or this
http://www.zerohedge...al-bank-bailout
I think no yet I seen crazier things happen
Edited by draggen33, 09 June 2012 - 12:32 PM.
Ill ask is this positive for markets ?
Started by
draggen33
, Jun 09 2012 12:30 PM
6 replies to this topic
#1
draggen33
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Posted 09 June 2012 - 12:30 PM
http://online.wsj.co...4240154190.html
or this
http://www.zerohedge...al-bank-bailout
I think no yet I seen crazier things happen
or this
http://www.zerohedge...al-bank-bailout
I think no yet I seen crazier things happen
#2
Rogerdodger
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Posted 09 June 2012 - 12:49 PM
The guverments have found that they can print their way to the next crisis, when they will print even more.
A day of reckoning will come eventually.
A bit like my friend who used the housing bubble to refinance his lifestyle.
Broke, underwater, in debt and facing retirement, he recently managed to refinance one last time but realizes that he will never get out of debt and he will leave nothing for his kids but receipts.
SPAIN POISED FOR BAILOUT WEEKEND...
40 billion euros...
Could reach 100 billion...
A day of reckoning will come eventually.
A bit like my friend who used the housing bubble to refinance his lifestyle.
Broke, underwater, in debt and facing retirement, he recently managed to refinance one last time but realizes that he will never get out of debt and he will leave nothing for his kids but receipts.
SPAIN POISED FOR BAILOUT WEEKEND...
40 billion euros...
Could reach 100 billion...
Edited by Rogerdodger, 09 June 2012 - 12:49 PM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
SemiBizz
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Volume Dynamics Specialist
Posted 09 June 2012 - 01:12 PM
I'm sure it's all going to end well...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
Lysis
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Posted 09 June 2012 - 06:45 PM
http://online.wsj.co...4240154190.html
or this
http://www.zerohedge...al-bank-bailout
I think no yet I seen crazier things happen
Definitely positive.
50 billion euro is going directly to the Spanish banks at close to zero interest rates. Bankia and friends will buy Spanish soverign debt, which will prop up Spanish bonds under 5% and create essentially a low risk money making opportunity for the Spaniards to sure up their balance sheets. Credit crisis scheduled for next week averted.
Unfortunately, this only continues to kick the can down the road since the Spanish economy has to actually improve to keep Spanish soverign yields below 7%. Unlikely, given the state of the global economy, the Spanish socialist status quo, and the poor state of Spanish real estate.
http://mises.org/daily/4430
#5
Lysis
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Posted 09 June 2012 - 07:51 PM
Sorry. I guess that should read 100 billion euros.
A billion here, a billion there. Eventually it will add up.
#6
TTrader47
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Posted 09 June 2012 - 09:03 PM
If any of this does not go as planned, look out below. But I guess that is how the market is. Stair step up and take the elevator down.
#7
Lysis
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Posted 10 June 2012 - 03:26 PM
If any of this does not go as planned, look out below. But I guess that is how the market is. Stair step up and take the elevator down.
"A billion hours ago, human life appeared on earth.
A billion minutes ago, Christianity emerged.
A billion seconds ago, the Beatles changed music forever.
A billion Coca-Colas ago, it was yesterday morning".
April 21, 2002 (Newsweek, Coca Cola ad)
