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Friday's Psychedelic Fun
Running on dope, running on steroids. Me and my colleagues had an interesting discussion during our morning briefing at 6 AM (as usual) : How can we define the latest Draghi put ? Is it dope in the sense of promoting supra-natural performances or is this another kind of psychedelic magic trick ?
If it's an adrenaline shot straight through the heart, we might become disappointed was our general conclusion. Now we don't have any specific experience on the field but we certainly liked the idea, sounds pretty cooooolll. And to please our internal compliance, we like to kick off as follows (warning : the following extract contains offensive language) :
Now that we have excluded pep drugs, it also implies that others such as coke and XTC do not come into consideration into our little discussion. Coke by the way - again as the rumor goes because no member of our financial market nerd panel claims to have any experience - is so out of fashion, completely démodé. So for all you Clapton fans out there (correction JJ Cale), sorry about that.
That leaves us with the option to look for the more painkillers alike, going from soft to slightly more adventurous. Also here we had to guess what it would feel like and whether Mr Market has yesterday been provided with the necessary shot. In order to obtain more info on this intriguing subject, we tried to contact Ben Bernanke and Mario Draghi via our Bloomberg message system but they were off-line. So we once again were left to our own creative devices and found some inspiration in the world of music. And we went straight for the more stronger stuff to find musical expressions of that heroin feeling because we think heroin/smak comes closer to what has happened yesterday. Super Sex from Morphine was an option ("taxi, taxi, hotel, hotel, I got the whiskey baby, I got the whiskey, I got the cigarettes") but our internal Troika censorship panel thought this was a bridge too far. Lou Reed's live version of Heroin from Rock & Roll animal also didn't make the cut. So for the sake of video purposes, we serve you the following 2 fragments
1) "Heroin", performed by Sinead O' Connor and the Edge : It also contains a boxer handing out several knock-out blows, something which probably occurred yesterday as well in financial markets
2) "Brown Sugar" performed by good old Mick and Keith. And also because we like Johan Braem who at age 50+ as of today - congrats - still likes to perform heroics on guitar. Keep on rocking in the free world Johan !! And check this link to watch some real live action and guess who replaces Keith !
30 Comments
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Will
On 7 Sep, 2012
Anti-dose might come to your rescue on the 12th !
In the form of a "NEIN" by the German Constitutional Court. -
christof Govaerts
On 7 Sep, 2012
@Will
That has already been taken care of by Angela, don't worry. Last year they tried that and this year the answer will be dito : it will pass but fior the last time, try to be a good boy next time. And when you look at the present conditions attached to the bond program, it's exactly conceived that way so the German constitutional court wouldn't have a problem with that in selling the message as such to the German people. And if that won't do the trick, most members of the court will probably already have received an envelope with a bullet with their names written on it, sent from out of Naples or Sicily :-) -
FV
On 7 Sep, 2012
@Christof : couldn't you find a clip by singer-songwriter Benzodiazepine Bernanke or the illusionist Mario Drughi ?
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christof Govaerts
On 7 Sep, 2012
@FV
The greatest trick the Devil ever pulled was convincing the world he didn't exist - Verbal Kint in the usual suspects
That's the real magic or the illusion gone real. Again, approve or disapprove, but this was not such a bad performance from Mario Drughi, il faut le faire. And looking at market movements right now, we have some credibility apparently. And that was the intention in the first place, brake the vicious downward circle.
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FV
On 7 Sep, 2012
Mbt Draghi's truc wordt de term 'sterilisatie' gebruikt :
http://blogs.wsj.com/eurocrisis/2012/09/06/the-ecb-sterilization-and-money-supply/?mod=google_news_blog
Kan iemand (Christof ?) dit in mensentaal vertalen ?
Wat is de implicatie ?-
christof Govaerts
On 7 Sep, 2012
@FV
Hier mee wordt bedoeld dat de geldvoorraad in circulatie netto niet toeneemt ; of wat ze creeren aan de ene zijde, aan de andere zijde uit de kringloop wordt gehaald. Ze kopen dus bonds maar doen reverse repos met banken of banken moeten meer depositos plaatsen bij de ECB (en dus niet gebruiken om uit te lenen voor commerciele doeleinden zoals autos, huizen etc). Nu is er theorie en praktijk want banken kunnen nog steeds beroep doen op deze termijn deposito als borg voor iets anders. Dus banken kunnen ergens anders hun geld gaan halen, het dan weer op hun beurt uitlenen en de ECB als borg gebruiken.
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Theo
On 7 Sep, 2012
That must be the best 6am pep talk I've heard of !
