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
23,433 Blog Posts

Morning Poppers (Spain is crashing edition)

Good morning Spaniards, get ready for insurrection.

The King of Spain held a television appearance in which he expressed his serious dismay with the dogs of Catalonia. It is illegal to claim independence and anyone who thinks the Kingdom of Spain will accept the secession of Catalonia will be vanquished from the face of the earth.

He called it, “an unacceptable disloyalty towards the powers of the state — a state that represents Catalan interests.”

It is believed Catalonia will tell the King to fuck off and declare independence within days.

This is profoundly bad news for the ECB and highly indebted EU states.

Spanish stocks are reeling lower, off by 2.4%.

Italy is just behind her, -1.47%.

German markets are flat. But more importantly, the 10yr yields on Spanish debt is rising, higher by 4bps — wider vs the German bund by a new recent high of 133bps.

Nasdaq futs are -10, gold +0.4%, dollar +0.25% v the euro, and nerves are on edge.

Got a date with the god damned auto mechanic today. In the meantime, here’s a snippet from the rewritten part of my book/long story (not sure how long it’ll go yet).

If you enjoy the content at iBankCoin, please follow us on Twitter

10 comments

  1. ferd

    Reads well. You are a driven individual.
    Nits: should be …like-minded ….ensconced in

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. trader glen

    In my unprofessional piker opinion, the Bolsas de Madrid are not alone for a major fall. All my Spanish inlaws are talking about how much their pension will be when they retire, which will be in the next 10-20 yrs. PP has spent the reserve pension fund that was intended for future generations. Are they in a world of surprise when they are told it will a pittance of what they think it will be, if it´s there at all.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. mrcharlie

    Pretty cool stuff man. Doesnt seem like you lost much in that desktop trash bin at all

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. tradercaddy

    The Fly is quoted and tagged in the Marketwatch News this AM.
    Although Fly didn’t say “hogwash”, more like “Damn right you fucking idiot.”
    At least quote him accurately.
    http://www.marketwatch.com/story/why-a-super-dove-could-end-up-leading-a-trumpian-fed-2017-10-04

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. sarcrilege

    So, Sidney was not a cuckold and Mike was not a fucking manlet salesfag both ensconced in entourage of older fagged brokers with no balls?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. fxtradepro

    Very descriptive, but a little wordy with the adjectives.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. tmmdn0

    hmmm…I think sarcrilege just earned the right to make the final edits.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  8. Dr. Fly

    Just a rough draft. I see lots of errors in it and things I’d change. The final product will be more polished.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  9. duuude

    Seems way too motherfucking pc

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. ferd

    “Reportedly” Tillerson called Trump a moron. Media will like this …interesting to watch if Trump can stand for it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"