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Tremonti Unexpectedly Cancels Public Appearance, Returns To Rome

Tyler Durden's picture





 

Just a headline from Bloomberg for now:

  • ITALY'S TREMONTI CANCELS SPEAKING APPEARANCE IN PIACENZA
  • TREMONTI CANCELS APPEARANCE TO RETURN TO ROME TO GO TO SENATE

Will Tremonti finally resign and tell his idiot of a boss to shove it? Or will he declare the truth about Italy's toxic death spiral. Either way, the market can not wait to find out. More as we see it.

 


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Mon, 09/05/2011 - 10:57 | Link to Comment CrashisOptimistic
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One of his mistresses is pregnant.

No big deal.

Mon, 09/05/2011 - 11:36 | Link to Comment BaBaBouy
BaBaBouy's picture

Bitchez... Don't forget Japan ... $10 Trillion DEBT.

 

None of this phoney fiats Paper Can ever be repaid.

Run to Real Assets, Commods, GOLD !!!

Mon, 09/05/2011 - 10:59 | Link to Comment vast-dom
vast-dom's picture

<-----BLACK TUESDAY

<-----BERNANK HAIL MARY RESCUE

 

 

At the accelerated rate of this eurozone unwind i can't see QE3 to the Nth helping hold it all together.

Mon, 09/05/2011 - 11:00 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Being down 2.5% is not "Black".  Just part of the relentless inevitable.

 

Mon, 09/05/2011 - 11:05 | Link to Comment Crisismode
Crisismode's picture

DAX currently down 5.15%

Mon, 09/05/2011 - 11:36 | Link to Comment redpill
redpill's picture

Watching Europe these days is like watching the videos of stumbling mad cow-infected cattle. Staggering and rolling uncontrollably.

The US is meanwhile akin to the detective at the end of Silence of the Lambs, highly drugged and seemingly lucid whilst being fed cooked bits of his own brain.

One big happy global family.

Mon, 09/05/2011 - 11:41 | Link to Comment Pizza spaghetti...
Pizza spaghetti and mandolino's picture

The US Debt Limit was increased from $14.294 trillion to $14.694 trillion effective August 2, 2011.

Last Monday, it was $14.697.415.

What will it be tomorrow ?  

Mon, 09/05/2011 - 11:01 | Link to Comment Don Birnam
Don Birnam's picture

Interesting, how CNBC -- the "actionable financial news network" -- broke its holiday programming schedule of high-margin hair removal infomercials to "cover" today's algo carpet-bombing sortie of the European stock markets.

Mon, 09/05/2011 - 12:12 | Link to Comment Don Birnam
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Addendum: Alas, at 12:00 EST, CNBC broke off EuroCarnage coverage ( but they had to shoehorn one last, late interview with Roubini via Brussels ), and returned to their regular scheduled holiday fare:

Amusingly -- "How I Made My Millions."

Mon, 09/05/2011 - 11:21 | Link to Comment Flounder
Flounder's picture

The German Dax is now down 30 fcking percent since May 11.

 

http://finance.yahoo.com/q/bc?s=^GDAXI

 

Mon, 09/05/2011 - 11:38 | Link to Comment Waffen
Waffen's picture

ZH "Look, you stupid Bastard. You've lost 30%"

DAX "No I haven't"

ZH "Look!"

DAX "It's just a flesh wound."

Mon, 09/05/2011 - 12:19 | Link to Comment english serf
english serf's picture

Sotrue,and nice tits!

Mon, 09/05/2011 - 11:01 | Link to Comment lizzy36
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Rumors of a downgrade. Moody's.

They put Italy on "downgrade review" in the middle of June.

Timing works.

Mon, 09/05/2011 - 11:06 | Link to Comment Dick Darlington
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Add to that the looooong overdue downgrade of the still governmentless Belgium. S&P put them on watch for downgrade in last december. And if i remember correctly, Moody's put also Spain on watch for downgrade during the summer.

Mon, 09/05/2011 - 11:43 | Link to Comment New_Meat
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bbbbbbut, Sudden Debt said it was "NO PROBLEMO!"

Mon, 09/05/2011 - 11:11 | Link to Comment Mountainview
Mountainview's picture

Look at the Italian CDS and you know why he felt homesick!

Mon, 09/05/2011 - 11:22 | Link to Comment Dick Darlington
Dick Darlington's picture

It's quite telling that the cds market never bought the ecb's cash bond manipulation. Just one more reminder of the cold hard fact that the emperor doesn't have clothes.

