Irish Bank Strategy NoteBelieve Ireland To Be A Model of Austerity Implementation But
the Facts Beg to Differ!
Explicitly Forwarned, Greece Is Well On Its Way To Default, and
Previously Published Numbers Were Waaaayyy Too Optimistic!
The Pan-European Sovereign Debt Crisis, to date:
1. The
Coming Pan-European Sovereign Debt Crisis – introduces the crisis
and identified it as a pan-European problem, not a localized one.
2. What
Country is Next in the Coming Pan-European Sovereign Debt Crisis? –
illustrates the potential for the domino effect
3. The
Pan-European Sovereign Debt Crisis: If I Were to Short Any Country,
What Country Would That Be.. – attempts to illustrate the highly
interdependent weaknesses in Europe’s sovereign nations can effect even
the perceived “stronger” nations.
4. The
Coming Pan-European Soverign Debt Crisis, Pt 4: The Spread to Western
European Countries
5. The
Depression is Already Here for Some Members of Europe, and It Just
Might Be Contagious!
6. The
Beginning of the Endgame is Coming???
7. I
Think It’s Confirmed, Greece Will Be the First Domino to Fall
8. Smoking
Swap Guns Are Beginning to Litter EuroLand, Sovereign Debt Buyer
Beware!
9. Financial
Contagion vs. Economic Contagion: Does the Market Underestimate the
Effects of the Latter?
10. “Greek
Crisis Is Over, Region Safe”, Prodi Says – I say Liar, Liar, Pants on
Fire!
11. Germany
Finally Comes Out and Says, “We’re Not Touching Greece” – Well, Sort
of…
12. The Greece and the Greek Banks Get the Word “First”
Etched on the Side of Their Domino
13. As
I Warned Earlier, Latvian Government Collapses Exacerbating Financial
Crisis
14. Once
You Catch a Few EU Countries “Stretching the Truth”, Why Should You
Trust the Rest?
15. Lies,
Damn Lies, and Sovereign Truths: Why the Euro is Destined to Collapse!
16. Ovebanked,
Underfunded, and Overly Optimistic: The New Face of Sovereign Europe
17. Moody’s
Follows Suit Behind Our Analysis and Downgrades 4 Greek Banks
18. The
EU Has Rescued Greece From the Bond Vigilantes,,, April Fools!!!
19. How
BoomBustBlog Research Intersects with That of the IMF: Greece in the
Spotlight
20. Grecian
News and its Relevance to My Analysis
21. A
Summary and Related Thoughts on the IMF’s “Strategies for Fiscal
Consolidation in the Post-Crisis
22. Euro-Gossip
Debunked, Courtesy of Trichet and the IMF!
23. Greek
Soap Opera Update: Back to the Bailout That Was Never Needed?
24. Many Institutions
Believe Ireland To Be A Model of Austerity Implementation But the Facts
Beg to Differ!
25. As I Explicitly
Forwarned, Greece Is Well On Its Way To Default, and Previously
Published Numbers Were Waaaayyy Too Optimistic!
26. LTTP
(Late to the Party), Euro Style: Goldman Recommends Betting On
Contagion Risk In Portuguese, Spanish And Italian Banks 3 Months After
BoomBustBlog
Latest Pan-European Sovereign Risk Subscription Research – The Good
Stuff!!!
Actionable
Intelligence Note For All Paying Subscribers on European Bank Research –
This was certainly one very timely call!!!
A
Review of the Spanish Banks from a Sovereign Risk Perspective –
retail.pdf
A
Review of the Spanish Banks from a Sovereign Risk Perspective –
professional
Ireland
public finances projections_040710
Spain
public finances projections_033010
UK
Public Finances March 2010
Italy
public finances projection
Greece
Public Finances Projections
Banks
exposed to Central and Eastern Europe
Greek
Banking Fundamental Tear Sheet
Italian
Banking Macro-Fundamental Discussion Note
Spanish Banking Macro Discussion Note
Reggie is devestating. Hard cold data of the real world cannot be ignored.
You can say everything is OK for while but in the end, reality will out.
They can pump the markets up, produce doubtful economic data and repeat that the recovery is good, but when the well is dry you eventually begin to die of thirst.
So when is this snow ball going to pick up pace?
Reg, I hope we don't end up losing you to a "Frank Grimes Moment" at some point.
http://blogs.reuters.com/wp-content/uploads/2007/02/FrankGrimes.gif
Before responding to the virtually ubiquitous ZH poster "HarryWanger", please be aware of just whom and what you are dealing with in this person:
http://www.minyanville.com/businessmarkets/articles/AAPL-apple-gm-psycho...
His real name is James Kostorhyz, and he is here posing as a troll in dishonesty and in disregard for the fundamental purposes of this forum. He is NOT posting here in good faith, but is purposely antagonizing those with independent, anti-establishment views and opinions for his own selfish and cynical purposes, as part of a study on "the psychology of permabears".
He believes that anyone who opposes the current widespread fraud, corruption and rampant lies within our societies and governments are "utopian" and unrealistic, pollyannish dreamers.
And for those ZeroHedgers who are advocates of sound money backed by gold, this bankster shill is already out there with one of the most disingenuous, dishonest pieces of pro-establishment propaganda on the topic, expounding on how such financial integrity is "impossible", and merely "the rants of an ideological fringe":
http://finance.yahoo.com/news/The-Gold-Standard-Solid-as-minyanville-285...
