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Cde Monomotapa
#1391 Posted : Wednesday, September 07, 2011 7:21:41 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Or should I be more concerned about the existance of the Euro as a whole Laughing out loudly Laughing out loudly
hisah
#1392 Posted : Wednesday, September 07, 2011 12:38:53 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Euro rescue suits rejected by Bundestag... The fuse has been lit...

http://www.bbc.co.uk/news/business-14817440
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
cnn
#1393 Posted : Wednesday, September 07, 2011 12:57:59 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
[quote=hisah]Euro rescue suits rejects by Bundestag... The fuse has been lit...

http://www.bbc.co.uk/news/business-14817440[/quote]
Outright rejection of Germany bailing out Eurozone members would have been worse.
Mainat
#1394 Posted : Wednesday, September 07, 2011 1:09:25 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Hisah- don't think the court had any choice-staring over a cliff. A rejection of Merkel's EU support would have harmed Germany in the long-term.

Still think Greece will capitulate
Sehemu ndio nyumba
Scubidu
#1395 Posted : Wednesday, September 07, 2011 2:33:21 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
[quote=hisah]Greece gubberment bond 1yr yield @88.5%... I won't post the graph. It is very 'scary' to look at... Don't forget today is when Bundestag rules on German's bailout of Greece et al who somehow have run broke after trillions were pumped last yr by ECB.

@kizee1 & @scubidu will lavish that yield chart as well as other bond traders...

There's fire in the hole today in euroland... Global trading desks are antsy...

http://www.bloomberg.com...uote?ticker=GGGB1YR:IND[/quote]

Hiii. Scary graph indeed. That's some premium. Locally our yields seem to be dropping today ... I'm happy.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
hisah
#1396 Posted : Wednesday, September 07, 2011 2:46:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@mainat - Greece will still crash. It is inevitable with such bond yields. The 10yr bond yield is now at 20% - a Euro era record! The 1yr yield is now @85%. Default coming soon...

@cnn - it doesn't matter whether the rejection was outright or partial. The decision itself says a lot. I don't think this euro experiment will last beyond 5yrs. The SNB 10% devaluation of the swiss franc in favour of euros yesterday points a lot to the desperation of maintaining the status quo against all odds... We no longer have free markets with CBs intervening in markets everywhere... Even in KE, CBK is intervening all the time... Broken markets this smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1397 Posted : Wednesday, September 07, 2011 9:22:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And before I doze off, the Greek 1yr yield is now at 96.95%... Kaboom!

http://www.bloomberg.com...uote?ticker=GGGB1YR:IND - 1yr
http://www.bloomberg.com...uote?ticker=GGGB2YR:IND - 2yr
http://www.bloomberg.com...uote?ticker=GGGB5YR:IND - 5yr
http://www.bloomberg.com...ote?ticker=GGGB10YR:IND - 10yr
http://www.bloomberg.com...ote?ticker=GGGB30YR:IND - 30yr

But alas! Global stocks are rallying like nobody's business... Mr. Market being 100% himself...

November will be interesting...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
kenyainvestor
#1398 Posted : Thursday, September 08, 2011 12:54:54 AM
Rank: Member

Joined: 7/12/2011
Posts: 194
Italy and Spain pass austerity measures: http://english.aljazeera...09/2011972097227217.html
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hisah
#1399 Posted : Thursday, September 08, 2011 7:24:05 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
[quote=kenyainvestor]Italy and Spain pass austerity measures: http://english.aljazeera...9/2011972097227217.html[/quote]

Greece did the same last yr, remember... Then a $1 trillion package was put up in euroland to prevent other EU member states from getting their bug. But alas! We are back again to the same spot & worse of...

Boring game this since 2008... This show needs to end for the episodes are too predictable if not the same...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1400 Posted : Thursday, September 08, 2011 7:51:37 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Cde will like this - http://bit.ly/mOrns5
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
543 Pages«<138139140141142>»
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