Greek tragedy!

[wattie]

Alls well they tell you...... 

European stocks down  5 weeks in a row...worst in 13 months!

http://www.zerohedge.com/news/2013-06-21/european-stocks-plunge-worst-week-13-months

Not even a mention of ongoing Greek, Cypriot  or banking problems....

Us treasury's worst since 2008!

http://www.zerohedge.com/news/2013-06-21/10y-treauries-hit-250-highest-debt-ceiling-crisis

fact, on the mere hint that the Fed may reduce (not even stop!) printing billions out of thin air, the worlds greatest reacted

http://www.zerohedge.com/news/2013-06-21/treasuries-worst-week-50-years-stocks-worst-week-2013

50 f******years!!!! Us is losing control of interest rates......!!!

Not only that, the worlds greatest, the fed, couldn't even make up a story!

http://www.zerohedge.com/news/2013-06-21/fed-misses-investigation-deadline-inadvertent-release-march-minutes

Oh and Japan, Down worst in 43 months!!,

With all this happening  AND THIS EXCLUDES THE EUROPEAN  FIASCO  AND THE FACT THAT CHINESE BANKS ARE GOING BUST it makes complete sense that Gold ( historically a safety net) is now down at 2010 levels (paper gold that is, physical I would suggest is a lot higher)

http://www.zerohedge.com/news/2013-06-21/guest-post-what-lies-ahead-gold

Incredible, unless you're incredibly stupid.

Cheers Wattie

[wattie]

Can beggars be choosers???????

http://www.zerohedge.com/news/2013-07-02/stocks-euro-slide-merkel-warning-greek-bailout-cash-may-be-delayed

Here we go again......

Cheers Wattie

[wattie]

[quote="wattie"]
What a joke, hope you're happy about your financial welfare being dictated by a Bald bloke in America.
Mr Bernanke and the Fed.

http://uk.finance.yahoo.com/news/instant-view-u-fed-keep-181145913.html;_ylt=AuMe9ewBC9Lgm011KkGhI9PSr7FG;_ylu=X3oDMTNyb25xNjV0BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDMWZlZTAxMTMtNWQ1NC0zZGUwLTllNDItOTYyNjVmOWEyYjI2BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyA2RhNmFkYmMwLWQ5MGItMTFlMi1hZGFlLTM4ZGMzYjFmYmZkMg--;_ylg=X3oDMTFkajQyMG9pBGludGwDZ2IEbGFuZwNlbi1nYgRwc3RhaWQDBHBzdGNhdANob21lBHB0A3BtaA--;_ylv=3

Never mind fundamentals, your pensions/ investments are being determined by whether money continues to be printed out of thin air ( bad outcome to follow) or stops being printed out of thin air (bad outcome to follow).

Given the complete incompetence of Americans in most aspects (feel free to object)  This does not bode well for us all.

Cheers Wattie

Ps continued money printing confirms how disastrous things are, solves nothing as proved by the last 4 years.......so how bad will it be when they try to stop it??????????
[/quote]

The Farce continues....America,

http://www.zerohedge.com/news/2013-07-17/bernankes-full-prepared-remarks-asset-purchases-not-preset-course

Ben will continue to rain money down, no fundamentals, no jobs ( he knows the figs are fudged), no growth, no housing recovery,

http://www.zerohedge.com/news/2013-07-17/farewell-housing-recovery-housing-starts-miss-most-january-2007-permits-have-biggest

bond rates escalating..........

He's losing control. Nothing has been solved, just papered over with FIAT......now try stopping it.

Cheers Wattie

[wattie]

Non performing loans are on the increase throughout Europe.

european banks are running out of quality assets to secure loans......empty fag packets and coke bottles all used up.

Never mind, the ECB will just relax the qualifying criteria DOWNWARDS once again.

http://www.zerohedge.com/news/2013-07-18/ecb-eases-collateral-rules-requirements-bid-unclog-european-lending

Problem, no problem......the banks are fine.

