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Euro-Gossip Debunked, Courtesy of Trichet and the IMF!

Reggie Middleton's picture




 

 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.

italian_real_gdp.png
optmisitic_italy.jpg
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!
":

  •  
    • image006.png

       

      image042.png

      For those that don't subscribe, there is still a lot of nitty gritty
      that I made publicly available on Italy here: Once

      You 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  Smoking

      Swap 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:
File Icon Italian Banking Macro-Fundamental
Discussion Note

The Pan-European Sovereign Debt Crisis, to date (free to all)

  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. Greek

    Soap Opera Update: Back to the Bailout That Was Never Needed?

 

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Mon, 04/12/2010 - 20:45 | 297319 Gloomy
Gloomy's picture

Off subject, here is a riddle-Name an investment that Jim Grant and David Rosenberg both love?

Mon, 04/12/2010 - 20:46 | 297321 Gloomy
Gloomy's picture

Gold!! Yep, it's true!!

Mon, 04/12/2010 - 20:36 | 297313 Gloomy
Gloomy's picture

I hope they bail em all out. In spades. Every time they do that, gold will go up. Go governments go!!

Mon, 04/12/2010 - 15:33 | 296879 Hephasteus
Hephasteus's picture

Selling pope hats ebay can fix this?

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