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No worries both have passed there stress tests...
Not a matter of if, rather of when this country (Portugal) will be drinking the kool aid.
Quick! Call China!
No biggie, they have Ouzo.
Greece and Portugal are huge red herrings for Spain.
Espania is on the fault line. Can only imagine how much sheeple raping is going on there while collapse is kicked down-road.
Banco Santander has the capacity of taking the collapse global due to it's webs in Brazil and South America in general.
CEO Santander is a convicted criminal, he's not even allowed by spanish law to have anything to do with banking. That doesn't make other CEOs look better IMHO, just that it makes the spanish judiciairy look like a functioning court (one of the few) and interpol like a bunch of monkeys.
PIIGS meet MENA; MENA meet PIIGS.
Everything is OK now. Those Europeans should start buying stocks and iPads right away and all will be well.
when I is the euro over 1.40.....please hit me in the head...
Double whammy. Libyan oil dependency is high in parts of Southern Europe.
Don't worry about the bankster-bondholders, "Hot Tits" Merkel will bail them out.
Leading the way down.
China counterfeiting silver coins:
Ratings agencies and banks are gaming the Euro scene to boost the dollar back up relative to the USD.
how long are the Germans going to back the EU as the only viable euro economy?
Damn greedy bastard banker/corp pigs-oh right that hardly the problem as much as human stunting communism called eurosocialism which has seen Europe the once bastion of human innovation reduced to a cesspool of entitlements and government. Where some ridiculously low number actually work to support the rest, kind of like the US of Neo Marxism but keep denying it and pointing fingers at class warfare and the other asst self loathing bullshit nonsense that has become the calling card of zerofringe.
Anyone have a link to an updated CDS chart? I dont seem to be able to find one that include's today's movement.
Its amazing that no one seems to care even though its becoming more and more obvious that austerity isn't working. Only alternative is for printing presses to print new money to buy old bonds or just give up and restructure and start from scratch and promise 'this time will be different'.
In the USA, this means real austerity is actually approaching faster than wished by spend more crowd (before the USA treasury bond rate hits 7%-10%, hopefully) , if not on federal than on state and individual level ( with oil prices helping to realize the shitty situation with spending as spending just goes to oil producers ) and such austerity means stopping growth in the USA while keeping dollar afloat: hence this scenario:
Stocks down in nominal terms, oil up, dollar strong enough still.These graphs were made on Ferbuary 6th, they are holding well.
The USA can not escape EARLY austerity as otherwise 7-10% will be the interest paid by the USA on its 14 trillion debt, or about 1 trillion / year. Great numbers, but impractical for running a country.
I see nothing unusual.
It's not just Santander that has the potential to (re)trigger a global banking crisis. BBVA with it huge presence in Latam (namely Mexico) is also a strong "contender".
Eventually Germany is going to say F this and go back to their currency. The only country really holding it together is Germany.
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