Cheers Wattie

[wattie]

More sign of the Eurozone improving

http://www.zerohedge.com/news/2013-07-22/euro-area-government-debt-rises-new-record-high

Cheers Wattie

[wattie]

Kels been shopping again

http://www.zerohedge.com/news/2013-07-25/cyprus-deposits-plunge-fastest-rate-ever

Cheers Wattie

[wattie]

The extremely credible IMF (not) are concerned.

http://www.telegraph.co.uk/finance/economics/10202278/IMF-fears-Fed-tapering-could-reignite-euro-debt-crisis.html

But not until after the German elections of course.

I'll translate. There's f all fundamental economic growth even after all this money from thin air......so where will we be when it stops???

Ponzi schemes always get found out, bubbles always burst.

Cheers Wattie

[wattie]

[quote="wattie"]
Kels been shopping again

http://www.zerohedge.com/news/2013-07-25/cyprus-deposits-plunge-fastest-rate-ever

Cheers Wattie
[/quote]

With all the money disappearing from the cyprus banks that obviously leaves a problem.....

Problem solved. Just go back and steal more than you originally said you would steal.

http://www.zerohedge.com/news/2013-07-29/cyprus-375-depositor-haircut-upgraded-475-brazilian-wax

Will people put up with this total shafting

Cheers Wattie

[jpswift]

that is unbelievable

imagine being on the receiving end of that  !

i suppose they wont get too many riots as the victims are prob mainly old and not too militant

[wattie]

Wow....someone speaks the truth!!!
Great interview...pointing out all the flaws in whats going on.
Well worth a watch.

http://www.zerohedge.com/news/2013-07-30/myth-busting-lakshman-achuthan-us-worse-japan-90s

Cheers Wattie

[wattie]

No comment needed.

http://www.telegraph.co.uk/news/worldnews/europe/eu/10213504/Eurozone-faces-9.6bn-hole-in-Greek-finances-warns-IMF.html

Cheers wattie

[wattie]

Dreadful US jobs numbers......with 85billion per month.

http://www.zerohedge.com/news/2013-08-02/payrolls-miss-162k-vs-185k-expected-june-revised-lower-188k-unemployment-rate-74

Even mainstream media is picking up on the switch from full time to part time, dreadful quality of jobs and the fact that the participation rate (fewer people looking for workie they've given up!) accounts for a drop in the unemployed.

Interest rates are creeping steadily up.....this is bad, really ominous.

Bernanke will NEVER admit he's failing.....he can't cos it would all come crashing down.......but the fundamentals don't exist.....printing money helps banks....creates bubbles in asset prices.......not create jobs of quality.

Cheers Wattie

[wattie]

Good little read.

http://www.telegraph.co.uk/finance/economics/10219299/Challenge-of-turning-off-Americas-loose-money-tap.html

Cheers wattie

[wattie]

More political lies......

http://www.zerohedge.com/news/2013-08-11/internal-bundesbank-report-predicts-new-greek-bailout-early-2014-more-headaches-merk

Cheers Wattie

[wattie]

[quote="wattie"]
Dreadful US jobs numbers......with 85billion per month.

http://www.zerohedge.com/news/2013-08-02/payrolls-miss-162k-vs-185k-expected-june-revised-lower-188k-unemployment-rate-74

Even mainstream media is picking up on the switch from full time to part time, dreadful quality of jobs and the fact that the participation rate (fewer people looking for workie they've given up!) accounts for a drop in the unemployed.

Interest rates are creeping steadily up.....this is bad, really ominous.

Bernanke will NEVER admit he's failing.....he can't cos it would all come crashing down.......but the fundamentals don't exist.....printing money helps banks....creates bubbles in asset prices.......not create jobs of quality.

Cheers Wattie
[/quote]

Ohhhh dear!!
http://www.zerohedge.com/news/2013-08-15/10y-yield-jumps-new-2-year-high

Losing control.....
Cheers Wattie

Fake growth, no fundamentals.....so how do you stop printing money without bringing it all down???
http://www.zerohedge.com/news/2013-08-13/us-treasury-finally-admits-truth-its-all-pomo-and-no-one-dares-fight-fed