Posted on 11/19/2011 5:32:16 PM PST by blam
Wall Street Analysts Everywhere Are In Agreement: THE WORLD IS ENDING
Joe Weisenthal
Nov. 18, 2011, 5:55 PM
Image: Wikimedia Commons
If you like your Wall Street analysis with a heavy dollop of rapture and Armageddon, today was the day for you.
Blame the weighty issues of the day (Europe, mostly), and yesterday's big selloff for the spasm of bearishness.
It started off with Nomura's Bob Janjuah. He said that any talk of the ECB saving Europe was a mere pipedream, and that if the ECB did go whole-hog buying up peripheral debt to suppress yields, then that would prompt a German departure from the the Eurozone.
Germany appears to be adamant that full political and fiscal integration over the next decade (nothing substantive will happen over the short term, in my view) is the only option, and ECB monetisation is no longer possible. I really think it is that clear and simple. And if I am wrong, and the ECB does a U-turn and agrees to unlimited monetisation, I will simply wait for the inevitable knee-jerk rally to fade before reloading my short risk positions. Even if Germany and the ECB somehow agree to unlimited monetisation I believe it will do nothing to fix the insolvency and lack of growth in the eurozone. It will just result in a major destruction of the ECB‟s balance sheet which will force an ECB recap. At that point, I think Germany and its northern partners would walk away. Markets always want short, sharp, simple solutions.
Okay, but that's Janjuah. He's always bearish so maybe that's not even news.
But then there was Deutsche Bank's Jim Reid, who is always sober, but not usually wildly negative.
(snip)
He included this chart:
Image: Societe Generale
(snip)
(Excerpt) Read more at businessinsider.com ...
If Someone In Europe Owes You Money, You Must Find A Copy Of This Report
This is undoubtedly one of the hottest weekend reads in finance.
Warning ! Analyst falling zone
So now the NAZIs are coming back? TBI is fit for cleaning one’s bottom. That’s about it.
And G-d said “meh - not just yet”
Have you seen what’s happening in the streets today?
Things are bad, but the NAZIs...really? I wouldn’t be surprised to see the EU break up, or at least make the soutern members leave. The article is trying to use fear as a selling point.
If you already know everything, why do you even bother reading it then...dufus?
I don’t know everything obviously. I read the article so I could make an informed response to it. Is there a reason why you are calling me names? Do you want to discuss the articles you post, or do you just want everyone who agrees with you to post?
However, if you've listened to some of the OWS protesters, you do see echos of NAZI, fascist, communist, or other flavours of leftist totalitarianism. Once you stir up the mob, “class warfare” has a tendency to go from the figurative to the literal. We have the OWS encampments, and riots in the streets of Greece — and we haven't even gotten close to crunch time yet. When sacrosanct social welfare programs are actually cut, the real fun will begin.
You're a whiner and you will add nothing to this thread but disruption. That was your initial intent...now, just go away.
Enjoy your circle jerk...coward.
A sign of a weak mind.
If a long depression is introduced into a society, a people will do some crazy things. I believe Hitler actually won some elections before becoming a dictator. Putting everyone to work building military gear and roads does wonders for unemployment rates.
Thank you. I look forward to your next 1000 articles of doom and gloom.
The financial situation will probably get worse, but Germany’s unemployment rate is around 6.5%. According to that chart, the Nazi’s took power around 32%. Germany has a strong economy, and hard working people. We have around 40+ thousand troops in Germany.
Ooooooo, Low blow.
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