . .
I covered this a.m. premarket. Yes, a tad early but we are only back to Thursday in the SPY and I reckon if it can hold 127 the day is a success for the bulls.
yepper...got my 2013 TBT calls. It's a small dollar amount but could definitely pay off big if things get Greek-ified.
Robo does appear to have the recipe for happiness down pretty well http://www.youtube.com/watch?v=TgOn7wuC3tk
Insurance - a mechanism whereby the majority of participants pay for something they will not use so that those few who need it will have use of that something.
Pooling of risk is poorly understood.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.