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all positive for the zeuro of course
When he was writing "+equity" under EFSF, I could have sworn he was writing "tequila" until the last letter.
I was nearly asleep. B.O.R.I.N.G.
Put some inflection in your voice man, that was painful.
too much doomsday brings great disappointment on this board, especially today!
ooops. error in reporting. US Fed is #1 creditor to Dexia as it was #1 borrower from Fed in '08 bail out orgy.
All toxic assets of banks will eventually end up on balance sheets of central banks.
In the end, the taxpayer will shoulder the burden and the bankers will continue to
collect their hefty bonuses for making bad investments. Parents don't let your
children grow up to be bankers.
Agree with everything you wrote except for the conclusion. Isn't the lesson here that bankers win in any event, isn't that what you would want for your children?
Finance MBAs for everyone!
Bankers are soulless parasites. That is not what I want my children to be, wealth or no.
"Parents don't let your children grow up to be bankers."
Are you kidding? I will encourage it as much as possible. Just wish I went that route. Getting paid bonuses depending on how much taxpayer money you can steal is a great career.
You will teach your kids to be immoral, soul-less parasites that feed upon the misery of others?
WAY TOO CATEGORICAL, I know plenty of bankers who do not fit into that simplistic paradigm, just none at the very top. Like every profession, some are souless, some not, they are not defined by their profession. Some do great things and do great works in the community. It may be the exception, but being a banker does not seal your fate one way or the other.
Wall Street does "expect" bonuses to be decreased GOING FORWARD according to this article
LET ME ASK YOU GUYS AGAIN:
DID I TELL YOU GUYS TO BUY THE F*ING DIP A FEW DAYS AGO???
FAS is going quite well.
Bubba, in order for FAS to go "quite well" it needs to pass $12 which is a huge resistance level! What I also saw today so far is SELLING in the XLF the FIN ETF! Beware of your FAS!
Definately, I close it out daily, and will close if loses more than 2% from this position.
It was a pretty obvious BTFD. ZH calls bear market and that marked the bottom.
Fuck you and your dip, soon-to-be bagholder!
So now you're here to try to convince people to buy here at the top...like the last five times. Harry, is that you?
Is this like Direxion?
I think he meant Dregsia.
And the EFSF makes losses on its asset (the equity it holds in Drexia) .......
So its bonds have, say, half their value .........
The ECB is left holding the baby unless taxes are raised to make up for the loss.
What if the ECB just says, under its new mandate, fuck it
"We'll just keep the bonds at par"
That means that investors have been paid off by the creation of money from thin air.
And not one thing has happened to the banking structure that created the mess.
Tyler Durden where is that anonymous hacker group.. NYSE is still around... and markets are going up... what else can one do to make this life interesting..
I know what we can do...
Tyler Durden for PRESIDENT 2012
OK I guess I'll explain it again, last week I posted links proving this 'take down the NYSE' was fake, and further the date for it was not today but 11 11 11 at 3:15.
Brad Pitt "playing" Tyler Durden would have a shot since most Americans are such idiots . . .
Just an FYI, but what has happened the past 5 times we reached these levels on rumors, hope, lunacy? Hold your balls for the drop, it's coming soon.
Hank "the Yank" Paulson showed the world how to bail out ones friends in finance...create urgency by claiming the sky is falling and that the world will end without bank bailouts and counter parties will be make whole. Goldman/AIG in his case; Dexia/US Fed in this case. August gold and currency market wash-out created exactly that ideal situation for Belgium to panic and bailout the bankers. The poor smelly fools in NY and SF holding up signs have no chance against this extortion. May as well hold up candles in the wind. Today is just the most recent. there will be many more.
It's all the opposite: because of Dexia, because Greece is weeks away from having no money to pay its bills, because no Europsean banks trust one another, and the EZ without massive intervention, per the IMF avisor as shown here on ZH, was only weeks away from a complete implosion.....what everyone seems to be missing is that Mekel and Sarkozy did in fact come up with an agreement. Whay would you do? Seriously, implode right now or kick the can? What does anyone really think their choice will/was going to be?
What just happened here is Europe just annouced their own version of QE. So we've got Britain doing QE, China now in the QE game, Japan has been there, and now all of Europe. This means the market is way ahead of all you: the U.S. will have to unleash one yet again soon: as somehow/someway U.S. debts need to get monetized.
In other words, what almost every commentor I've read is missing is this: we have entered a global hyper-inflation. period. The rest is all noise now.