My inner macro goddess is wondering what Draghi's hard and soft limits are...-
Christof
On 7 Sep, 2012
@theo
That's the least of his worries. He's a straight cold player and a damned good player in this field, mind you he has goldman experience. Just look up lenny kravitz version of straight cold player and enjoy the dry drum beat and especially the fiine blow section solo, sax included-
Theo
On 8 Sep, 2012
@ Christof
He so is !!! He doesn't flush, he doesn't roll his eye nor bite his lip... But those eyes of his !
Well, at least he has requirement and time limits.
I was thinking of that Tango Roxane scene from Moulin Rouge movie.
btw my 12 year old niece heard me playing Lenny's Straight Cold Player, which I love indeed, and said we'll need Afro wigs and Abba style boots to do a dance show on it tonight :-) She is a keeper.-
christof Govaerts
On 8 Sep, 2012
@theo
Indeed, this song swings your socks off, it could only have been made by lenny or another afro kind of guy ! And it als has that nile rodgers chic guitar at the start, i just love it. Party time !! I just got back from an afternoon in Zeeland, 50 miles from here. Kids loved the water from the oostschelde, we at some clams or zeeuws mosselen, life can be easy on me, at least from time to time.-
Nacht Und Nebel
On 9 Sep, 2012
Christof,
U weekendtje uit met het gezin wordt zeker voorpaginanieuws bij De Morgen.Ik zie het zo voor mij 'Econoshock promoot BTW-ontduiking via een buitenlandse holding (Peter Goossens).
Hopelijk verlies je door dit alles niet je 'lust for life' en denk je: komaan vent t'waren maar een portie mosseltjes en een frisse pint.:)
http://youtu.be/BWNntlvrFqs-
Christof
On 9 Sep, 2012
@NUN
Ik lig niet wakker van mijn weekendje zeeland en ik lig zeker niet wakker van peter goossens. En ik ga zeker mijn lust for life hier niet bij ingeven, ik lig momenteel van andere dingen wakker.-
Nacht Und Nebel
On 9 Sep, 2012
En gelijk heb je.In deze barre tijden wordt links slinks en blijft rechts slechts ;)
http://youtu.be/5zIjtwsrXfk
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Juri
On 19 Nov, 2012
CourtneyI love this cape! I was going to try to attempt it mleysf but it would be even better to win one! Ok, so my name is Courtney and I live in Queen Creek and I have a blog, which I think you can link to by clicking on my name. If not, it's tcmoss.blogspot.comMy 2 year old calls himself Superman all the time when he pretends to be Spiderman. I think he would love this.
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Theo
On 9 Sep, 2012
@ NuN
That article in de Standaard by Paul Goossens reminded me of the propaganda at de Standaard by Manu Ruys at the time of the murder of premier Lumumba when Gaston Eyskens was premier... What did he preach at the time ? Een beetje moord kan geen kwaad want goed voor de Eenheidswet.
If Paul Goossens were a real economist he should not have great difficulty proving his case (if he has any !) without the typical Socialist character assassination and mud throwing. Problem is he cannot explain how 3% official inflation is going to deliver growth when consumers/savers are getting less than 1% interest on their monies.
And so they go shooting at the messenger, hoping to silence all messengers
Why doesn't Paul Goossens propose another Eenheidswet a la Gaston Eyskens as solution to the same problems Belgium is facing today as it did in 1961???
De wet beoogde volgende punten:
1. een verhoging van de fiscale druk met 7 miljard.
2. besparingen in landsverdediging en onderwijs.
3. controle op de werkloosheidsuitkering en het pensioenstelsel voor sommige ambtenaren (besparing: 4 miljard).
Di Rupo would not have great difficulty finding yet another African premier to kill... and that character assassination has already been done in the Belgian press
Di Rupo doceert zo : Een beetje spaargeld van al die "rijke" Belgen doen verdampen kan geen kwaad want goed voor de groei (van de schulden). Ze activeert de schuldenmotor en doet die vlotter draaien.-
Nacht Und Nebel
On 10 Sep, 2012
Theo,
Je hebt een overschot aan gelijk.Het is zo typisch belgisch.De middelmaat die alles wat talent heeft en al diegenen die iets trachten op te bouwen uit het niets neermaaien tot hun niveau.
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Nacht Und Nebel
On 7 Sep, 2012
Big Business entrepreneurship has never been that easy.Refinance your old debt with even more new debt just make sure that the amont of interest that you have to pay remains the same.With the excess funds you buy in shares to buy and destroy them.Then relocate your head office to the Cayman Island thus making sure that somebody else will have to pay the bill.
No need for innovation,the real growth is to be found on the back of the european taxpayer and it will cost Big Business not a dime or a drop of sweat
.http://youtu.be/PL8dmdFC5Co -
Nacht Und Nebel
On 7 Sep, 2012
Meanwhile Mr Crooked leg of the Parti Surrealiste is demanding for a grun sparbuk (A sparbuk that will give saver a fair interest rate of 2 percent.Is he saying by this that the ECB isn't giving savers not a fair interst rate?) after the Daddy finally lost his wheels while driving on a public money Veuve Clicquot rose overdose.
