iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,426 Blog Posts

Are You Hungary For Risk?

Hungarian CDS and sovereign bond yields are maniacal to the upside. No one trusts the shit coming out of Italy and Spain, do you really think they will trust those filthy bastards from the East? All of the Balkans are in danger of getting flushed. If that happens, European banks will take another hit, especially Swedish banks, who have especially high exposure to the animals from that part of the world.

If you think about it, this is a desirable outcome. After all, Darwinism is the best form of filter for mankind. Let the weak and the impaired suffer and die. It is the will of the Gods, it shall be done.

Moving on, they are remaking the 80’s hit movie Red Dawn. Do you remember that shit? This time, instead of bastards from Nicaragua and Russia invading Kansas, it will be the Chinese. Actually, it was supposed to be the Chinese invading the US–but they digitally changed it to North Koreans because Chinese money is flooding into the pockets of degenerates in Hollywood. Can you believe that? We can no longer make movies that insult the feelings of the gayish Chinese because they are financing everything. Fuck a giraffe running sideways inside of an ice cream truck.

Finally, unemployment numbers are getting better. It’s an election year, so expect a full court press by the red Obama party to give the illusion of prosperity. They will take pictures of people driving wooden Rolls Royce prop cars, then say “see, everyone is rich as fuck again. Vote O.”

In summary, Hungary is in need of emergency IMF funding and Italy has a mammoth bond auction at the end of the month. Trade accordingly.

[YOUTUBE:http://www.youtube.com/watch?v=J2LG-ASco6o 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

38 comments

  1. Ben & Jerry

    Great idea for the giraffe flavor, although it will be difficult to fit the name on a pint container.

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  2. Mr. Partridge

    Euro hitting 6 month low and about to break 1.28 on that goulash news + unicredit… Déjà vu

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  3. MB

    Do you have an algorithm that generates that shit? Hilarious.

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  4. go2juupiter

    turn off your brain

    if we were going to crash we would of done so already

    someone will buy the Italian bonds

    the bull will end around may (my 2012 prediction)

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  5. The_Real_Hmmm

    Ben Bernanke is hungary for FUCKINGCHICKEN.jpg

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  6. tdstrike

    Red Dawn was also funded by the taxpayer’s of Michigan via their 50% film incentive program they had going at the time.

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  7. THEY'LL KNOW ME BY THE TRAIL OF BLOOD
    THEY'LL KNOW ME BY THE TRAIL OF BLOOD

    FTK

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  8. TraderCaddy

    “We can no longer make movies that insult the feelings of the gayish Chinese because they are financing everything.”
    Plus they are changing some of the names familiar in Hollywood in order to accommodate the Chinese:
    Corrumbia Pictures,
    Dwweamorks,
    Metlo Groden Meyel (MGM),
    Tom Cluise,
    Crint Eastwood,
    Jack Nichorson,

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  9. Juice

    Holy shit – Hungarian yields blowing out to the upside! what’s next – Romanian bonds btfu?! Get in the FAZmobile! 😉

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    • Po Pimp

      When Whogivesafuckistan has trouble rolling over a muni bond we’re completely fucked.

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  10. Yabollox

    Magyars rule!

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  11. jimmy_two_times

    totally agree, US data points will show marginal improvement given the election year, as for EZ, I think they wil paper it over some how for now until US election is done.

    it would be a disaster for the FED and 0bama to have to step in now to “save the world”, they’ll do it after the election.

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    • JakeGint

      Not if it means saving our markets. Ask McCain about what a bad market does to the party in power’s election chances.

      _______

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  12. bhupi

    I remember when this was a rich prosperous country where a person was almost guaranteed of getting ahead (at least white people). Now the Chinese have money in the bank and we are indebted to them, a communist country. Why did this happen?

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  13. xxxHuggieBearxxx

    FLY

    Are we going lower or higher…what say you?

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  14. ruggyup

    The only price stability seems to be in Bulgarian blow jobs.

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  15. BigSpooky

    Fucking Red Dawn. I watched that shit like 100 times as a kid, no wonder I’m a paranoid psycho.

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  16. Dr Funk

    I hate to say this. The tell is BAC. Up 2%. Shit floats.

    Excuse me while I go wrap myself in a turd. I mean shroud

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  17. Fly's Real Male Yoga Instructor
    Fly's Real Male Yoga Instructor

    Fly just placed an order to 50 pairs of UGG boots to match his LULU Yoga Pants – hence the $4.00 gain in DECK. Arrogance from Fly to follow…

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  18. JakeGint

    FYI, Both the Generallisimo and the Dollar are “stepping it up” a notch, today.

    _____________________

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  19. JakeGint

    They will take pictures of people driving wooden Rolls Royce prop cars, then say “see, everyone is rich as fuck again. Vote O.”

    Potemkin Bentleys!?

    _______

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  20. dean

    Wait a minute!
    You said: Darwinism is the best form of filter for mankind. Let the weak and the impaired suffer and die.

    Weren’t you in favor of bailing out US banks? They too were weak and impaired, and should have been forced to take their own losses.

    Where’s the love for bailouts in Euroland?

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  21. unclehar

    Swiss banks exposed to eastern europe

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  22. Heaterman

    Incorrect = Obama

    Correct = 0bama

    (0 as in ZERO)

    Vote 0 not O

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  23. Mr. Partridge

    BAC awesomness .. full commando killing bears …
    Europe is so 2011… 🙂

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  24. Mr. Partridge

    FTK wow, just wow

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  25. Yabollox

    BAC looking a little squeezy!

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  26. Xenomorph

    Mammoth Bonds?? Sounds like something out of Jurassic Park!

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