Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's Mohamed El-Erian. By approving a €10B package, Europe has called on Cyprus to find an additional €6B euros to cover what is now a larger funding hole. It now needs to generate a total of €13B, which is a daunting sum for such a small country. The Troika, says El-Erian, has now botched a Cyprus rescue twice in less than a month. The implications cannot be good for Cyprus - nor for Europe as a whole. [View news story]
Tack,
You put it well; but I would only agree with you to a certain extent, not arguing for the last word.
Recall the 1981-82 debacle of interest rate soaring to a peak of 18%? Printing is fine and great only to a point when inflation takes off. There is a thing called hyper-inflation!
Thanks again, Tack, your persuasion power is admired!
Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's Mohamed El-Erian. By approving a €10B package, Europe has called on Cyprus to find an additional €6B euros to cover what is now a larger funding hole. It now needs to generate a total of €13B, which is a daunting sum for such a small country. The Troika, says El-Erian, has now botched a Cyprus rescue twice in less than a month. The implications cannot be good for Cyprus - nor for Europe as a whole. [View news story]
Tack, to a certain extent your argument is valid. But it depends.
The latest news is that the Troika would likely approve another trounche of bailout funds to Greece after conclusion of their recent on-site review visit.
Get this right. Payments mean money wired from the Troika to the Greek government, then within seconds, would take a round trip being wired back to the loaning EU (mostly German) banks, as part of the interest due on the outstanding loans which are growing bigger and bigger accruing to the principal sum.
So how long could the EU/Euro continue in this mode of operation?
Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's Mohamed El-Erian. By approving a €10B package, Europe has called on Cyprus to find an additional €6B euros to cover what is now a larger funding hole. It now needs to generate a total of €13B, which is a daunting sum for such a small country. The Troika, says El-Erian, has now botched a Cyprus rescue twice in less than a month. The implications cannot be good for Cyprus - nor for Europe as a whole. [View news story]
Wrong, dead wrong.
Look at the Bum, a self-styled epic social activist like the Cinderella! That my friend, is the trend, and going against the trend will get you crushed.
Market is extremely bullish, discounting any negatives such as the $6T and growing deficit, the sequestration, the 88k 'new jobs', the dismal March retail sales, the Cyprus, Portugal, Ireland, Spain, Slovenia, France, Italy, UK negatives, while hyping and magnifying any slightest good news.
Fisker Automotive, the struggling government-backed hybrid sports car maker, terminates 75% of its staff in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. The company, which raised $1.2B from investors and tapped nearly $200M in government loans, has only around $30M in cash remaining. About 160 workers were fired at a Friday morning meeting at its Anaheim, Calif., headquarters, and were told that the company couldn't afford to give them severance payments. [View news story]
Yeah, nemonemo, losers could sometimes be called 'loosers' too, as a bunch of 'these let loose'; concurred.
Fisker Automotive, the struggling government-backed hybrid sports car maker, terminates 75% of its staff in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. The company, which raised $1.2B from investors and tapped nearly $200M in government loans, has only around $30M in cash remaining. About 160 workers were fired at a Friday morning meeting at its Anaheim, Calif., headquarters, and were told that the company couldn't afford to give them severance payments. [View news story]
Talk about government investing and managing business!
The wonder boy rolled the dice again! So much so for that bookish Nobel Laureate who couldn't even recognize a spark plug under the hood, let alone any practical knowledge in building and marketing 'Green Cars'!
The Bum only goes with academic credentials when selecting his lieutenants, like summa cum laude, Phi Beta Kappa, Rhodes Scholar,...Yep, it's all Academic like the Bum!
Do as the Bible says. The Bible is always right. The Bible is the Doctrine and the one and only. Deviate from the Bible gets you into deep hot water.
A guy like King James I was smart, brought out the 'Rack'; in a matter of hours he's got the names of all the co-conspirators. Bible James is a screaming buy!
True, good old Slavery was invented from time in Memorial, in the earliest beginning time of documented human history, during the Abraham and Sara era, where Ismail was born out of a slave girl from Egypt.
"Slovenia next," said Tyler Cowen yesterday. As eurocrats come forward to declare than deny Cyprus' bail-in of depositors is the new EU rescue template, traders unload Slovenian paper, with the country's bond due in 2024 climbing 36 bps in yield to 6.26%. Near the close, Europe's about flat, but the periphery sinks: Spain (EWP) -1.7%, Italy (EWI) -1%. [View news story]
Yep, certainly, reminds me of the German protagonist Faust, only so well.
