Shadowtraders

High frequency ‘fat finger’ on Citi:
http://www.zerohedge.com/article/hft-fat-digital-finger-breaks-citi-stock-shares-halted-circuitbreaker-triggered-stock-plungi
S&P busting 900 next?
http://www.zerohedge.com/article/timber-right-shoulder-dislocated-865-next
http://www.zerohedge.com/article/cold-shoulder-goldman-warns-if-1040-taken-out-sp-865-next-stop
http://www.zerohedge.com/article/bond-yields-imply-fair-value-sp-750
http://www.businessinsider.com/closing-bell-june-29-2010-6
Don’t forget Euro-spanking!
http://www.zerohedge.com/article/imf-preparing-bailout-cataclysm-part-2
http://www.ft.com/cms/s/0/a3874e80-82e8-11df-8b15-00144feabdc0.html?ftcamp=rss
http://www.huffingtonpost.com/2010/06/29/europes-massive-austerity_n_629062.html
And ‘finance reform’ (ugh):
http://www.huffingtonpost.com/2010/06/29/wall-street-reform-confer_n_629257.html
http://www.huffingtonpost.com/2010/06/28/scott-brown-may-oppose-wa_n_627986.html

Full story here. More precisely, Fitch will downgrade your butt if you do not monetize, guarantee debt and enslave your populations. Feh–given that the Eurozone is headed for a breakdown crisis by sometime mid-July, buying junk that other private banks don’t want to hold anymore so this kabuki can continue is a colossal waste of time.
Fitch Ratings [...]

Full story here from ZeroHedge. No surprise on this to us here at ShadowTraders, but we are impressed someone told the truth.
Some late night words of caution from one of the UK’s best journalists. In a report obtained by Ambrose Evans-Pritchard, French financial firm AXA is quoted as essentially saying that the chance of the [...]

Italy might miss some debt payments. No mi infastidire!
http://www.zerohedge.com/article/bank-italy-says-interest-payments-debt-subject-great-uncertainty
Bulgarian and Romanian sovereign risk:
http://www.zerohedge.com/article/guest-post-bank-exposure-bulgarian-and-romanian-sovereign-risk
S&P downgrades Spanish region of Valencia:
http://www.zerohedge.com/article/sp-downgrades-spanish-region-valencia-aa-because-growth-debt-burden
Euro Central Bank will keep buying bonds:
http://www.zerohedge.com/article/trichet-qa-ecb-press-conference-appropriate-continue-buy-bonds
Let Europe’s monetization continue indefinitely! Surely this will do miracles for the EUR once Goldman is done buying all its clients are selling to it today.
Gads, get me Claude Akins! How ’bout [...]

Full story here from Henry CK Liu and Asia Times.
This is the 10th article in a series.
Part 1: The crisis of wealth destruction
Part 2: Banks in crisis: 1929 and 2007
Part 3: The Fed’s no-exit strategy
Part 4: Fed’s double-edged rescue
Part 5: Too big to save
Part 6: Public debt – prudence and folly
Part 7: Global [...]

Full story here from Mike Whitney.
Forget about a smooth recovery. Finance ministers and central bank governors of the G-20, met this weekend in Busan, South Korea and decided to substitute “tried and true” expansionary fiscal policies for their own strange brew of belt-tightening and austerity measures. The EU members are eager to restore the illusory [...]

Full story here from Jim Willie.
Natural forces are at work in Europe, powerful forces, in fact forces that are not evident. It is amazing how little the financial analysts notice the forces at all. Since the year 2007, a hidden force began to put pressure on the European Union financial underpinning. Like any fiat currency, [...]

Yes friends, the fall of Europe continues. When will people learn that bailing out crappy banks and not arresting bankster scum will not help your economy?! At this rate there will be Switzerland, surrounded by smoldering piles of burnt economy.
Hungary is starting to slide off the cliff:
http://www.zerohedge.com/article/hungarian-forint-slide-accelerates-hungarian-default-risk-now-14-wider-277bps
http://www.zerohedge.com/article/hungary-cds-races-60-news-imf-mission-chief-going-budapest-informal-talks
Goldman Sachs now targets EUR-USD at 1.18:
http://www.zerohedge.com/article/goldman-adds-short-eurusd-favorite-tactical-theme-eurusd-target-now-118
Portugal’s credit rating heading [...]

Read here.
Tim Geithner has some advice for Europe, act like China. That’s right, the U.S. Treasury Secretary said that the world can no longer depend on the U.S. consumer alone to drive the global economy. Quite the opposite, Americans need to tighten their belts and focus on savings, while the Chinese are enacting reforms to [...]

Full story here from ZeroHedge. And since it’s Friday you get a free Simpsons reference for Germany.
A few days ago we pointed out that the latest Japanese GDP deflator came at multi-decade lows, this despite years of printing, pumping and other -ings. Today, Albert Edwards takes the observation of rampant regional deflation and concludes precisely [...]