2. Who was ever holding pathetically the VIX down lost his nerves and is rushing for the gates now. We have broken above the 20 threshold and reached 22 level still far too low rather should be at 25 already but that rather seems to be the Friday deal as the Greece PM is rotating on an hourly basis now his propaganda but ultimately prepares for the default if he is an honest man – but he also can be a member of the club and just raising his stakes for a decent bribe while selling out the Greece population. In such a situation he could easily settle for 100 Mio since we are talking here just for the Greece bonds a loss of 200 bil. or 300 bil. plus the side effect for the other pigs of even a higher magnitude. At the end of the day this can serve to be another Lehman as the situation was very similar. Onşy this time its not a battle between Senate and Congress Reps and Dems – this time its Trichet against the Germans. Trichet does not want o end his presidency with the biggest loss in history for a central bank soon to be followed by Bernanke.
Submitted by Tyler Durden on 06/15/2011 12:43 -0400
Submitted by Tyler Durden on 06/15/2011 12:30 -0400
European liquidity just went into Defcon 1.