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paging Geoffrey Raymond
as the rate hike in summer 2008 this one will be the start of a new deal
once the EFSF runs out of capital, or outright fails
Just give them some time to get a retail ucits ETF put together and they are back in business. Or they can sell it here... our computers will buy anything.
PS- this was hysterical.. "On Germany: Trichet dismisses the idea that the ECB focuses on Germany more than any other country"... that's like saying The Squid doesn't focus on prop trading more than anything else. lol.. Can't bite the hand that feeds.
So how is SPAIN doing today......this has to hurt them....
All good, apparently. They had a happy debt auction and then they stated they would never need a bailout.
But then you should never believe anything until it's been officially denied.
IBEX? +0.60% alls is good China is going to buy 6B€ corrida debt
Spain say they don't need a bailout. That's great; so did Ireland, Greece and Portugal.
They say their economy is more powerful but at 20% employment, I'd say they're skirting negative growth like the rest of europe.
The more books I read about economics, especially the Austrian schools, the morge disgusted I get seeing this big show about interest rate setting.Everything from the price at the pump to the savings interest one gets relies on the way Trichet or Bernanke blink their eyes or cough.
Welcome to the Soviet Union of Europe. Or shall I say United Nations of Debt?
I assume the only thing one can do to save what's left of society is to put oneself on the Gold Standard.
One day, not far away, there will be demonstrations where the EU flag will be burned.
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