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Tremonti Unexpectedly Cancels Public Appearance, Returns To Rome

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Mon, 09/05/2011 - 10:57 | 1634437 CrashisOptimistic
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One of his mistresses is pregnant.

No big deal.

Mon, 09/05/2011 - 11:36 | 1634558 BaBaBouy
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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 | 1634444 vast-dom
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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 | 1634451 CrashisOptimistic
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Being down 2.5% is not "Black".  Just part of the relentless inevitable.


Mon, 09/05/2011 - 11:05 | 1634478 Crisismode
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DAX currently down 5.15%

Mon, 09/05/2011 - 11:36 | 1634562 redpill
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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 | 1634582 Pizza spaghetti...
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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 | 1634446 Don Birnam
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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 | 1634695 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 | 1634454 Flounder
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The German Dax is now down 30 fcking percent since May 11.




Mon, 09/05/2011 - 11:38 | 1634568 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 | 1634724 english serf
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Sotrue,and nice tits!

Mon, 09/05/2011 - 11:01 | 1634456 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 | 1634484 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 | 1634591 New_Meat
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bbbbbbut, Sudden Debt said it was "NO PROBLEMO!"

Mon, 09/05/2011 - 11:11 | 1634502 Mountainview
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Look at the Italian CDS and you know why he felt homesick!

Mon, 09/05/2011 - 11:22 | 1634528 Dick Darlington
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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 | 1634587 luigi
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BTW aren't some BTP bids due in this period?

Mon, 09/05/2011 - 11:03 | 1634467 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 | 1634487 Clint Liquor
Clint Liquor's picture

Intervention? Of course not! That would be currency manipulation and only China does that.

Mon, 09/05/2011 - 11:04 | 1634468 Fish Gone Bad
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Is Italy even a real country?

Mon, 09/05/2011 - 11:07 | 1634483 Gandalf6900
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I strongly resent that, and might ask the same about the USA

Mon, 09/05/2011 - 11:08 | 1634491 cowdiddly
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Yes it looks like a Boot. a German Jack Boot.

Mon, 09/05/2011 - 11:12 | 1634503 FunkyMonkeyBoy
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Whereas the USA acts like a German Jackboot around the world.

Mon, 09/05/2011 - 13:34 | 1634968 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 | 1636339 Bringin It
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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 | 1634513 Instant Wealth
Instant Wealth's picture

Negative - it´s a way of life.

Mon, 09/05/2011 - 12:26 | 1634750 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 | 1634469 ISEEIT
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Somebody just went full retard. Risk got pumped. About to get dumped.

Mon, 09/05/2011 - 11:09 | 1634495 DefiantSurf
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and........POOF!...it's gone

Mon, 09/05/2011 - 11:07 | 1634486 MiningJunkie
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"La Dolce Vita" e morte...MORTE !!!

Mon, 09/05/2011 - 11:11 | 1634504 gwar5
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La Dolce morte.  Amore morte, like a big pizza pie.




Mon, 09/05/2011 - 11:08 | 1634493 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 | 1634523 Threeggg
Threeggg's picture

But, what about all the paper pushers' jobs ?

Mon, 09/05/2011 - 13:36 | 1634973 snowball777
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I guess they'll have to learn a useful skill.

Mon, 09/05/2011 - 12:34 | 1634776 Landrew
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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 | 1634805 falak pema
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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 | 1634496 Oh regional Indian
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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! ;-)



Mon, 09/05/2011 - 11:22 | 1634527 Gandalf6900
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italy has over 2000 tons of gold...or does it?

Mon, 09/05/2011 - 11:31 | 1634552 Oh regional Indian
Oh regional Indian's picture

What do you think, Italian Wizard? Does it?


Mon, 09/05/2011 - 11:39 | 1634574 luigi
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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 | 1634602 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 | 1634683 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!

Mon, 09/05/2011 - 11:20 | 1634520 gwar5
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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 | 1634980 snowball777
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A well-dressed corpse.

Mon, 09/05/2011 - 11:21 | 1634525 max2205
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That was good for a 1% bounce... Till the why comes out

Mon, 09/05/2011 - 11:29 | 1634547 Instant Wealth
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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 | 1634555 Irish66
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German Development comments...oh my

Mon, 09/05/2011 - 11:36 | 1634561 HyperLazy
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TREMONTI is heading for da bunker via da choppa.

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