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Kyle Bass - Germany in trouble too. 81% debt/gdp ratio and they still have to recapitalize their banks. No chance they're going to take on debts of southern Europe. Eurobonds aren't happening. Either the ECB let's the euro go or the contagion continues...

As I understand it, Paulson allows his investors to have their funds essentially denominated in gold. His sale of GLD has nothing to do with where he thinks the price is going and likely everything to do with big redemptions - less funds, means less gold needed to be held. As for the BAC...

Just an observation that the trade these past months has been to buy EUR just when things are getting really ugly - as some new leak about some new solution is sure to jar the currency higher. And things were looking really ugly 3 hours ago. Then you can re-short after the "summit" enshrines...

Great note from DB (via ZH): "EUR is probably the worst instrument to express Euro area negative views with both periphery bonds and equities purer gauges of stress." Word to that. Reminds me so much of 2008 when I was trying to eke out a few pips short GBP, finding out later the big...

If you've got the stones, today at some point is the time to be buying euros. Not me ... quite frankly, I have little idea why the currency isn't undergoing a complete collapse, given the continent is experiencing what is essentially a run on its banks.

Rosie owning Krugman and Summers ... http://www.bnn.ca/Special-Coverage/The-Munk-Debates.aspx

Krasting is excellent. He just did a great piece on GE and the way state infrastructure projects get financed. Very illuminating.

Great writers (I'm just talking Tyler Durden and it can't be more than 2 or 3 guys, the style is just too similar). And yes, their twitter stream is like a free Bloomberg terminal. It also happens to be terribly entertaining. It is what it is. I seriously doubt anybody is trading off the...

Ratings agencies to be barred from rating certain countries. http://economictimes.indiatimes.com/news/international-business/eu-may-suspend-sovereign-ratings-commissioner/articleshow/10732356.cms Banning short sales, sacking governments, banning ratings ... yeah, this is going to end well.

So if at some point in life we've disagreed on something, that makes all else invalid? I applaud his understanding of events in Europe, and his unwavering view (through all of these ridiculous bailouts and solutions) of where it is headed, and things have taken a chilling turn for the worse...

Put a label on him if you must, but events in the eurozone have played out as he has expected them to, and he calls things as he sees them. That makes him worth listening to. Perhaps you need to examine your own biases?

I think you make the mistake of personalizing this. Yes, Silvio was a bad guy - incompetent, corrupt ..., but Italy has a democracy and its own way of disposing of such - it may be uglier and slower and more tedious than we like, but that's what democracy is. G-pap, on the other hand, was a...

"Letter from Whitney Tilson, 'Why I am buying IBM' coming out in 24-48 hours." :D :p :) :D :p https://twitter.com/#!/zerohedge/status/136055778183360512

My man ... http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8887193/The-great-euro-Putsch-rolls-on-as-two-democracies-fall.html We are not that far from use of EU judicial coercion, and then EU police power, and ultimately EU "border troops" - for those old enough to...

Shorted a few more euros and aussies on the gap up at the open.

Excellent stuff. http://ftalphaville.ft.com/blog/2011/11/11/743411/pan-labyrinth/ “path uncertain, destination ugly”

Europe solved again. Another great fade opportunity coming in the EUR. Only question is whether to do it before the close today. Might get a euphoric Sunday night bounce if Italy forms a new Vichy gov't by then. On the other hand, EUR will open sharply lower if Italy backtracks.

An interesting op-ed written last month by then private citizen, now soon-to-be Greek PM calling the EU "rescue" of Greece a load of baloney. I will be watching closely to see if he sticks to this line once under the thumb of Berlin...

Coup complete in Athens. Papademos' first act as PM? A plane trip to Brussels.

GMCR :p