Mon, 09/05/2011 - 11:42 | Link to Comment luigi
luigi's picture

BTW aren't some BTP bids due in this period?

Mon, 09/05/2011 - 11:03 | Link to Comment spongeBOB
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What did just cause the spike in EUR/USD, AUD/USD, AUD/JPY ? Intervention?

Mon, 09/05/2011 - 11:07 | Link to Comment Clint Liquor
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Intervention? Of course not! That would be currency manipulation and only China does that.

Mon, 09/05/2011 - 11:04 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Is Italy even a real country?

Mon, 09/05/2011 - 11:07 | Link to Comment Gandalf6900
Gandalf6900's picture

I strongly resent that, and might ask the same about the USA

Mon, 09/05/2011 - 11:08 | Link to Comment cowdiddly
cowdiddly's picture

Yes it looks like a Boot. a German Jack Boot.

Mon, 09/05/2011 - 11:12 | Link to Comment FunkyMonkeyBoy
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Whereas the USA acts like a German Jackboot around the world.

Mon, 09/05/2011 - 13:34 | Link to Comment snowball777
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A no European countries would ever stoop so low as to attempt world empire?

You twinkies are like a washed-up elderly man complaining about the lotharios that can still get some action. Pathetic, bitter, and one foot in the grave.

Mon, 09/05/2011 - 19:59 | Link to Comment Bringin It
Bringin It's picture

Snowball, that's a retarded comment.  Jackboots, stomping people around the world under jackboots = bad.  Bad for the people getting stepped on.  Bad for the majority of Americans who've had their Republic hijacked.

Can you understand that or do you still feel the need to get some?

Mon, 09/05/2011 - 11:15 | Link to Comment Instant Wealth
Instant Wealth's picture

Negative - it´s a way of life.

Mon, 09/05/2011 - 12:26 | Link to Comment Ghordius
Ghordius's picture

Like Germany, It's a 150 year old political experiment.

Compare to the age of the USA or the EU experiments.

Mon, 09/05/2011 - 11:04 | Link to Comment ISEEIT
ISEEIT's picture

Somebody just went full retard. Risk got pumped. About to get dumped.

Mon, 09/05/2011 - 11:09 | Link to Comment DefiantSurf
DefiantSurf's picture

and........POOF!...it's gone

Mon, 09/05/2011 - 11:07 | Link to Comment MiningJunkie
MiningJunkie's picture

"La Dolce Vita" e morte...MORTE !!!

Mon, 09/05/2011 - 11:11 | Link to Comment gwar5
gwar5's picture

La Dolce morte.  Amore morte, like a big pizza pie.

 

 

 

Mon, 09/05/2011 - 11:08 | Link to Comment thunderchief
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The best thing we could do for this world is to shut down Wall Wtreet for a year. 

Then we could all wake up one day and see what is reality and what is BS...

I guess we should all be thankful for LaborLess Day though...

Mon, 09/05/2011 - 11:20 | Link to Comment Threeggg
Threeggg's picture

But, what about all the paper pushers' jobs ?

Mon, 09/05/2011 - 13:36 | Link to Comment snowball777
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I guess they'll have to learn a useful skill.

Mon, 09/05/2011 - 12:34 | Link to Comment Landrew
Landrew's picture

So wrong, shut down Wall Street! That is what has been wrong with Wall Street! Wall Street has been shut out of real price discovery for years now. What we need is getting back to real unprotected price discovery! The vacuum in Wall Street will cause the largest crash in history. A 30% single day event would not be out of the question. The same can be said of protected housing prices. The lack of real pricing has delayed the REAL RECOVERY.

Mon, 09/05/2011 - 12:45 | Link to Comment falak pema
falak pema's picture

So wrong???

You think 'you the people' can take back WS from the Oligarchs???

Dream On....Its their garden of evil, not of Allah or any other deity that transcends us!

Yes, it has to be regulated to the nth degree. Or it'll regulate us, the people,  to the nth degree...

Mon, 09/05/2011 - 11:09 | Link to Comment Oh regional Indian
Oh regional Indian's picture

I think the Vatican is going to be sweating a little. But it's not those cheating, thieving Italians its' worried about. It's the other Catholic bastion, Espania that is gasping. All this Italian drama is cover.

What makes a CB strong? Gold holdings. What are Italy's gold holding's? Exactly.

