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European banks are higher and the euro flat after Japan pledges to join China in helping to prop...

European banks are higher and the euro flat after Japan pledges to join China in helping to prop up one of their best customers. Separately, Portuguese PM Socrates denies the need for a bailout. Euro buys $1.2946. Stoxx 50 +0.89%. Portugal +1.65%.
Comments (4)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Japan? Propping?

     

    That's like using paper towel tubes to construct your foundation. This global ponzi is closer to critical mass than I first suspected.
    11 Jan 2011, 07:34 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    1) The size they are pledging to buy is ridiculously small.
    2) They are German backed bonds.

     

    People just don't do the Math. This is NOT news.
    11 Jan 2011, 09:36 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    agree Harry. The fact it is allowed to be news is what makes this more propaganda "frosting" rather than real solutions.
    11 Jan 2011, 09:40 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (540) | Send Message
     
    www.zerohedge.com/arti...

     

    :)
    11 Jan 2011, 09:42 AM Reply Like
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