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] Comments »