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The WSJ reports Germany, just wanting to get a deal inked, is dropping - for now - its push for...

The WSJ reports Germany, just wanting to get a deal inked, is dropping - for now - its push for restructuring in which private investors would bear losses on their Greek debt holdings. The move is a victory for the ECB, which had threatened the nuclear option if even the slightest restructuring were allowed. The euro and stock index futures shoot higher.
Comments (17)
  • The Geoffster
    , contributor
    Comments (4103) | Send Message
     
    Can anyone explain to me how this ends well?
    30 May 2011, 08:40 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    It doesn't and it only kicks the can down the road.
    30 May 2011, 09:24 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    It only ends "well" for those who are well versed in Keynesian theory, and hold physical gold and silver.
    30 May 2011, 09:35 PM Reply Like
  • LKofEnglish
    , contributor
    Comments (4386) | Send Message
     
    "the gates at the borders remain open." Any questions? I've only been to Europe once--Wurzburg actually--loved it, drove down the Romantic-strasse. would move there if i could afford it. You folks simply should let the experts handle these things and report on what they say and do, nothing more. "It's not even news except LKofEnglish suddenly pounds the table on the thing." And then "the market moves." Two thumbs up for the ECB--and the current American in charge of the IMF.
    31 May 2011, 12:07 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4103) | Send Message
     
    The last time I followed a leader, he led me into a ambush.
    31 May 2011, 08:24 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Pack your shit.
    31 May 2011, 09:23 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    This is true. Once we move through the seasonally weak period I am looking for much higher gold prices.

     

    Also long the dollar as the Euro just cannot maintain this strength. The EU needs a weaker Euro to boost exports in the PIIGS.
    31 May 2011, 02:16 PM Reply Like
  • kmi
    , contributor
    Comments (4304) | Send Message
     
    Greece stared them down and won?

     

    EuroDollar pushing upwards...

     

    I wonder also if the report of Greeks starting to withdraw money from the banks put a bit of a scare in em.
    seekingalpha.com/curre...
    30 May 2011, 08:51 PM Reply Like
  • EMS
    , contributor
    Comments (582) | Send Message
     
    Longs and WS will do well. Especially when they can short when everyone else is broke. I suspect the cue will be the (internal) withdrawal of bank stimulus that no one else will know about. This was their cue to get long in March 2009 after all.
    30 May 2011, 08:52 PM Reply Like
  • Matthew Lewis
    , contributor
    Comments (384) | Send Message
     
    Sad...at some point the market will force the problem to be taken care of...for now they are just delaying the inevitable.
    30 May 2011, 08:52 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1544) | Send Message
     
    Another slap to the hysteria and panic stricken girls of seeking alpha...

     

    Everything is under control, the Eurozone would keep chugging alone....Germany yields keep dropping.....below key 3% on the 10YR.....
    30 May 2011, 09:27 PM Reply Like
  • LKofEnglish
    , contributor
    Comments (4386) | Send Message
     
    "yields pushing lower" is not victory. "hence the bailout of Greece."
    31 May 2011, 12:08 AM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    This wont end well. We have a fire in the middle east, it seems to have gone from Arab Spring as Obama seems fond of thinking to an Arab wild-fire,out of control. The Euro is a failed ideal, it wasn't well thought out. The Greeks lied and that's it, case closed. Let them leave the Euro zone for a few years,5/10 and go back to Drachma's or whatever worthless currency its called. They never should have been let in. This is a freaking joke. Sure, it makes the world of sense, on paper. I bet Bernanke is right also, on paper. But this Japanlike monetary policy is distorting and disequalizing the world's financial system, or what's left of it.
    Let the deleveraging start and finally work its way through. It will be painless as hell. No two ways about it. 50/100 Years of over spending, over leveraging!This has to be unwound. Pure and simple. This is math kids, nothing more and nothing less! Have a say in the outcome? Or the ensuing depression will make fast work of you abdication of responsibility.
    "Fear me you shod and shady senators...Bring before me what is mine, in the seven seas of Rye"..Credit Queen;Seven Seas of Rye circa 1974
    Jerry
    30 May 2011, 09:32 PM Reply Like
  • Barry Crocker
    , contributor
    Comments (454) | Send Message
     
    and just in time for the Asian open.

     

    Cheers !!
    30 May 2011, 09:38 PM Reply Like
  • laogao
    , contributor
    Comments (88) | Send Message
     
    Short term, a "deal" moves markets up. That seems to be where we are today, I'm switching to long through the summer.
    Medium term, we won't be the ones that know when to short, so either get out or get hedged or get brave - I'm watching China to see if I can time a top;
    Long term, we need the system cleaned up so market forces can work the way they should.
    30 May 2011, 11:07 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2897) | Send Message
     
    Just print money and everything will be fine.

     

    It seems that both Chinese and Gulf States stepped in to support ECB, they want Euro to be viable alternative to USD.
    31 May 2011, 03:06 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    It is amazing to me that they are celebrating this today...a bailout....to a country that lies....and where everyone cheats on taxes...amazing..simply amazing...
    31 May 2011, 07:30 AM Reply Like
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