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THE SHIT JUST HIT THE FAN (Reuters) - The European Central Bank often discusses the possibility ending the purchase of Italian government bonds if it concludes Italy is not adopting promised reforms, ECB Governing Council Member Yves Mersch said. "If we observe that our interventions are...

AND ON A LIGHTER NOTE A report by the UN nuclear watchdog next week will support allegations that Iran has built a nuclear weapons testing facility, Reuters reported on Saturday. In its report, Reuters cites sources stating that the International Atomic Energy Agency (IAEA) has obtained...

GOODBYE GREECE George Papandreou’s chances of putting together a strong coalition government that could persuade international lenders to unblock fresh funding for Greece have faded after the conservative leader bluntly rejected his proposal. Antonis Samaras said on Saturday his New...

class comment from the grandpa:D

oh shock horror http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html

for all you stock lovers Volatility may haunt global stock markets for another few years, but inevitably, equities are primed for a massive bull run, if historical performance is used as a guide, says Matthew Kidman, author of Bulls, Bears & A Croupier. Both the U.S. and Australian stock...

THANK GOD ZERO HEDGE IS KEEPING US POSTED WITH WHAT IS REALLY HAPPENING. CNBC AS PER USUSAL ALONG WITH THE MAINSTREAM PRESS WAS ONLY TO HAPPY TO HAVE THE EXECUTIVES TELLING EVERYONE HOW GREAT IT ALL IS AT MF LAST WEEK. Even as we hear rumblings that the MF fire is spreading, and the...

Greece will soon hold a referendum that could determine the fate of the European common currency. Last week, it looked as though the euro had been saved. Now, in the wake of Greek Prime Minister Papandreou's announcement of a national referendum on the bailout package for his country, the...

another can kick - arabian style

The Eurozone crisis lingers on. This column argues that the Eurozone payments system has been operating as a hidden bailout whereby the Bundesbank has been lending money to the crisis-stricken Eurozone members via the Target system on the order of €300 billion. Urgent corrective action is...

try getting a decent news source. whats this shit?

stop posting this cnbc bullshit. zero hedge is the man. fucking liesman - senior economics reporter my arse. he never traded in his life and your posting this bollocks all the time. wake up - the euro is finished.

looks like zero hedge is right after all

one thing i would like to say is zero hedge has been banging on about mf for weeks now and most of the main stream press has had its head up its arse. zero hedge gets slated a lot and i admit you have to dismiss some of the crap but this guy is nailing stories and you can make money out of it.

class - absolute class http://www.zerohedge.com/news/dick-bove-goes-post-lehman-twofer-mf-global-fine

http://www.dailymail.co.uk/news/article-2055497/JEREMY-PAXMAN-Baby-Boomers-selfish-generation-history.html?printingPage=true

hahahahahaahhahahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahhahahahahahahaha if this had happened on the downside the fed would have shut the markets and launched an investigation. i really hope this rally continues because the pain to come is gonna be huge

yawn and more yawn where is the fucking money. the efsf has had no money it. there is no plan to put any money in it. where is the money coming from? euro country puts in money to efsf to bail out itself. that does not make sense. also leverage times zero = zero. this is...

well the pathetic stocks purchases will continue with eurusd in the belief they will still sort it out. such is the madness of the last few weeks.

THIS BUNCH COULD NOT ORGANISE AN ORGY IN A WHOREHOUSE. WHAT A PATHETIC JOKE FROM REUTERS: Euro zone leaders will not issue a statement after a summit on Sunday to discuss the debt crisis, several EU sources said on Sunday, a decision that is likely to further undermine financial market...