The possible scenario that I pondered in ‘Chain Reaction’ obviously is not going to happen. . Our Dear Leaders have seen to that. So I feel an apology is in order The Dear Leaders made ‘good’ on Friday’s rumour of the total bail out solution. So no melt down. Maybe you should all go and …
First off thanks to Lars. For those of you who haven’t had had a chance to read his contribution under ‘Things to Consider Next Week’ I think its worth a read or read the Guardian original under ‘EU Financial Crisis – live blog’. Second – The point is two fold – the dangers of short …
The EU/ECB ‘rescue’ package is on its way to a melt down today. First shot – The UK at today’s emergency meeting of finance ministers, has said it won’t be part of the proposed EU stability fund. That leaves a hole in the finances but a much bigger one in the political credibility. Second shot …
From now on, whether the issue is economic, financial or political, it is no longer a matter of agreements but of enforcement. The Greek government has agreed to accept the dictates of the IMF and Germany/EU. But can they enforce this agreement on their people for five weeks, five months or the five YEARS it …
Since March experts have been saying there will be a market correction. Citi advised 10-20% from the highs. Jim Rogers 15-20%. In case you don’t know, Mr Rogers is co-founder of Quantum find with George Soros. And together they were the ones who broke the pound on Black Wednesday. Quantum is base off-shore in Curacao …
Monday the journalists and experts will focus on the EU bank bail-out. At €70 billion it is laughably small. Too little, too late will be the summary from the markets. Its a bit like setting a Chihuahua to guard a room full of Rottweilers. It’s a snack not a deterrent! For me, this is not …
How long will any coalition last? That is the question most pressing for the bond market. They already know, whatever the complexion of the coalition, it will not be able to withstand huge public unrest if any were to surface. A Conservative led coalition will be more pliable when it comes to cuts, of course. …
Bond market asks – How long can any coalition last? Read More »
The EU leaders met and today confirmed they are going to set up a new fund to, as Jose Barroso, the Commission Head said. “defend the euro at all costs.” Oh dear. Politicians still think this is about saving the euro and stabilising the system. In fairness, I am sure many in the banks and …
It looks very much as if we are in for a rough few weeks at least. So I wondered if now might be a good time to consider what “rough” means in trading terms? Rough means volatile. So what is volatility to modern trading? In a word, everything. Volatility is why, what is happening to …
There is a rumour going around that this weekend the ECB will announce a new loan facility of €600B to bail out the banks again. The rumour says the ECB will provide 1 year loans to 1100 banks at 1%. If it were true, and I don’t think it is, but if it were then …
Rumour of 600 Billion euro ECB bail out for banks. Read More »
