Edited by redfoliage2, 27 July 2012 - 02:03 PM.
This is Not Really Good for Euro at All
Started by
redfoliage2
, Jul 27 2012 01:59 PM
3 replies to this topic
#1
redfoliage2
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Posted 27 July 2012 - 01:59 PM
ECB to buy bonds from bankrupted governments. Not really good for Euro dollar. It's going to be a much diluted currency.
Shorted Sept Eur.
#2
redfoliage2
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Posted 27 July 2012 - 02:54 PM
Initiated Sept ES shorts at 1383
Edited by redfoliage2, 27 July 2012 - 02:55 PM.
#3
salsabob
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Posted 27 July 2012 - 03:45 PM
Just stay quick on your feet (you're obviously one who can). The first reaction often is not the longer-term one.
Remember, its 'all about the Euro' (i.e. "strong Euro"???) and the only thing worse for Germans than assuming someone's debt is buying dollars to cheapen their own currency - they ain't ever going to be like the BOJ. 
John Galt shrugged, outsourced to Red China and opened a hedge fund for unregulated securitized credit derivatives.
If the world didn't suck, wouldn't we all just fly off?
If the world didn't suck, wouldn't we all just fly off?
#4
redfoliage2
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Posted 27 July 2012 - 05:25 PM
Just stay quick on your feet (you're obviously one who can). The first reaction often is not the longer-term one.
Remember, its 'all about the Euro' (i.e. "strong Euro"???) and the only thing worse for Germans than assuming someone's debt is buying dollars to cheapen their own currency - they ain't ever going to be like the BOJ.
However, German central bank remains opposed to ECB on the bund buying:
http://news.malaysia...-bond-purchases
