Equities jump an additional 0.5% and the euro pops 100 pips in the space of a few minutes after...


Equities jump an additional 0.5% and the euro pops 100 pips in the space of a few minutes after an official offered further US support for European bailouts. S&P500 +2.2%, euro +1.31%
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Comments (5)
  • dieuwer
    , contributor
    Comments (2924) | Send Message
     
    We'll see what Congress has to say about that.
    1 Dec 2010, 12:39 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (840) | Send Message
     
    O yeh, another clown convention, lol
    1 Dec 2010, 01:30 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (562) | Send Message
     
    Well, I'm still trying to figure out who said it. Let's assume it was a a Treasury official who was trotted out by Tim Geithner. Geithner's main talent (going back to the Mexico bailout in 1994) seems to be a genius for using existing laws/frameworks to allow the Treasury or the Fed to fund things that would generally be thought of as needing Congressional approval.
    1 Dec 2010, 12:50 PM Reply Like
  • nyuszika45
    , contributor
    Comments (625) | Send Message
     
    Given this Imperial presidency, who needs Congress?

     

    Can't it all be "orders" and "rules", now?

     

    If SCOTUS can find/develop/use/invent an almost completely "new" Constitution, rights and authorities, what is to stop the Exec?
    1 Dec 2010, 01:16 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (840) | Send Message
     
    Nice move to burn the Euro shorts. Nothing has to occur, just need the 800 lb gorilla in the room, lol.
    1 Dec 2010, 12:55 PM Reply Like
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