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  • EU looks to line up billions of euros for investment [View news story]
    The countries you listed, except for Germany, Luxemburg (that's more like Cayman islands) and another insignificant one, are now back to recession or at 0. It's like you'd say Alaska and New York are doing fine so the US is fine. France Italy and Spain alone are more than 50% of the Eurozone population (and of course they need to improve their inept bureaucracy and corruption, but please don't think that Germany is not full of useless bureaucracy and there is no corruption, that would be a dream).

    And, again, the US federal government transfers money between States. A calculation has been done by economists and, should we do same as the US, the Germany should transfer each year 100-200B to the other Countries. They didn't, and, additionally they managed to exploit the Euro in order to have 200B of commercial advance (before the Euro, this was around 0), so they *suck* 200B instead of giving them away, and by the way this means 200B of less output for French Italian and Spanish industries, and this means unemployment.
    Additionally Germany managed to compress salaries, so its gain was not distributed to German people: German people got mini-jobs at 400/month and their government said it's 'cause the lazy pigs (while it has been done to be able to dump cheap gods to the piigs, like China)

    By the way remember there is no federal government in Europe, just a fake Parliament (w thousands of employees with real salaries :( ), while only the (unelected) Commission really rules. Its main feature, till now, has been to add useless bureaucracy and costs. Before the Euro and the austerity, their main damage was contained in laws for fixing the size of the beans and similar stupid things. Now we have a system that is vulnerable to shocks (that were previously dampened by the floating exchange) and that has upset people so much that we are apparently going to waste 50 years of peaceful union. Scotland, Catalogna, Veneto wants secession. There is war in Ucraina. Unemployment is at 13% (40% for young people). And with that deprecated money printing the US is at 6%.

    By the way I'm not a Krugman fan: Rudiger Dornbusch, Martin Feldstein, Dominick Salvatore, and several other well respected economists, anticipated the problems of the Euro. The UK commissioned multiple independent economic studies (you see here: ) that underscored the faults of the Euro and so they decided to keep the GBP (of course it was also a political decision, but it is supported by macro-economy and independent studies).

    That said, I believe there is really strong political support for the Euro (it seems politicians do not study macro-economy).
    Sep 15 06:48 AM | Likes Like |Link to Comment
  • EU looks to line up billions of euros for investment [View news story]
    the Euro is the problem. You can not give the same currency (and without any compensation measure) to a non uniform area, with different languages, laws, fiscal rules and administrations. Even the United States that is a quite uniform union preserve the Union with deep money transfers/grants.
    After the 2008 crisis, only the Countries with the Euro are still KO, except Germany, that had strong advantages from the Euro (if there was the Deutsche Mark, those "lazy pigs" wouldn't be able to buy all these BMW VW and Mercedes, with a debt/financing from German banks = double gain).
    Paul Krugman and several others advocated this in 2001 or before.

    As for the bitter medicine, Italy, France and Spain should exit from the Euro, so Germany will finally drink some of its great medicine.
    Sep 14 06:52 PM | Likes Like |Link to Comment
  • Sergio Marchionne to run Ferrari [View news story]
    you won't. This will cause insurrections in Maranello and revolution in Italy. The government can invent new taxes (or rename them) each week and people will sleep as usual, but you can't touch Ferrari...
    Sep 10 05:19 PM | Likes Like |Link to Comment
  • Germany borrows for free; euro to one-year low [View news story]
    it's a bet on the Deutsche Mark (after Euro collapse). But if you'd really know what is hidden in German banks, and where German export will go in case of Euro collapse, you won't want to bet on Deutsche Mark. I guess somebody "must" do it anyway, as hedging.
    Aug 20 04:49 PM | Likes Like |Link to Comment
  • SandRidge Mississippian Trust I: Is There A Bottom? [View article]
    "Sandridge and underwriters should be sued for materially misleading info." I second this. Results are too far from the ones promised.
    Aug 18 03:17 PM | Likes Like |Link to Comment
  • SandRidge Permian Trust: Solid Results, Fairly Valued [View article]
    the SEC does nothing? performances are so poor that we can certainly call fraud a fraud, imho
    as they promised the moon, they should be forced to drill additional wells in order to compensate buyers: otherwise we can think they are drilling bad wells with the sole purpose of defrauding who provided them money.
    Aug 7 12:27 PM | Likes Like |Link to Comment
  • Kurdish oil to be seized following order and arrest warrant [View news story]
    actually not, peace is great for *honest* business and commerce.
    Jul 30 06:24 AM | Likes Like |Link to Comment
  • Tesla Motors eyes manufacturing in Europe [View news story]
    I believe you can not go (legally) @ 180km/h in Germany. Germans test these speeds only when in vacation in Italy ;-) (it is also not legal in Italy, but there is not the German Police... well now there are electronic detectors so everything is a bit less easy...)
    Jun 12 08:03 PM | Likes Like |Link to Comment
  • Tesla Motors eyes manufacturing in Europe [View news story]
    they are already bringing down the entire EU :(
    Jun 12 07:59 PM | Likes Like |Link to Comment
  • ZEW: ECB is creating dangerous bubbles [View news story]
    yes, German government must do some action, like exiting from the Euro, and stop the easy export dumping of the European China. Without of these 200B of extra export, "friends" in South Europe will finally be able to breath.
    Jun 10 03:18 PM | Likes Like |Link to Comment
  • EU asks Bulgaria to stop work on Gazprom's South Stream pipeline [View news story]
    EU is a bunch of stupid bureaucrats. First they mess up Lybia. Now Russia. We are going to burn coal (actually we already do).
    Jun 3 06:19 PM | Likes Like |Link to Comment
  • Whiting's Production Estimates Lead To $9.90 Fair Value For Trust II, 24% Downside [View article]
    with today drop the game is not interesting for shorts, no more. Assuming that all the assumptions in this article are correct (I don't know but let's say), and adding a valuation error of about 10%, we are at $11. Then the shorters must pay the distributions of shorted shares, that is good money, so they will go to exit before next distribution. Today, around 15 days after div, was the best time for this game, because then there are 2,5 months to exit. If we will let them exit at this price :)
    Jun 3 05:57 PM | 3 Likes Like |Link to Comment
  • EPA to propose power plant emission cuts [View news story]
    short at these prices? I am for clean energy but we will have years and years of transition
    Jun 2 04:47 PM | Likes Like |Link to Comment
  • Japanese, U.K. shares, U.S. stock futures rise [View news story]
    it's "labor day", in most Europe it is May 1st
    May 1 07:39 AM | Likes Like |Link to Comment
  • NYT: Petrobras hobbled by scandal and stagnation [View news story]
    government intervention and bribes are not exactly a news. it has always gone this way there. the price sometimes is up, sometimes is down. right now it seems a lot down to me. of course it pays to be prudent but this is a oil player with *big* reserves.
    Apr 16 05:14 PM | Likes Like |Link to Comment