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Subdude commented Oct 27, 2011Very good article. I tend to concur that ECB will have to cut, and likely print on top of that - they have no choice. Possibly announcing it next week. EUR bulls - watch out below soon.
Europe's rescue euphoria threatened as Portugal enters 'Grecian vortex'
- Subdude commented Oct 27, 2011
If banks are to take a 50% haircut, doesn't that automatically imply billions of losses for them? So how is this bullish?
EU official: Banks to take 50pct cut on Greek debt
- Subdude commented Oct 26, 2011
This kinda reminds me of AIG circa 2008, only with a much smaller leverage.
Sarkozy Estimates EFSF Bailout Fund worth $1.4 Trillion
- Subdude commented Oct 26, 2011
According to Sarkozy, a 50% haircut to bondholders is not a default? Why does anyone still pay attention to these clowns anyway?
EU leaders reach crisis deal
- Subdude commented Oct 26, 2011
Is this the same type of leveraging that AIG was using to insure subprime crap? That worked out so well for the insurer.
EFSF to be leveraged “several fold” Euro zone draft via Reuters
- Subdude commented Oct 21, 2011
Are you being sarcastic?
'Too big to fail' foe picked for top FDIC post
- Subdude commented Oct 18, 2011
So how's that game of Monopoly going?
Report EFSF Firepower To Reach EUR2T "Totally Wrong"
- Subdude commented Oct 18, 2011
EU shorts will do alright once the smoke clears.
Germany And France Have Reached Agreement On A €2 Trillion Plan To Rescue The Euro
- Subdude commented Oct 18, 2011
So they are going to print more euros to save the euro? What a brilliant idea!
Germany And France Have Reached Agreement On A €2 Trillion Plan To Rescue The Euro
- Subdude commented Oct 16, 2011
EUR/USD has been tightly correlated with equity markets along the last rally. I fully expect a vertical plunge to under 1.29 when reality hits home, once again. Governments backstopping liquidity shortfalls is never positive for any currency.
Preview - Markets call time on Euro elite
- Subdude commented Oct 10, 2011
Q: Define a hot air balloon about to pop, please? A: J-C Trichet.
Trichet Reminds U.S. Euro Built to Last
- Subdude commented Oct 9, 2011
I don't read between the lines - sorry. I did read all the lines though. The tech analysis section is utter garbage. Whether you like it or not, Bernanke has repeatedly pledged explicit support for risk asset values, and there is nothing anyone can ...
The S&P 500 at 100? Not as farfetched as you think
- Subdude commented Oct 8, 2011
This might be possible in a perfect world, but the Fed would never allow it to happen.
The S&P 500 at 100? Not as farfetched as you think
- Subdude commented Oct 4, 2011
This is possible but requires more news about concrete steps from the EU finance officials as opposed to empty rhetoric about "solidarity with Greece". Also be careful around the U.S. employment numbers release.
Moody's downgrades Italy's government bond ratings to A2 with a negative outlook
- Subdude commented Oct 4, 2011
What koolaid? You don't think bank recapitalization in preparation for the default by Greece is a good thing? And what about debt restructuring? I never said the default would be possible to avoid - don't try and read between the lines... unless of ...
This Is The Story That's Made The Market Come Surging Back
- Subdude commented Oct 4, 2011
Actually, this is a step in the right direction, but there's a lot more work to be done for them. Getting Greece quarantined and properly guided through the controlled default is essential, as is committing to no more bailouts.
This Is The Story That's Made The Market Come Surging Back
- Subdude commented Oct 3, 2011
Juncker should be junked.
Greece default not an option, says Jean-Claude Juncker
- Subdude commented Oct 3, 2011
Fundamental value is highly subjective. Some (like you) see it much lower, yet for others it is actually higher, at least contingent on proper monetary policies by the central banks. I happen to remember that about 1.5 years ago when EU was trading ...
Euro Plunges After Draghi Says Eurobanks Have Liquidity Crisis, Finland & Spain FinMins Say No...
- Subdude commented Oct 3, 2011
The EU needs to start planning for the default instead of playing the smoke and mirrors game. That is - figure out which lenders to Greece get paid first, which last, how much and when. This also involves determining who will take a total loss. This ...
Euro Plunges After Draghi Says Eurobanks Have Liquidity Crisis, Finland & Spain FinMins Say No...
- Subdude commented Sep 27, 2011
Merkel is done for in Germany - no way is she getting re-elected.
Merkel: Germany wants a strong Greece