"Slovenia next," said Tyler Cowen yesterday. As eurocrats come forward to declare than deny Cyprus' bail-in of depositors is the new EU rescue template, traders unload Slovenian paper, with the country's bond due in 2024 climbing 36 bps in yield to 6.26%. Near the close, Europe's about flat, but the periphery sinks: Spain (EWP) -1.7%, Italy (EWI) -1%. [View news story]
When the EU first started in 1957 it was an Economic Community consisting only of 7 Northern European countries, and everything was fine and dandy.
MI, would you happen to know why it expanded so fast and so relentlessly, and recklessly?
You're probably correct in your observation, in structured manufacturing only. Service jobs need folks to do menial labor which could not be replaced by robots, such as, repairing a rooftop, mowing the lawn, painting a house exterior and interior, refinishing my swimming pool, maintaining my swimming pool, trimming shrubs, mulching and weeding the garden, power washing my deck and fence, collecting garbage, so on and so forth.
That is why the bum is pushing for legalizing the 11M illegal. It is all driven by greed, for cheap labor and votes.
Haven't you read this about Hong Kong SAR of late? Their Court of Final Appeal denied two Filipino domestic servants application for permanent residence even after 7 years of legal work permit serving the Hong Kongites.
The United States is about the only country left in the Western world to grant automatic citizenship by birth to illegal and visitors. Once you crossed into this country by hook or by crook, you immediately gain all the rights and privileges under that Law, even to the ER. Legalization more illegal would only encourage more and more illegal, it is that simple.
So, two disappointed Filipinos, go to the United States now.
More on Case-Shiller: Prices for the 20-City Composite rose 8.1% Y/Y in January, with all 20 cities higher - including NYC which went green after more than 2 years of negative returns. The gain brings national home prices to their autumn 2003 level, and about 30% below the summer 2006 peak. (full report) [View news story]
Okay, so how much longer could the professor hold ZIRP?
Not a matter of if but when. Expect to see 'gradual' uptick towards the end of 2013 if home prices continue its current climbing trend. There is no other way!!
The BRICS - frustrated at being kept out of leadership roles in the World Bank and IMF despite their growing relevance - are set to approve the formation of competing establishments during their annual summit launching today. "We need to change the way business is conducted in the international financial institutions," says South Africa. "They need to be reformed." [View news story]
When that investment is intertwined with politics, I would say a comment is prudent and even timely, so long as it is not engaged in personal attack, which, in this case, is this response to my post above.
Good! Obviously the vaccine injected into the patient seems to work. The 'extremist' has reacted accordingly. No further dose is needed.
Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's Mohamed El-Erian. By approving a €10B package, Europe has called on Cyprus to find an additional €6B euros to cover what is now a larger funding hole. It now needs to generate a total of €13B, which is a daunting sum for such a small country. The Troika, says El-Erian, has now botched a Cyprus rescue twice in less than a month. The implications cannot be good for Cyprus - nor for Europe as a whole. [View news story]
You put it well; but I would only agree with you to a certain extent, not arguing for the last word.
Recall the 1981-82 debacle of interest rate soaring to a peak of 18%? Printing is fine and great only to a point when inflation takes off. There is a thing called hyper-inflation!
Thanks again, Tack, your persuasion power is admired!
Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's Mohamed El-Erian. By approving a €10B package, Europe has called on Cyprus to find an additional €6B euros to cover what is now a larger funding hole. It now needs to generate a total of €13B, which is a daunting sum for such a small country. The Troika, says El-Erian, has now botched a Cyprus rescue twice in less than a month. The implications cannot be good for Cyprus - nor for Europe as a whole. [View news story]
The latest news is that the Troika would likely approve another trounche of bailout funds to Greece after conclusion of their recent on-site review visit.
Get this right. Payments mean money wired from the Troika to the Greek government, then within seconds, would take a round trip being wired back to the loaning EU (mostly German) banks, as part of the interest due on the outstanding loans which are growing bigger and bigger accruing to the principal sum.
So how long could the EU/Euro continue in this mode of operation?
Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's Mohamed El-Erian. By approving a €10B package, Europe has called on Cyprus to find an additional €6B euros to cover what is now a larger funding hole. It now needs to generate a total of €13B, which is a daunting sum for such a small country. The Troika, says El-Erian, has now botched a Cyprus rescue twice in less than a month. The implications cannot be good for Cyprus - nor for Europe as a whole. [View news story]
Look at the Bum, a self-styled epic social activist like the Cinderella! That my friend, is the trend, and going against the trend will get you crushed.
Market is extremely bullish, discounting any negatives such as the $6T and growing deficit, the sequestration, the 88k 'new jobs', the dismal March retail sales, the Cyprus, Portugal, Ireland, Spain, Slovenia, France, Italy, UK negatives, while hyping and magnifying any slightest good news.
Long live the wonder boy and the professor!
Go all in now!
