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The Really Useless Thread

  • #48,001
  • Jan 17, 2012 3:37pm Jan 17, 2012 3:37pm
Quoting Wulfgar
greek default comin tmmrw?? any takers?
http://www.bloomberg.com/news/2012-0...-ceo-says.html
  • #48,002
  • Edited 3:51pm Jan 17, 2012 3:38pm | Edited 3:51pm
Quoting AaronWard
Default is one of those strange words like QE that is used so often that it begins to lose meaning...
So lemme get this Str8...

The euro mounts a rally on the hopes that a plan for private investors bail out greeces bondholders and Greece gets away with a 68% haircut( meaning Portugal, Italy, Spain, etc will be burning their countries economies to ashes as fast as possible to secure the same deal)... All so that bondholders can get a 32 cent( 28%)return on bonds currently trading @ 25 cents??

Also how is this NOT a credit event? Why the hedge funds taking this sort of beating are not calling in their Greek CDS's is beyond me.... Did policy makers really game the system enough so nobody can say or prove that Greece already defaulted and this is just their bankruptcy play?

Wow

Other than the fact this deal will NEVER pass because it hails the accelerated breakdown of any and all hope of the EZ surviving.... How is this at all
Considered risk positive???? Lol!!
  • #48,003
  • Jan 17, 2012 3:41pm Jan 17, 2012 3:41pm
Quoting chazzle
http://www.bloomberg.com/news/2012-0...-ceo-says.html

bro u should watch bloomy tv girls have nice sexy legs
  • #48,004
  • Jan 17, 2012 3:49pm Jan 17, 2012 3:49pm
Would be nice to get some consistency in direction here...
  • #48,005
  • Jan 17, 2012 3:51pm Jan 17, 2012 3:51pm
Quoting kill56
bro u should watch bloomy tv girls have nice sexy legs
Betty Liu ?
  • #48,006
  • Jan 17, 2012 3:53pm Jan 17, 2012 3:53pm
Quoting Venice
Would be nice to get some consistency in direction here...

as always
  • #48,007
  • Jan 17, 2012 3:58pm Jan 17, 2012 3:58pm
Good points. My little brain still can't wrap around the following fact. OK, so far the bond holders will get screwed over this. That being said, the question is why would ANY bond investor EVER buy ANY government debt AGAIN. I think I'm missing something.

Quoting Wulfgar
So lemme get this Str8...

The euro mounts a rally on the hopes that a plan for private investors bail out greeces bondholders and Greece gets away with a 68% haircut( meaning Portugal, Italy, Spain, etc will be burning their countries economies to ashes as fast as possible to secure the same deal)... All so that bondholders can get a 32 cent( 28%)return on bonds currently trading @ 25 cents??

Also how is this NOT a credit event? Why the hedge funds taking this sort of beating are not calling in their Greek CDS's is beyond me.... Did policy...
  • #48,008
  • Jan 17, 2012 4:02pm Jan 17, 2012 4:02pm
Quoting Wulfgar
So lemme get this Str8...

The euro mounts a rally on the hopes that a plan for private investors bail out greeces bondholders and Greece gets away with a 68% haircut( meaning Portugal, Italy, Spain, etc will be burning their countries economies to ashes as fast as possible to secure the same deal)... All so that bondholders can get a 32 cent( 28%)return on bonds currently trading @ 25 cents??

Also how is this NOT a credit event? Why the hedge funds taking this sort of beating are not calling in their Greek CDS's is beyond me.... Did policy...
bc sometimes sell is actually buy and buy is actually sell
  • #48,009
  • Jan 17, 2012 4:07pm Jan 17, 2012 4:07pm
the day and 4h closed green,
those who can, do. those who cant, talk about those who can
  • #48,010
  • Jan 17, 2012 4:13pm Jan 17, 2012 4:13pm
Quoting attila
Good points. My little brain still can't wrap around the following fact. OK, so far the bond holders will get screwed over this. That being said, the question is why would ANY bond investor EVER buy ANY government debt AGAIN. I think I'm missing something.
the gov is buying its own debt?
  • #48,011
  • Jan 17, 2012 4:14pm Jan 17, 2012 4:14pm
yest/mid...2728..
Look Sharp/Trade Tight
  • #48,012
  • Jan 17, 2012 4:14pm Jan 17, 2012 4:14pm
Quoting gatorinla
the day and 4h closed green,
Right in the middle of supply though.
  • #48,013
  • Jan 17, 2012 4:17pm Jan 17, 2012 4:17pm
Quoting Venice
Right in the middle of supply though.
so is this market driving u nuts or u gettin some plays?
  • #48,014
  • Jan 17, 2012 4:17pm Jan 17, 2012 4:17pm
Quoting fxjawn
the gov is buying its own debt?
Wha' wait. Now you tripped my circuit breakers. That sounds to me like they are eating their own shit.
  • #48,015
  • Jan 17, 2012 4:20pm Jan 17, 2012 4:20pm
Quoting attila
Wha' wait. Now you tripped my circuit breakers. That sounds to me like they are eating their own shit.
lol... totally then trying to sell it as roses
  • #48,016
  • Jan 17, 2012 4:22pm Jan 17, 2012 4:22pm
Quoting fxjawn
lol... totally then trying to sell it as roses
Oh boy..

Now I'm convinced we are 100% completely fucked.
  • #48,017
  • Jan 17, 2012 4:27pm Jan 17, 2012 4:27pm
Quoting Wulfgar
Considered risk positive???? Lol!!
Certainly it is positively riskly. Dem be the times we live in.

I think they solved the CDS problem through regulation. I would call it a magic trick except that money is also a magical thing created by regulation.

When countries and bankers collide, it is the bankers that always lose. Sometimes the bankers may feel like they have won, or have banished risk from the universe, but sooner or later reality rears its ugly head.

My version of the golden rule:

Sooner or later the guy with the guns (ie the government) will end up with all the gold.
Kill the ego, or it will kill the mission.
  • #48,018
  • Jan 17, 2012 4:28pm Jan 17, 2012 4:28pm
Quoting gatorinla
the day and 4h closed green,
shooting 4 2830/32 with 2757 2782 2808 s/r
outside 2857 82 2908
those who can, do. those who cant, talk about those who can
  • #48,019
  • Jan 17, 2012 4:33pm Jan 17, 2012 4:33pm
Quoting Wulfgar
So lemme get this Str8...

The euro mounts a rally on the hopes that a plan for private investors bail out greeces bondholders and Greece gets away with a 68% haircut( meaning Portugal, Italy, Spain, etc will be burning their countries economies to ashes as fast as possible to secure the same deal)... All so that bondholders can get a 32 cent( 28%)return on bonds currently trading @ 25 cents??

Also how is this NOT a credit event? Why the hedge funds taking this sort of beating are not calling in their Greek CDS's is beyond me.... Did policy...
as long as it's giving me the pips, who gives a shit.
  • #48,020
  • Jan 17, 2012 4:35pm Jan 17, 2012 4:35pm
Quoting fxjawn
so is this market driving u nuts or u gettin some plays?
Driving me absolutely up the wall. To tell you the truth, I am thinking of taking a week long break from it... hate it.
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