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Looks like we can all go home now. An ECB official tells a reporter for Italy's Linkiesta,...
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Sunday, August 7, 2011, 8:16 AM ETLooks like we can all go home now. An ECB official tells a reporter for Italy's Linkiesta, "Don't worry, ECB will buy Italian bonds to calm this eurozone turmoil."
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Lets see whether, or how long the markets will buy this...
QE 3 is in the works.This time it will be more powerful as feds will not only buy stocks but also houses.watch out shorts.If you know Ben He will not let this market crash at any cost.Time to buy stocks.
long bgu.tna as of friday..
Looking back, after the downgrade, maybe foolhardy.
But I hope you make a million with them.
Seriously?
Has anyone got an actual ECB statement about this? They have about 10 hours to issue a statement if they want to have any effect on the early markets. I read they are meeting on Sunday afternoon.
I think Goria is trying to make light of this bureaucrat's curious confidence that this set of ECB purchases will stem the EU debt issues any more than previous sets of buys did.
Printing money maintains the status quo, benefittting the upper and lower classes at the expense of the middle class....
The ponzi continues unabated...
Here is a selection on the aftermath of the debt ceiling confrontation in the US. Essentially the view abroad is that the US crises is essentially political; an ever-increasing political deadlock of growing toxicity.
www.economist.com/node...
www.economist.com/blog...
www.theglobeandmail.co.../
Here is a selection on the EU. Essentially the view within the EU is that the leaders of the major EU member States have for too long simply managed each stage of the fiscal and economic crises rather than tackled the root causes.
www.economist.com/node...
www.economist.com/node...
business.financialpost.../
www.irishtimes.com/new...
www.guardian.co.uk/bus...
ecfr.eu/content/entry/...
www.dw-world.com/dw/ar...
It seems that the game of "whack-a-mole" has crossed the pond. Unfortunately for the EU, it appears that each successive mole is substantially larger than the "hammer" used for "whacking".
Right you are.
Unfortunately, there is a real (hopefully not large) possibility that ‘the game of "whack-a-mole"’ will at some point later this year return to North America to the grief of some US States, Canadian Provinces and Local Governments in both our countries.
I'm sure that I'm not the only one that will be watching what sort of effect S&P's downgrade of US debt will have on munis. (Even though I have no holdings in that sector).
to whoever on SA is doing the global n fx market currents - excellent job- love the humorous asides, have added these to my own company facebook page due to your inspiration (suggest you start keeping lists of various European language curse words - good for a laugh if sprinkled in occasionally
to Mr. Adamson, for his always educational & useful comments
www.youtube.com/watch?...
Watch the last 6 mins as to why.
www.bing.com/videos/se...
Very true.
Both the German banking system (which is more fragile than most assume) and German exports to southern Europe (which are a large component of Germany's economic demand) would tank if the EU and Euro implode.
The EU goes from crisis to crisis without actually solving anything. Their crisis are no longer even crisis. They are just the permanent state of being for them. What happens to Greece is not an extraordinary event since it has been going on for 2 years now. We can go home because we know they aren't going to solve anything this time or next or the next. We can go home because we know this fire will burn down the house. If not now later. There is no one around in Europe who is even willing to put up an honest effort to put out the fire.