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I suppose it's not really a bad thing they're calling for an end to Bunga Bunga in Italy with some resigny business. Of course the opposition but I think that his own party may be getting fed up too.

Really? Well I wonder who is collapsing those bond spreads then. Someone earned a nice buck out of that rumour.

And the ECB SAVES THE DAY! About time.

I think we can safely say that the odds that Bunga Bunga Boy has permanently blown up the EMU are exceeding 50% now, and that's quite generous on my part. I don't see how this situation can possibly be sustained. And of course there has been not even a whisper of anything that could be done...

They've openly been discussing Eurobonds. As far as I know it remains unconstitutional for Germany and possibly other countries I don't know of. So I don't think Eurobonds are in the pipeline.

Boy, if only the market moved on who is scared and who isn't.

Good luck. I've been bullish for a while but I gave up today. Neutral now. This could swing either way. The market's not behaving acceptably for a bull market, in my opinion. Especially not in Europe, of course. Furthermore there are some problems now for which no solutions are remotely in...

Not that. This is not business as usual in the markets. I am well aware that Italy has some above-average shortcomings in its public sector. This was an accident waiting to happen, in hindsight, and just needed a trigger.

Real horrorshow this. It's starting to resemble the end for the Eurozone if nobody stands in front of the financial freight train rolling through the Italian bonds. I can't believe how relaxed the politicians are being about it, considering they are the only ones who are remotely able to...

Absolutely disgusting. How can a political party pull out of high impact talks on problems which, if they do not get resolved, are potentially very harmful for the country? Regardless of the "it will get resolved in the end" feeling everybody has, it is still an issue. Not because the debt...

You know, I'm still slightly bullish, but I think we can all agree that the reaction to the jobs report wasn't "muted" at all. A straight hard dump of about 1% in the futures b4 the open is not "muted". Look at some of the misses in the past ( for example during Q1) and compare what you think is...

Deficits aren't the problem, the problem is low growth. If more deficits leads to more growth then it's totally worth it. Other than that, your countrymen should be thankful you are not in charge because I reckon none of them would really enjoy living in a third world country.

You're so obnoxious I have to put you on ignore. To answer your point, the bad stuff was already known and the government intervention is really an unknown. It certainly can't be a negative going forward. To answer about the gvmt creating jobs etc: I think you are confusing monetary with...

No job creation, unemployment going up. Seems politically viable enough. The fear of 10%+ is good enough. Then again, the political class has become utterly and completely incompetent. I've been baffled over this debt ceiling bullshit lately as well. The debt ceiling has been raised dozens of...

I don't disagree and I really am not that interested in being bullish to the core. The reason I'm bullish is basically because macro surprises are trending upwards, economists have been overly optimistic and it seems like they may be becoming overly pessimistic (which is a good environment...

Get ready for the Fed and the Government to save the day. Not to mention the realisation that corporate profits don't correlate very well with jobs in the short run.

Would take a pretty large exogenous shock like a sudden increase to 11 billion people or so or 70% of all farmland becoming infertile suddenly. Don't know if that's really all that likely. But if you want to become a farmer...it's probably a good life. Not too many worries and just doing your...

Lakshman Achutan is saying it's a dead cat bounce! http://pragcap.com/achuthan-this-is-a-dead-cat-bounce At least he's sticking to his story, which is what I would expect most to do given the circumstances. He'd probably lose more credibility by changing his tune and possibly being wrong...

@ Tsing Tao: Right well you know what I think about shorting the Euro. @Shortie: I think it's the consensus that is priced into the market really. Analysts have been collectively upgrading their expectations during the day and the market has gradually risen in accordance with these...

Yeah well, once upon a time it was "normal" for the market to rally like this. At least nobody would be acting all surprised and shit as if something "special" just happened. So who is short this market?