...and after all of those fancy acronoyms (ECB, EFSF, EU, ESM, ASS, BS, etc.), Italy is essentially just one big Greece. No, I'm not oversimplifying, just look at the bank bailout bailing out the insolvent country circular arguments!
One minute you have it, the next minute you don't. Nowadays you never know if the money you have in Europe is really yours or not. From instantaneous debt subordination to capital (flight) controls, things are starting to look ugly!
China Cut Their Rates for First Time Since '08 & we all know what happened in 2008, right? As the momentum drivenvtrades ramped markets I placed Armageddon put (way OTM, material time value) puts on throughout the morning - for literally pennies
The PIIGS will pop! I directly & explicitly compared the plights of Greece vs Spain 2 1/2 yrs ago before anyone even publicly admitted Greece would have to default, not to mention Spain!!!
Everyone's worried about EU soveriegn debt. Once all of that rapidly depreciated real estate collapses mortgages that have beenleveraged 30x, you'll really see the meaning of AUSTERITY! I'm trying to make it very clear to you people, you ain't seen nothing yet!!!
The Fed and the ECB have successfully concealed the fact that many of the big money center-like banks are truly zombified to the nth degree. What do you think happens when secondary shocks rumble through the system and banks are expected to show an prove?
We finally get to continue what we started in 2008. Becuase the TPTB insisted on kicking the can down the road, the resulting pain will be excruciatingly devastating versus simply horrible! Alas, once you get you short positions/puts/futures in before the inevitably ill-informed short ban, money can still be made.
Just in case there's somebody left who still believes so, Spain is not going to make it. In addition, Spain will crack the EU and bring the art of true fundamental analysis back into the fold. Here's mucho evidence!
The man that called nearly every big bank collapse of the decade says EU nations don't stand a frozen raindrop's chance in hell of bailing out banking systems literally multiples of domiciles' GDP. So now what???
As FB options start trading, one of those tell it like it is situations whereb- although I'm quite right - a flood of banker hate mail comes along anyway.
For anyone who can't see the "WHY" or "HOW" in a Muppet Manipulators suit, re: Facebook IPO, here's a step by step guide comparing my research to that of the top 4 underwriters showing exactly what they did wrong & how everyone is ignoring it
They call their clients muppets, they lose their clients massive amounts of money, they get preferential government treatment and get paid billions in bonuses at the same time they accept trillions in bailout aid. Exactly why not a class actiion FB suit again?
This utter disappointment and gutting of the muppets is exactly what our research has anticipated. From a strictly fundamental perspective, Facebook shouldn’t see its IPO price anywhere within the foreseeable future!