Please do NOT respond to this reprehensible troll, here or anywhere else on ZeroHedge. He is NOT here in good faith, and should be shunned!
It was the teeth but as for the permabear psychology part that's quite simple' Harry believes we live in the best of possible worlds & while most ZH'ers fear that's true. To think he nearly turned me bullish today
An arguement could be made that there is a doomsday bomb that can't defused, only the explosion delayed. If that be the case, The Powers That Be are in some ways behaving as the good guys and (some) ZHers are indeed dangerous utopians that think that when the status quo crashes something better could arise. Exposing the fact that gold bullion banks are empty, or that silver is manipulated, etc., etc., could hasten economic collapse, WWIII, and the deaths of billions (not mere millions) of people. I own precious metals out of fear, not greed. Becoming wealthier doesn't matter if I die shortly afterwards amongst general chaos.
What do you mean by 'when the status quo crashes, something better could arise' utopian belief thingie?
Of course, a lot of ZHers hope for something better to arise, a new social order that would put them on top. That's their only criterion to determine whether the following system will be better than the previous.
The vested interest in all this scrambling.
Argumentation is no better than on many other sites. Each group manages their own lies in order to keep their beliefs system up.
Sorry, I find your argument specious and absurd.
You would have us believe that fraud, lies and corruption are all OK, just as long as the general public doesn't know about them? Are you SERIOUS?!
Where fraud and corruption exist, they are NEVER going to lead to any long-term or general good --- NEVER! I cannot believe that anyone would even seriously suggest otherwise.
The truth is never your enemy, unless you willingly make it so.
Reggie, any thoughts on the next to be downgraded? If Ireland is downgraded will that be the domino to knock over the rest?
Lastly, if you were retired living in Euroland where would you be stashing your cash?
Really, really lastly, where are people in Euroland putting their cash? I know the Greeks are jumping ship but what are the rest of them doing?
I believe you are correct Reggie, equity markets are underestimating the severity of the crisis. I think it's two fold. One, it's like a car wreck and many are going along seeing this may just be a european problem (especially if they don't have anything invested in that area of the world). And two just like the boy that cried wolf, they believe that another problem another solution that the govt. will fix without to much or any pain to them. Many have been fooled by the fiscal tricks that has been going on since the middle of 2008 and they think that the economic recession was stopped, that cannot be further from the truth. The US and UK had papered over much of the problems and never fixed the main issues at hand. Now the weak links in debt chains are coming apart and we are starting to see the first of the few Black Swan events that will force the hands of the western banking system to either go severe austerity and/or inflation/hyperinflation with default.
Don't you get tired of kicking every one's can Reggie?
Hopefully, you alternate legs on your daily aerobic workouts.
I don't refer to it as a rally in US stocks since it was really a taxpayer subsidized recapitalization of the corporate sector. That's why you hear companies are "flush with cash". Where do you think they got it? Record secondary offerings and junk bond issuance. In fact it got so out of hand that Ford this week had to lie about its number of shares outstanding to make EPS look good.
Moneymutt: Hide in gold. Also look at currencies going up against the USD. Perhaps New Zealand, Brazil, poss Norway for gild-edged finances. And if you don't have enough $$ to afford Reggie's service, enjoy all his free stuff and be careful with what you do have.
The shadow banking system is the problem and needs to be stood down before the debt the debt problem is attacked.
gold and silver. part time work at the bakery and be friendly to the butcher.
in my golden kennel on a little island just off the Spanish coast.
the climate is nice, the food is mild, and fruit grows on trees in the countryside right throughout the winter for the human types.
Reggie - throw a poor dog a bone...where do we hide...
Climb the social ladder of lets say US society. At top, you will be perfectly secure. Or as secure as it is possible to be.
go long corruption.
I'm thinking fortified Amish farm.
Thank you Reggie. Research pays off .
Shift away from credit fueled Ponzi growth OF COURSE sends panic thru the mafia pyramid scheme builder world financial systems!The mafia doesnt like it when one of their own goes straight, and I cant wait for the knee-cappings to commence!
"We now believe that the Spanish economy’s shift away from credit-fueled economic growth is likely to result in a more protracted period of sluggish activity than we previously assumed."
I would think that shifting away from credit-fueled growth is a step in the right direction, even if it doesn't give instant phantom returns and cheery-faced reports. Why or why not?
Think of Spain, Portugal and Greece as the sort of place where people living in places like Germany or Belgium like to go on vacation to, but wouldn't want to live there permanently as these places simply dont offer anything else exept nice food and mild climate. It's like the US declaring Mexico the 52nd state and everybod wating to move there.
"It's like the US declaring Mexico the 52nd state and everybod wating to move there."
The US has Californication which is the equivalent to Europe's Club Med nightmare.
Nobody talks about the Californication anymore now that the Club Med is center stage.
Make no mistake. The US is worse off than the Euro Zone. At least the Euro Zone is attracting billions of investment dollars from the Arabs, the Russians and the Chinese.
In fact, Greece could have sold its debt to China but was told not to.
By whom you ask? The same that have been financing Greece for years and helped Greece cooking the books. The fingerprints are so huge on this corruption that they're visible from Mars.
THE IMPOSSIBLE DREAM:
http://www.blogger.com/post-edit.g?blogID=7620783937287630988&postID=363...
EMERGENCY!:
http://www.youtube.com/watch?v=qOZuLD1u_K4