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Update: 6.80%.... This Time Wasn't Different After All: Spain at 6.66%
Update: 6.80%. Epic disaster. We seriously need a summit or something.
After printing just under 6.20% on Monday, the Spanish 10 Year is back to satanic 6.66%. Time for another summit.
GSPG YoYo today:
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Spaitan
LOL, All is fine, then all the CB's ease and it's fucked again.
how can they not see this? ... they can of course so draw your own conclusions
New idea : perhaps Draghi could just send a PR saying that Germany has agreed to something, without details? By the time Germany reacts, markets will have gone crazy over the headlines!
What? It's been done before?
6.66% in the 10-year is the new killing it. Everybody wants to get in on this.
I feel like I am the ONLY ONE who can just smell the GLOBAL desperation.....everywhere.
We are all watching the SAME GAME....they know full well they are SOL......but we keep pretending......
I love the smell of desperation in the morning!
I am starting associate the smell with mornings and coffee. It makes me want donuts. It is just how I start my day.
Me too, except lately I have really been into croissants - is this a bad sign?
only a bad sign if you dont have butter and jam on it!
screw it, life is too short!
You should coem to Sweden. The housing bubble never popped here during 2006-today as in the US. But now more and more are starting to looked very scared..
sell, sell, sell. We have lost 43% since 06 and the slide is likely not over.
20th summit will definately be the charm. I wonder what new buzzword they going to come up with now that "breakthrough" is taken.
Capitulation.
it like wayching a nfl game with a diehard fan. Their team is down 28 in the 4th quarter, you know the game is basically over, but they keep thinking, there is at least a small chance..
Honestly ... I don't. I'm sick and tiired of being lied to. I fed up with paying for the mistakes of others
And ... AND ... Politicians had better stop this lawlessness before they are recognized for being the criminal enablers that they are.
What are you going to do about it, vote some more?
Bank runs, guillotines and armed revolution!
So everything gives back the gains except, wait for it, US stocks. In their own world of momentum and celebration of American consumer excess. The depravity just gets worse.
Dammit! I thought everything was fixed
Next time will be different.
Of course, all the prices are fixed.
Oh, you mean fixed as in REPAIRED. No.
That number seems to pop up a lot lately.
Three Faces of the Anti-Christ:
http://www.realjewnews.com/?p=734
Nothing will change until we have a "loser" in this game. Someone must go "broke". The longer this goes on, the worse it'll be down the road.
Exactly. If someone doesn't go broke, the system will sieze up eventually, and we'll all go broke together.
Idiots with the muddle through theories couldn't be more wrong. How does careening around a mountain road, hitting the accelerator every time you hit a bump, lead to any other conclusion than a massive crash?
That is old normal, pre swap thinking.
In the new normal, letting it collapse now will hurt exactly the same amount as later. Delay and pray does not make things better, or worse, it makes them the same -- because the credit default swaps that trigger smash everything in exactly the same way and at the same magnitude now as later.
So there's no reason not to prolong it.
Barclays is manipulating that rate too.
Guess Finland's getting a better hand by the hour.... more collateral for semi-vikings! \o/
Wish our ex-MP got balls like those Fins...
Bow before SATAN bitchez
summit, summit, summit.....Photo ops will save the world... or not
The really sad part about this rate having a 6 handle.....6% SHOULD BE THE ORIG. COUPON RATE....we should be double digit interest EASILY....6% is a JOKE. 6% should be 1 YEAR UST RATES.....and adjust accordingly UP the curve!
Risk vs. Return.......kinda like when gravity gives out.....(hate when that happens!)
bingo, Yep, the world is so smothered in debt, it cant even handle a 7% rate. RIGHT THERE tells you all you need to know. As you mention 6-7% historically speaking is not that high at all, yet now its spells doom.
Should I say it? Bullish!
The ECB should just resort to NIRP, maybe then we can revive the long dead patient... /sarc
http://capital3x.com/think-tank/falcon-and-gladiator-updates-3/
Italian bonds moving ever so lower. The gap at 98 is being targetting and hence EU is now targetting 1.2
Almost as scary as:
http://www.guardian.co.uk/world/2012/jul/04/the-return-of-marxism
A civilization's Big Reset is needed.
There's no way the huddled masses yearning to breathe free, at least in the Boiled Frogs nation, f.k.a. America, would realize such a need any time soon. There are many more small countries to pillage, many a bomb yet needs to be manufactured in the culture of death so the boiled frogs can profit from deaths.
Smiles are universaly human, aren't they?
http://www.nodeju.com/16318/new-super-bomb-against-iran.html
http://www.jillstanek.com/archives/2008/11/this_picture_ha.html
Is this US citizenism? paging ananonymous.
The problem with your big reset theory is that what is created on the backside could actually be more perverse and invasive... more punitive and unforgiving. Aside from the fact, inductively, that we'll be right back where we are now in 80 years or so... but probably with different perpetrator(s).
trimming the grass of civilization?
The biggest summit of all time will eventually be the charts for gold and silver.
6.66 the number of the beast.
Didn't the Rajoy declare victory less than a week ago? Oh and 160 German economists lead by Prof. Sinn just started a campaign against the proposed banking union.
6 6
6 6
666666
6 666 6
666 666
666666
666
\m/ \m/
(.)(.)
When the OEX gets to 666 lookout below.
Funny how things work sometimes. SPX dropped from 1576 to 666 during the 2008 crisis. There are no coincidences.
Some one check the wall plug, Is that sulfur I'm smelling?
LMAO...
http://www.youtube.com/watch?v=3K8GOMAFR60
Quick someone call Von Rumpboy, we've turned another corner
Sorry Gollum is not in at the moment he has been called away to attend a urgent summit, can I take a message for you?
A 20th summit, since the others were so successful.
Statism has no limits on failure like the 3 strike rule. You just keep going until the population can't even laugh anymore, then you know they are defeated.
two summits!
What a nightmare! Farage was right - they can't do anything! So, why keep the charade going?
Big intervention, Spain and Italy sov yields spike and the market demands MORE intervention!!!!!!!!!!!!!!!!1111
http://confoundedinterest.wordpress.com/2012/07/05/central-banks-gone-wild-yet-spainitaly-see-higher-sovereign-yields/
Credit to others: http://www.youtube.com/watch?v=dFffQ2SnxhM
Why does it matter? They will let you doomers get all up in a lather again about the end of days and then they will invent another trillion euros and call it a day. All markets around the globe will skyrocket and the rich will get even richer. When everyone prints together there will be no consequences. Mutually assured destruction if someone ever calls bullshit.
This post written on my glorious Iphone. I will now return to my viewing of Family Guy on Hulu while eating genetically modified junk food.
"Woe to you, Oh Earth and Sea, for the Devil sends the
beast with wrath, because he knows the time is short...
Let him who hath understanding reckon the number of the
beast for it is a human number, its number is Six hundred and
sixty six."
What a song!!