Sovereign debt bubble thread

[Ed Anger]

I don't know if I can spot the fundamental problems with China.  I'm not the big anti-China guy on this board.  I just don't trust dictatorships that much.  Dictatorships are more opaque then democracies, and as such one must be a more skeptical of information that comes out of a dictatorship then a democracy.  If I'm not mistaken there are still closed areas in China, correct?  For the same reason I'm skeptical of growth in Russia right now.  Actually more skeptical of numbers coming out of Russia then I am China.

Russia had their natural resources. Yet every video from there looks like the camera is set to 'sad'*

* Yes, stole that joke.

[DGuller]

I don't know if I can spot the fundamental problems with China.  I'm not the big anti-China guy on this board.  I just don't trust dictatorships that much.  Dictatorships are more opaque then democracies, and as such one must be a more skeptical of information that comes out of a dictatorship then a democracy.  If I'm not mistaken there are still closed areas in China, correct?  For the same reason I'm skeptical of growth in Russia right now.  Actually more skeptical of numbers coming out of Russia then I am China.

I wouldn't be skeptical of Russian numbers.  The last decade was a good decade to be in the commodity business.

[MadImmortalMan]

The next one will be too.

[Razgovory]

I don't know if I can spot the fundamental problems with China.  I'm not the big anti-China guy on this board.  I just don't trust dictatorships that much.  Dictatorships are more opaque then democracies, and as such one must be a more skeptical of information that comes out of a dictatorship then a democracy.  If I'm not mistaken there are still closed areas in China, correct?  For the same reason I'm skeptical of growth in Russia right now.  Actually more skeptical of numbers coming out of Russia then I am China.

I wouldn't be skeptical of Russian numbers.  The last decade was a good decade to be in the commodity business.

I didn't say the Russian economy isn't growing, I'm suggesting the Russians fudge the numbers sometimes.  They have a habit of doing that.

[MadImmortalMan]

Europeans finally united:

http://blogs.reuters.com/felix-salmon/2011/09/16/the-euro-zone-shuns-geithner/

...in hating Tim Geithner.

[jimmy olsen]

Now that's hard core.

http://www.huffingtonpost.com/2011/09/16/greece-man-fire-debt_n_966956.html#s364171&title=Greece_Financial_Crisis

Greece: Man In Debt Sets Himself On Fire (PHOTOS)

First Posted: 9/16/11 05:40 PM ET   Updated: 9/16/11 05:53 PM ET

Associated Press

THESSALONIKI, Greece -- Greek authorities say a 55-year-old man has been hospitalized with chest burns after dousing himself with gasoline and then setting his clothes on fire. The man shouted that he was in debt as he carried out the act.

Police said the incident occurred Friday in Thessaloniki, in northern Greece, in front of a bank. Police used fire extinguishers to put out the blaze.

The injured man was not identified, but police say he had also set himself on fire and suffered burns 15 months ago, after complaining he could not pay back the debts from his failed business.

Debt-plagued Greece is in its third year of recession, and is surviving on international rescue loans. Drastic cost-cutting measures have caused a rash of business failures and record unemployment.

WARNING: GRAPHIC CONTENT BELOW. Photos may be disturbing to some.

[Neil]

Europeans finally united:

http://blogs.reuters.com/felix-salmon/2011/09/16/the-euro-zone-shuns-geithner/

...in hating Tim Geithner.

I don't think they hate Tim Geithner personally.  They just feel that no American has any business telling Europeans how to handle economic problems, given that the US is now in an unrecoverable death spiral.

[DGuller]

Tim Geithner has experience flying around the world to address finance ministers and instructing them on how to solve their problems. He was a senior executive at the IMF from 2011 to 2003, after all — a period which coincided with major sovereign crises in South America.

That guy must have a really fast plane.

[MadImmortalMan]

Oh what now...Italy?


Jesus fuck I'm exhausted. Can you people just get this shit over with already?

[Admiral Yi]

I assume you guys already heard that 2 Frenchican banks got downgraded.

[DGuller]

  Isn't it time to mandate AAA rating for every financial institution?  I think we've seen plenty of evidence by now of how damaging downgrades can be.

[Ed Anger]

Oh what now...Italy?


Jesus fuck I'm exhausted. Can you people just get this shit over with already?

I'm not even going to bother tomorrow. I'll just enjoy Cramer frothing at 9am, lust after the Korean chick and turn that shit off at 10am.

[MadImmortalMan]

Let's just downgrade everyone to junk right now. At least it would be done.


Edit: Or maybe we can detonate an EMP bomb over Europe to create a news blackout there for a year or so.

[citizen k]

Let's just downgrade everyone to junk right now. At least it would be done.


Edit: Or maybe we can detonate an EMP bomb over Europe to create a news blackout there for a year or so.

Or we just buy gold and short the euro.

[Ed Anger]

Edit: Or maybe we can detonate an EMP bomb over Europe to create a news blackout there for a year or so.

Now, you are gonna give Zoups the queasies talking like that.