And what did Spain to it's gold? Exactly. England under Brown does not count. They have more physssss on that little island than the rest of the world combined.

It's Spain. And trimonte, too funny. Like Three Card Monte.

Any Spaniards with some info? Some dirt? Some Santandar love? Who after all do you think forced Brazil's hand last week? Exactly! ;-)

V

http://aadivaahan.wordpress.com/2011/03/09/axis-of-evil-doing/

Mon, 09/05/2011 - 11:22 | Link to Comment Gandalf6900
Gandalf6900's picture

italy has over 2000 tons of gold...or does it?

Mon, 09/05/2011 - 11:31 | Link to Comment Oh regional Indian
Oh regional Indian's picture

What do you think, Italian Wizard? Does it?

V

Mon, 09/05/2011 - 11:39 | Link to Comment luigi
luigi's picture

Could well be unless they underwent some thungsten-cure in Fort-Knox, where we have a wealthy stock of our gold stockpiled... An offer we couldn't refuse, you know...

Mon, 09/05/2011 - 11:47 | Link to Comment Pizza spaghetti...
Pizza spaghetti and mandolino's picture

Part of the Ialian gold is in the UK but most of it is in Fort-Knox. So, it's for sure well taken care of !!!!! 

Mon, 09/05/2011 - 12:06 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Indeed Pizza! I just read today that India's famous 200 tonne purchase might be perfect Gold/Tungsten bricks also.

Trust, it's what's for breakfast!
V

Mon, 09/05/2011 - 11:20 | Link to Comment gwar5
gwar5's picture

Italy is going down the tubes, but they'll do it the Milan way, with style. Looking good is always better than feeling good. Shoes are key, look great, but not made for running away from trouble. 

 

 

 

Mon, 09/05/2011 - 13:38 | Link to Comment snowball777
snowball777's picture

A well-dressed corpse.

Mon, 09/05/2011 - 11:21 | Link to Comment max2205
max2205's picture

That was good for a 1% bounce... Till the why comes out

Mon, 09/05/2011 - 11:29 | Link to Comment Instant Wealth
Instant Wealth's picture

morning sep 23rd - German Bundestag vote for EFSF

afternoon sep 23rd - The Pope visits/speaks to the Bundestag

 

Cmon Italy ... breathe ! ... just a few more days !

Mon, 09/05/2011 - 11:33 | Link to Comment Irish66
Irish66's picture

German Development comments...oh my

Mon, 09/05/2011 - 11:36 | Link to Comment HyperLazy
HyperLazy's picture

TREMONTI is heading for da bunker via da choppa.

Mon, 09/05/2011 - 11:36 | Link to Comment tocointhephrase
tocointhephrase's picture

Gold and Silver 'Thats Amore'

Mon, 09/05/2011 - 12:19 | Link to Comment Ghordius
Ghordius's picture

"Will Tremonti finally resign and tell his idiot of a boss to shove it?"

Tyler, my "darling" Berlusconi offers so much to complain about on so many topics, he has countless failings, an ego the size of the moon, testosterone implants that give him the sexual urges of a teenager, a mouth the size of both his feet (for obvious reasons), etc. etc.

Still, IMHO "Idiot" does not belong to his most accurate descriptions. Idiots are something completely different.

Mon, 09/05/2011 - 13:41 | Link to Comment snowball777
snowball777's picture

How about 'revolting piece of human feces'?

Mon, 09/05/2011 - 13:50 | Link to Comment falak pema
falak pema's picture

debt forgiveness, money printing, inflation, job and growth stagnation, then hair cuts and assets meltdown. We are in a biflation spiral. Inflation of money supply and devaluation in commodity terms. Deflation of economy and risk assets. How long and what final outcome....its a hitchkockian scenario. I hope we aren't in Psycho.

Mon, 09/05/2011 - 14:31 | Link to Comment anonnn
anonnn's picture

...I hope we aren't in Psycho.

Altho recognizing the apparency of it may suggest remedies.

For example, if there is a contagion factor,  isolation of sources would be effective. The ensuing relief  may enable a general recovery .

Of course, the privileged would be exempt from any such handling...so how to handle the priviliged who make and dispense our "remedies/laws"?

Tue, 09/06/2011 - 01:12 | Link to Comment Peter K
Peter K's picture

My take on the Italian Affair is that it's Tremonti whose the idiot. But I could be wrong. Both could be idiots.

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