He claims his birth right.A place in the board of directors of the Jantje Beton Group on the back of his voters.
One thing is for sure Mr Crooked Leg isn't fearing that he is losing his chance for eternal fame .No he is faring that by next elections he will be losing his donkey that shits free money.
Well his plan is so much better than Bruno Two Bags of publc money idea 's.That fool thought that people would agree that he could control the pension fund that you and I worked for all of our lives.He would say how much we would get every month and he would keep the rest when we died. -
Christof
On 7 Sep, 2012
@Nun
And here in fact it is where the left again misses the point, especially in the south of belgium, jezus christ. On the one hand you urge and cheer about a central bank finally crossing the bridge to buy bonds and then you come and complain about the fact that saving rates are too low.-
Theo
On 9 Sep, 2012
@Christof
They are not REALLY complaining saving rates are too low. That's just politics. In reality they are afraid savings will leave Belgium... and what Ace will they then have to play at the French casino table ?
I forgot - the French are begging to become Belgians and put all their savings in our piggy banks...
Could the weekend get any funnier?
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FV
On 9 Sep, 2012
@Christof "Ik lig momenteel van andere dingen wakker". Verondersteld dat dit op de eurocrisis slaat, hoe ziet u (annex Econopolis) -de omstandigheden, Draghi incl., kennende- die eigenlijk evolueren ? Of zijn de variabelen te talrijk ?
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FV
On 9 Sep, 2012
@NuN & Christof : jullie bedoelden allicht Paul ipv Peter Goossens !?
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Nacht Und Nebel
On 9 Sep, 2012
FV,
Misschien bereikt hij hiermee zijn doel.Enige grootsheid verwerven door anderen op een dergelijke manier af te maken.Maar zolang wij niet zeker weten of hij nu Peter of Paul heet bereikt hij in feite niets:)-
Christof
On 10 Sep, 2012
@all
Peter, paul, whatever. Maar nu we er toch over bezig zijn : google voor de grap "girl in the war lyrics josh ritter", het vertaalt redelijk goed hoe ik mij momenteel voel. En daarvwil ik het voorlopig bij laten en dit heeft niets met jullie te maken.-
Nacht Und Nebel
On 10 Sep, 2012
Christof,
Soms kan de aanschaf van een nieuw paar schoenen heilend werken:)
http://youtu.be/G-7fD7yyUaU-
Christof
On 10 Sep, 2012
@NuN
I do need a new pair of shoes, but i am in doubt whe to buy it
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Nacht Und Nebel
On 11 Sep, 2012
Christof,
Voor degelijk schoenadvies zou ik je het best door verwijzen naar Theo.Het is niet dat ik je daarover geen advies wens te geven maar voor dat het weet raak je net als ik verkocht aan handgemaakte thaise krokodil lederen schoenen die je zowaar 150 euro achteruit zetten maar die zowaar een eeuwig leven schijnen te hebben met wat TLC..
Echter geen slimme zet met de zaak Arnault in het achterhoofd.:)
Het zou zou alleen maar koren op de molen zijn van de politiek die voluit gaan voor het plan Stigma.Zij die spaarzaam waren moeten immers op de brandstapel.
Om een of andere reden wijzen ze wel de vinger naar bepaalde figuren maar vergeten zij waarom ze waarom deze mensen dat doen.Een van de mogelijke redenen waarom Arnault naar Belgie wenst te verhuizen kan zijn dat hij het wat waanzinning vindt om van iedere 100 euro die hij verdient er 75 belastingen + 21 procent BTW + 8 procent gemeentebelastingen te betalen.Eerlijk gezegd 106 euro aan de franse staat doneren voor iedere 100 euro die ik zou verdienen zou zelfs mij wat teveel worden :)Niet dat ik mij tot Belg zou laten verketteren maar ik zou mij zowaar een frans hangmatje aanschaffen en van een rustig luizenleventje genieten dankszij mijn overheidsdotatie :) -
Theo
On 11 Sep, 2012
Somebody called me ?!
Shopaholic to the rescue !
In all honesty I have limited experience in the men's shoes department, but let's see...
As your dedicated personal macro shopper I would strongly advise you to go to either Spain or Italy.
In Spain they have toros para todo ... just avoid Andalusia cause they seem to carry only shoes for fair weather
In Italy I keep confusing soldi and saldi ... not that it makes much difference.
I might get a pair of ballbreakers for myself... It is now illegal to actually go and ask Italian men if they have balls, so a good pair might save me a lot of hassle
