This is Geithner's fantasy
This is Geithner's fantasy come true. Was it only a week or so ago that he was in Spain, to advise them on how to proceed? He is now the Spanish Lafayette.
View ArticleYour extensive contribution
Your extensive contribution deserves a longer reply, so forgive me for picking just the Spanish banking part.Actually Spain's finances were among the best throughout the euro zone for years. But the...
View ArticleGreat! Now just sign here on
Great! Now just sign here on the bottom line and provide a down payment of 30%. /sarc
View ArticleAny why not? They break, and
Any why not? They break, and change, all other rules constantly as well. Weimar 2.0, we're coming...
View Articlewhy would they do that? the
why would they do that? the depositors would only put their money into another bank... rinse, repeat...
View ArticleZokay, it's just more fuel
Zokay, it's just more fuel for the short term counter trend. Traders delight.
View ArticleWhy on earth would anyone bet
Why on earth would anyone bet that simply printing more money won't be done? Of course it will. Every single time it's needed. The choice is print or systemic collapse. Print print print.
View ArticleActually Spain agreed to
Actually Spain agreed to nothing, this article makes that much clear. Nothing is getting done anytime soon, not before the Greek elections that is certain....
View ArticleBanks create money, via a
Banks create money, via a bookkeeping entry. No one need go out and mine another ounce of gold. What keeps banks from creating unlimited money? Nothing, really, except the demand for that money....
View ArticlePeople on this site must not
People on this site must not be able to read. It says nothing about the ESM, it says IMF.... Which means Ben and the US taxpayer, via the IMF....... Ben would never put a condition on a bailout so...
View ArticleIMF = US Taxpayer and Japan,
IMF = US Taxpayer and Japan, and to a lesser extent Germany...... Hence no conditions, other than the bondholder getting subrogated to the IMF which can never collect anyway.
View ArticlePlain and simple: the huge
Plain and simple: the huge net short position in Euro has to be squeezed so let the squeeze begin... the rest is meaningless and could be dammed
View Article, what does that do to the
, what does that do to the Treasury market, and USD, let alone the political reaction? Not one damn thing.
View ArticleTrader's delight indeed. But
Trader's delight indeed. But the moving averages reflect what has happened, not what is to be. The trend will be UP in the days, and weeks, ahead.
View ArticleActually, and uncannily,
Actually, and uncannily, technical analysis tends to PRECEDE fundamental and news developments. What is actually known by the markets can never be known by us. We have only a delayed proxy. Markets...
View ArticleWhy on the focus on Spain
Why on the focus on Spain THIS WEEKEND? Because next weekend Greece will essentially vote to leave the Euro. This is all about building a firewall around Greece. Will the firewall work? Place...
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