Fisker Automotive, the struggling government-backed hybrid sports car maker, terminates 75% of its staff in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. The company, which raised $1.2B from investors and tapped nearly $200M in government loans, has only around $30M in cash remaining. About 160 workers were fired at a Friday morning meeting at its Anaheim, Calif., headquarters, and were told that the company couldn't afford to give them severance payments. [View news story]
Fisker Automotive, the struggling government-backed hybrid sports car maker, terminates 75% of its staff in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. The company, which raised $1.2B from investors and tapped nearly $200M in government loans, has only around $30M in cash remaining. About 160 workers were fired at a Friday morning meeting at its Anaheim, Calif., headquarters, and were told that the company couldn't afford to give them severance payments. [View news story]
The wonder boy rolled the dice again! So much so for that bookish Nobel Laureate who couldn't even recognize a spark plug under the hood, let alone any practical knowledge in building and marketing 'Green Cars'!
The Bum only goes with academic credentials when selecting his lieutenants, like summa cum laude, Phi Beta Kappa, Rhodes Scholar,...Yep, it's all Academic like the Bum!
Mar. Consumer Confidence: 59.7 vs. 68.0 in Feb. (revised). [View news story]
Do as the Bible says. The Bible is always right. The Bible is the Doctrine and the one and only. Deviate from the Bible gets you into deep hot water.
A guy like King James I was smart, brought out the 'Rack'; in a matter of hours he's got the names of all the co-conspirators. Bible James is a screaming buy!
Mar. Consumer Confidence: 59.7 vs. 68.0 in Feb. (revised). [View news story]
There you go, we have the Arabs and Islam!
"Slovenia next," said Tyler Cowen yesterday. As eurocrats come forward to declare than deny Cyprus' bail-in of depositors is the new EU rescue template, traders unload Slovenian paper, with the country's bond due in 2024 climbing 36 bps in yield to 6.26%. Near the close, Europe's about flat, but the periphery sinks: Spain (EWP) -1.7%, Italy (EWI) -1%. [View news story]
Amen and Amen, So Help us God!
"Slovenia next," said Tyler Cowen yesterday. As eurocrats come forward to declare than deny Cyprus' bail-in of depositors is the new EU rescue template, traders unload Slovenian paper, with the country's bond due in 2024 climbing 36 bps in yield to 6.26%. Near the close, Europe's about flat, but the periphery sinks: Spain (EWP) -1.7%, Italy (EWI) -1%. [View news story]
MI, would you happen to know why it expanded so fast and so relentlessly, and recklessly?
An Uncomfortable Bull [View article]
You're probably correct in your observation, in structured manufacturing only. Service jobs need folks to do menial labor which could not be replaced by robots, such as, repairing a rooftop, mowing the lawn, painting a house exterior and interior, refinishing my swimming pool, maintaining my swimming pool, trimming shrubs, mulching and weeding the garden, power washing my deck and fence, collecting garbage, so on and so forth.
That is why the bum is pushing for legalizing the 11M illegal. It is all driven by greed, for cheap labor and votes.
Haven't you read this about Hong Kong SAR of late? Their Court of Final Appeal denied two Filipino domestic servants application for permanent residence even after 7 years of legal work permit serving the Hong Kongites.
The United States is about the only country left in the Western world to grant automatic citizenship by birth to illegal and visitors. Once you crossed into this country by hook or by crook, you immediately gain all the rights and privileges under that Law, even to the ER. Legalization more illegal would only encourage more and more illegal, it is that simple.
So, two disappointed Filipinos, go to the United States now.
Mar. Consumer Confidence: 59.7 vs. 68.0 in Feb. (revised). [View news story]
Oh well, they are still muffed up hiding behind their tax exempt status and do not want to upset the Apple Cart.
I understand.
Mar. Consumer Confidence: 59.7 vs. 68.0 in Feb. (revised). [View news story]
Nightmare and Hell.
More on Case-Shiller: Prices for the 20-City Composite rose 8.1% Y/Y in January, with all 20 cities higher - including NYC which went green after more than 2 years of negative returns. The gain brings national home prices to their autumn 2003 level, and about 30% below the summer 2006 peak. (full report) [View news story]
Not a matter of if but when. Expect to see 'gradual' uptick towards the end of 2013 if home prices continue its current climbing trend. There is no other way!!
The BRICS - frustrated at being kept out of leadership roles in the World Bank and IMF despite their growing relevance - are set to approve the formation of competing establishments during their annual summit launching today. "We need to change the way business is conducted in the international financial institutions," says South Africa. "They need to be reformed." [View news story]
Conspiracy Theory... BlackBerry? [View article]
Good! Obviously the vaccine injected into the patient seems to work. The 'extremist' has reacted accordingly. No further dose is needed.
Congratulations! You're now immunized.