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Euro-Gossip Debunked, Courtesy of Trichet and the IMF!
Italy on the right track, IMF says: Wall
Street Journal
- Italy's economy continues to be based off of external demand, and
that is important to maintain fiscal discipline (We may never hear
Italy and fiscal discipline in the same sentence again) - IMF predicts that Italian unemployment rates will continue to
rise, and that native banks will continue to see credit risk rise as
loans are appearing to be less profitable.


As for listening to theIMF in regards to Italy's prospects throught this
crisis, let's look at how accurate they have been since the crisis
began, courtesy of "Lies,
Damn
Lies,
and
Sovereign Truths: Why the Euro is Destined to
Collapse!":
-
-
For those that don't subscribe, there is still a lot of nitty gritty
that I made publicly available on Italy here: OnceYou Catch a Few EU Countries "Stretching the Truth", Why Should You
Trust the Rest?More on Euro stretching of the truth
If you haven't had your fill of innuendo, ambiguity, creativity and
sleight of hand (my polite way of saying "lying"), you can peruse SmokingSwap Guns Are Beginning to Litter EuroLand, Sovereign Debt Buyer
Beware!
-
For paid viewers and subscribers, reference our Italian
Macro
and Public Finance Research, which throws a much more realistic
and unbiased light on things.
Subscribers should also review as
the truth about Greece rolls through the banking system:
Italian Banking Macro-Fundamental
Discussion Note
The Pan-European Sovereign Debt Crisis, to date (free to all):
- The
Coming
- introduces the crisis
Pan-European
Sovereign Debt Crisis
and identified it as a pan-European problem, not a localized one. - What
Country
-
is
Next in the Coming Pan-European Sovereign Debt Crisis?
illustrates the potential for the domino effect - The
Pan-European
- attempts to illustrate the highly
Sovereign
Debt Crisis: If I Were to Short Any Country,
What Country Would That Be..
interdependent weaknesses in Europe's sovereign nations can effect even
the perceived "stronger" nations. - The
Coming
Pan-European
Soverign Debt Crisis, Pt 4: The Spread to Western
European Countries - The
Depression
is
Already Here for Some Members of Europe, and It Just
Might Be Contagious! -
The
Beginning
of
the Endgame is Coming??? -
I
Think It's Confirmed, Greece Will Be the First Domino to Fall -
Smoking
Swap
Guns
Are Beginning to Litter EuroLand, Sovereign Debt Buyer
Beware! -
Financial
Contagion
vs.
Economic Contagion: Does the Market Underestimate the
Effects of the Latter? -
"Greek
Crisis
Is
Over, Region Safe", Prodi Says - I say Liar, Liar, Pants on
Fire! -
Germany
Finally
Comes
Out and Says, "We're Not Touching Greece" - Well, Sort
of... -
The
Greece and the Greek Banks Get the Word "First" Etched on the Side of
Their Domino -
As
I
Warned
Earlier, Latvian Government Collapses Exacerbating Financial
Crisis -
Once
You
Catch
a Few EU Countries "Stretching the Truth", Why Should You
Trust the Rest? -
Lies,
Damn
Lies,
and Sovereign Truths: Why the Euro is Destined to
Collapse! -
Ovebanked,
Underfunded,
and
Overly Optimistic: The New Face of Sovereign Europe -
Moody's
Follows
Suit
Behind Our Analysis and Downgrades 4 Greek Banks -
The
EU
Has
Rescued Greece From the Bond Vigilantes,,, April Fools!!! -
How
BoomBustBlog
Research
Intersects with That of the IMF: Greece in the
Spotlight -
Grecian
News
and
its Relevance to My Analysis -
A
Summary and Related Thoughts on the IMF's "Strategies for Fiscal
Consolidation in the Post-Crisis - Greek
Soap Opera Update: Back to the Bailout That Was Never Needed?
- advertisements -


Off subject, here is a riddle-Name an investment that Jim Grant and David Rosenberg both love?
Gold!! Yep, it's true!!
I hope they bail em all out. In spades. Every time they do that, gold will go up. Go governments go!!
Selling pope hats ebay can fix this?