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"Contagion Shakes The Euro Core As 10 Year German Bund Auction A 'Complete And Utter Disaster'"

A more complete accounting of what Roddy introduced in the comments here. ZeroHedge:

The sale “prompted concerns the debt crisis was even beginning to threaten Berlin on Wednesday, with the Bundesbank forced to buy large amounts of the bonds to ensure the auction did not fail. The low yields offered on the 10-year paper deterred investors from the auction, especially because of growing concerns over the cost to Germany of the escalating crisis.” So what was otherwise formerly sacrosanct has just become reviled: welcome to fiat’s greatest hits. The resulting 10 Year yield chart should surprise nobody. As for next steps: first the UK, then Japan, and finally the US…

Seeds, guns, whiskey, and toilet paper.

And lots and lots of batteries.

Ameritopia!

(thanks to geoffB)

26 Replies to “"Contagion Shakes The Euro Core As 10 Year German Bund Auction A 'Complete And Utter Disaster'"”

  1. geoffb says:

    The BBC has a number of interactive graphs up. Here and here.

  2. bh says:

    Something to keep in mind is that their problems are masking our own to a certain degree:

    The Treasury Department sold $29 billion in 7-year notes 7_YEAR -2.14% at a yield of 1.415%, the lowest on record for an auction of the notes. The previous low yield at an auction was 1.496%; that came in a September sale.

    Yields on the 7-year note, which move inversely to prices, fell 2 basis points to 1.381% after the auction and had been hovering around 1.412% just before the auction. A basis point is one hundredth of a percentage point.

    Bidders offered to buy 3.20 times the amount of debt sold, compared with an average of 2.75 over the last four sales.

    Also, see the dollar. Same thing happening.

  3. cranky-d says:

    You will also need ammo. A gun without ammo is a club.

  4. bh says:

    Don’t forget yeast. Grain is just stupid, boring grain without yeast.

  5. leigh says:

    And a generator or two and fuel. And heavy duty extension cords.

  6. sdferr says:

    The sourdoughers say the good stuff just floats in the air. Damn if it doesn’t depend where in the air though, in terms of getting the good ones. San Fran is one thing, South Fl. another. Doesn’t it work something like that with the beers too?

  7. bh says:

    They’ll tell you that’s the case in Brussels, sdferr.

  8. cranky-d says:

    Are there ways to keep the yeast alive so you can have a constant supply? I’m thinking beer yeast, but I imagine I might want bread from time to time.

  9. bh says:

    I just put mine in a sterilized container in the fridge when I like a strain, cranky.

    Other people just keep making beer off the same yeast in the same container time after time after time.

  10. sdferr says:

    Aha, yes, that’s the stuff!

    Starting over then, geographical ecology would then tend to act like a market corner, with the lucky ducks raising up their dental floss yeast cakes for sale to the hinterlanders. Which, I reckon, was the way with the obsidian rich peoples too. Trade’ja a super knife material for a chunk of that yeast cake.

  11. bh says:

    Here’s a simple how-to with pictures.

  12. Crawford says:

    In other news, the next in the “Rainbow 6” series of video games features Tom Clancy’s anti-terrorist team going after a domestic terror group calling itself the “True Patriots”.

    Somehow I doubt they’ll be modeled after the OWS thugs…

  13. happyfeet says:

    you can also stock up on canned bread too… I only know this brown kind but there might could be others

    it’s a big world, and full of marvels

  14. happyfeet says:

    i suspect we’ll see an even more collapsey collapse in survival shop sales once president gigglefart is out of office

  15. Sarah Rolph says:

    Speaking of beer, I saw a great show on TV last night called How Beer Saved the World. Really interesting and amusing as well. The show starts at the very beginning; we have beer to thank for the agricultural revolution. I am not making any of this up!

  16. JHoward says:

    Thomas Jefferson could not be reached for comment.

  17. bergerbilder says:

    Now that you want fruitcake, they probably don’t sell it any more. Good thing I never threw away the ones I have even though they are over 30 yrs old by now.

  18. JHoward says:

    Neither could that Rothschild fellow.

  19. newrouter says:

    keep stocking up

    From JournoList to activist, it appears that WaPo‘s liberal blogger Ezra Kleinis once again blurring the lines between being a journalist and trying to sway politics. In what appears to be at a minimum a breach of journalism ethics, Klein spoke to a group of Senate Democratic Chiefs of Staff last Friday about the Supercommittee, just days before the Committee announced its failing. “It was kind of weird,” said a longtime Senate Democratic aide, explaining that while people “enjoyed it” and gave it “positive reviews” this sort of thing is far from typical.

    A longtime Washington editor who deals with Capitol Hill regularly also said this is not the norm: “”I have never heard of a reporter briefing staffers. It’s supposed to be the other way around. This arrangement seems highly unusual.”

    Klein’s speech to high-level Democratic aides was in the Capitol, closed door and off the record. It lasted 30 minutes. “I think they thought it was very helpful,” said the aide. “I think it’s unusual. What’s more common is to get someone like Paul Begala or a White House staffer. To get a journalist to talk is a little unusual.”

    Link

  20. geoffb says:

    Two pieces on China, housing and banking.

  21. guinspen says:

    baitandswitchfoot writ large.

  22. motionview says:

    Perhaps you thought Israel might be applauded by the Left for their modern attitude towards alternative lifestyles? Ha ha. Just gay units used as a messaging tool.

  23. Salt Lick says:

    Batteries — FWIW, Jeff, I’ve been test-using one of these for about the last year. Charged 4 “D” batteries with it over the last 3 days and they’ll light up a camp lantern just fine.

    http://www.amazon.com/Solar-Powered-Battery-Charger-Charges/dp/B000H36S0G/ref=sr_1_6?s=electronics&ie=UTF8&qid=1322172270&sr=1-6

    You know, in case it all goes down.

  24. TmjUtah says:

    I need rechargeable batteries and a charger. We had a “universal” wall unit that was supposed to do C, D, AA, and AAA but it went belly up before it paid for itself.

    On the other hand, I’ve got enough ammo.

    You should have seen the look on Mrs. Utah’s face when I told her that.

Comments are closed.