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"a quick tender"
TD, you should enjoy your holidays while they last...
While they last? Soon, we'll all have a lot of holiday.
i have a feeling that consensus here is that you'll be sitting in a bunker full of gold, eating tinned food while holding your gun to protect you wife and 8 children. not really the best holidays... disneyland is better!
As they say...the hardest part of the zombie apocalypse...is waiting for it to happen.
strange double post event deleted for repetitiveness
It's a zombie post.
good god it's started!!!
It is also commonly described in Europe
as 'sterilization', anyhow the mid-term problem
the Germans are dreading is a possible recapitalization
if the amount of 'illiquid' sovereigns purchased
were to balloon slowly
Thus there is a veil of mystery about these
sovereign bonds purchased, which, imho, does
very little to restore the lack of confidence
in most of the European Treasuries,i.e the initial
I was watching Daryl Guppy when he said this on Europe Squawk Box:
“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said."
He also said "the double dip is here." Here is the video:
And also from Europe Squawk Box about gold:
"Gold is a better investment than currencies or US Treasurys, Patrick Armstrong, managing partner at Armstrong Investment Managers, said. Central banks will monetize the governments' debt and inflation is likely, Armstrong said."
What?Another failed transaction?........
...............Ker-Ching!......... man do I love that sound.
The UK Independent is reporting that Hungary is asking for a second, stand-by, IMF bailout...
Tell me if I am reading this correctly through a July 4th hangover...The ECB bought everyone's bonds to keep the market from collapsing and now wants the banks to deposit funds to pay for the courtesy. Last week, they failed to do so in the desired amount. This begs the question of why. It seems unlikely that it is because they have better alternatives. Did the money go to make margin calls? Or would it force the banks to unwind underwater positions and recognize the losses?
I hear the teabaggers are opposed to reacharounds.
The female teabaggers aren't....
Depends on what is being reached around to.
You mean Tea Party or the Obamination version - teabaggers?
I may be missing something here, but isn't a failed auction (bid-to-cover <1) big, bad news?
In general, yes but filter it by consequence. A failed auction to cover next week's interest payment has far greater consequences than a failed auction to drain liquidity. Having your Visa card declined for dinner is an embarrassment. Having your Visa card declined for your mortgage payment could mean game over.
This European liquidity crisis story-cum-ECB liquidity suction story has me wondering, each time Tyler posts the latest news about it, just what the hell this ought to portend for EURUSD over the next weeks and months???
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