These European leaders make Obama look competent. I cannot believe they are letting Greece snowball. Not only are Greek CDS blown out to idiotic proportions. But now we have Portuguese, Irish and Spanish CDS blowing out too. Don’t look now, but Italian CDS are about to blow past 200 bps.
Look, it’s very simple. There is no way to solve this crisis. The only choice for the ECB is to kick the can down the road and pray for a miracle. I realize kicking the can is something most people will poke fun at. But, this is real life and people always choose the path of least pain, like it or not. They are meeting this weekend and they better have a deal by Sunday, else this will be Lehman part 2, only worse.
These countries will fail, in turn fucking the banks to a degree that you bearshitters could only dream of doing. They all have sovereign exposure, in the 100’s of billions. A sovereign crisis will absolutely crush the stock market and ruin confidence, on a global scale. It might even spill over into South America, where debt loads are still very high.
So the choice is simple: paper over now and live to fight another day. Or, you will die.
If you enjoy the content at iBankCoin, please follow us on Twitter
Utah looking good if they fail to bail. I take back everything bad I ever said about Utah.
Those gyro goat fuckers should all go to hell…We should just let Germany take over the whole continent…
The V.King Too big to fail
Hit Pete over the head with a lemon
He’s the perfect example of the greek debt crisis. Shuold riot and turn over his gyro cart…
ROFL. He was always getting bailed out by Germany.
JES!
vking should consider suicide. best thing for you, really. your therapy is going nowhere.
Maybe you should tell the V.King where your cardboard box is so he can drop a 45lbs plate onto your throat…
FLy
It’s not that easy I reckon. How does the ECB begin printing money to get of this mess if the Germans and the rest of the northerners are saying don’t you dare?
This isn’t as easy as people at first think it is.
The solution is to get China to stick 100 billion in the kitty as they have the cashola. In fact the BRICS could easily paper all those shit up for the time being.
Rumors that China will provide liquidity are hitting the wires.
Oh really. Thanks haven’t seen it.
You forgot to add “again” as in “China will provide liquidity again”.
China has been playing before as it’s bought tiny tranches of PIIG debt,
Gyros are pretty sweet if made right.
“liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.” — Treasury Sec. Andrew Mellon 1930
Liquidate the rich. Income over $500K… WHOMP!! (The sound of the guillotine in city square).
So you want Le Fly dead?
Jacobins aren’t just a late 18th century thing. They are omnipresent throughout history.
As previously mentioned, envy can be a far more dangerous emotion than even anger.
____________
Time to do the hugh brother
Having a financial apocalypse every few years is so much more exciting than the trading we had in the 20th century. Looks like it’s all gonna have to collapse and stay down in order for anything to really change, at least politically. And by politically, I mean riots, marches, and burning effigies. Maybe throw in another war or two.
I’m all about shorting the market, but I’d rather not see the entire world meltdown. Oh well.
gotta love the terminology of “kicking the can” like it’s a fun game to fuck over our grandchildren
I do agree though, path of least resistance is always the most probable
Never expect politicians to make unpopular decisions.
Truly, we get the leaders we deserve.
The race to the bottom, who can goat fuck (no pun intended) their currency faster, The EU or the US? soverigns can’t fail, they only will print more moolah in my opinion…
Got SMH long @ 32.66 for a day trade,
Thinking is INTC downgraded and has been + since the open.
Signal it’s oversold.
ROFL @CNBS — they cut off my boy from the Lou for some “breaking news” which turns out to be a commercial for Boeing.
Unbelievable.
Anything for the bull nooze.
__________
PIGS default. Euro banks take huge loan losses. Who has the insurance and re-insurance on those loans? I think you can guess this one…….
Well posited.
The Euros are now kissing Chinese ass.
Crowded real estate, that.