I think we've been saying that for 2 years. maybe you are the one just catching on. Gold and silver. ring a bell?
Then answer this million dollar question Deadpool: why is everyone so surprised by equities ripping higher?
USD down -1.3%, just knee jerk, and hardly keeping even with currency raping...so big deal.
Where I whole-heartedly and respectfully disagree with you sheepdog is that Europe does have a plan; it' called the printing press. Let me ask you a serious question that illicits a serious response?
With Europe indeed weeks away from imploding, what do you think Merkel and Sarkozy would agree to? Death now? Or Death later?
What you're missing is as of right now every major developed country is entering into their own QE's if they're not already there.
Which is why stocks will rip Zimbabwe style for ahile.
'Printing press'? LOL totaly WORTHLESS! You actually believe in this money out of thin air baloney and are now all-in long on global Zimbabwe? Wow I feel sorry for you dude, youve swalowed the 'tard pill huh?
Jeesh...sheepdog, you're a bit emotional today? Didn't you read the part where i said "don't shoot the messanger." Yeah, that's it fulltard, I fully support the printing press. Chill dude, and actually read and intrepret what I'm saying here.
I"M NOT THE ONE TURNING ON THE PRINTING PRESS, I'm just telling you that's what you're missing. You missed it, clealry: Europe basically just announced they are gonna print ( and no I don't think that is cool!). Holy cow, dude, get off your fucking rocker and listen every now and then.
I dont care if you think its 'cool', it wont work, and has a halflife of about 1 day now. Anyone who actually believes this crap that Europe is about to print $6 trillion Euros out of thin air deserves what happens.
That was eloquent and deep. Of course printing money doesn't work, who ever said it did? It's just desperation that pushes default out is all. But history is full of this destiny that politicians choose time after time after time.
OK.....massive short on Friday just got burned. Happens hourly. "Everyone" is a generalization. I'm not surprised (bond market closed so stocks and currency get the action--stocks smaller market then bonds).
Stocks and currency can bounce. Nothing goes straight down (except whisky, which I like). If you think today's action is a trend extend your charts a year. See? not even a blip.
'We have just entered global hyper-inflation'....really? How do the global broke and jobless pay far higher prices for anything?
They don't, sheepdog. That is the simple anwer. I'm no condoning any of this shit--don't shoot the messanger. All I am saying is everyone seems to be missing the point. Europe just chose to print per Merkozy's agreeement. that is all.
You cant have hyper inflation when everyone is broke. Simple as that, that is all.
The people of Zimbabwe and those that lived through Weimar Germany would emphatically disagree with you.
Hey, B-roo! we get your point. Print to infinity amongst all central banks. No shit. Think Gold is at $1600 because it's a momentum play like NFLX? you just woke up so stop embarrassing yourself publicly with your enlightenment.
Europeans are just three years behind the curve, including on the inflation consequences of printing. They learn forcibly by trying, not by using the prevision capacities of the human mind.
There is no European consensus for printing 6 billions with the accompanying crack-up inflation, but there are many desperate oscillations.
Most everyone has now 'tarded themselves, Deadpool.
when will I ever learn? I guess the Simon Black messiah complex in me can't help myself from trying to shine the light, but some can be lead to water but that doesn't make them think, now does it...
'Equities ripping higher' yea while dolladolla bill rips lower....go ahead call it a trend and buy it all you like who cares?
says it all:
um no. just no. Merkel and Sarkozy announced that they agree that they should plan to come up with a plan to plan the planning of a QE plan planning. Just like when they announced the plan to plan the planning of a levered Efsf. They still have that same little pesky problem of rhetoric versus praxis, which is deeply confounded by the immense scale of the problem and the fact that at present, they don't have remotely the kind of authority or autonomy needed to train a 'bazooka' on the situation. It's a testament to the naivete of the average bull that you accept the oft-repeated statement "We are working to fix the problem now, we promise" as ironclad proof that the problem has been fixed.
ultimately I think you'll be right, but you're early. Still have to put in the lows, folks. S&P 950 at minimum, period.
the point of the EFSF is that other Central Banks or crazy investors outside of the ECB will be able to buy its bonds. otherwise, the ECB could just take an equity position in Dexia for the amount of the investor bailout & be done with it.
Am preparing for the GRAND FINALE, Beer, PopCorn, GirlFriend, Ammo,...you get it right?!? (Gold!):))
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