shedfish

i do believe we are living through the fall of Rome, in a sense - 'Old Rome' has gone, and 'Byzantium' over the pond will too. not sure when though, these things take time i love the picture of 'typical gardener' in the article. look at her, gently tugging on that root tuber. mmmm

i don't log in so much here these days, so apologies if this has been posted already. one suggestion would be that it might be worth drawing some out before 7 december, just in case

more on Spain here, a bond auction failure last week - thanks to _w_ for the excellent blog link (Golem XIV) http://golemxiv-credo.blogspot.com/2010/11/spanish-bond-disaster-and-imf-panic.html

both of these luminaries predicted a hyperinflationary collapse if i remember correctly? i haven't seen a single wheelbarrow full of cash yet. it seems to me that there's an awful lot LESS money around now than there was a few years ago they may even be proven right, but it hasn't happened yet

they're still over 8%, going by the spread over Bunds and today's German 10y price (since none of the articles i can find actually seem to quote a yield figure) incidentally, according to the BBC, a bit sloppy perhaps?

some comments on the BBC website - Irish EU bailout talks: Your reaction http://www.bbc.co.uk/news/world-europe-11751397

There's talk of a bailout before markets open http://www.ft.com/cms/s/0/cdef84ce-ef41-11df-8bbb-00144feab49a.html#axzz15GW222Af Eurozone in talks on Ireland bail out FT, 13th November 2010

crikey, i'll read that when i have an afternoon spare meanwhile Zerohedge have some videos which tie in http://www.zerohedge.com/article/most-stunning-robosigning-admissions (incidentally, the woman in the first video has been on a fitness tip since then, this is her today) -

you could almost set your watch by it... every time noises are made about 'the taxpayer getting a positive return' on the bank bung... something happens and they tank Ireland 10 year has broken the magic 9% this morning. i believe that's not good, if Greece is any kind of precedent

ha, i tell thee... i just had the sh!ttiest, most pointless night out i can remember. you're doing the right thing. i just spent a few quid i saved by not staying out any longer on some meat products high in saturated fat. happy days n+1) STILL being a HPC-er when you bought anyway, KNOWING there would be a fall, and continuing to argue for a fall, in a circle of friends with a vested interest in there not being. most of them have kids and they still don't get it

i just read the excellent 'Too Big to Fail' by AR Sorkin, and among others this chap will no doubt be circling the corpse. he certainly did rather well out of the crisis, by seemingly representing everyone simultaneously, according to Sorkin's account more jobs for the boys, on the taxpayer tab

the whole US mortgage mess looks, to a casual observer, like it's about to become a much bigger mess. if i remember the timescales correctly the Alt-A resets have barely kicked in yet. a smorgasbord of articles... Meet The Foreclosure "Experts": Hair Stylists, Walmart Floor Workers And Assembly Line Workers, All Hired To "Defraud Homeowners" http://www.zerohedge.com/article/meet-foreclosure-experts-hair-stylists-walmart-floor-workers-and-assembly-lines-workers-all- Florida's 30-Second Foreclosure Dash Hits Wall of Fraud Claims http://www.bloomberg.com/news/2010-10-13/florida-s-foreclosure-rocket-docket-may-slow-to-a-crawl-with-fraud-claims.html JPMorgan has suspended repossessions in 23 states amid allegations that homes have been taken back without the necessary paperwork being properly checked http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8062278/JPMorgan-chief-defends-home-foreclosures.html BAC, WFC Credit Continues To Deteriorate As Investors Increasingly Price In Foreclosure Fraud Risk http://www.zerohedge.com/article/bac-wfc-credit-continues-deteriorate-investors-increasingly-price-foreclosure-fraud-risk what a fracking debacle

not Gilts i know. worth bumping the thread with though

you just got to love the camera angle on the pic, in the Telegraph.... haar haar indeed

Irish finance minister ridiculed by City Investor call to Brian Lenihan descends into chaos as bankers make 'chimp sounds', and shout 'dive, dive' and 'short Ireland'. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8038000/Irelands-finance-minister-Brian-Lenihan-ridiculed-by-City-investors.html