Some Perspective On Italian Bonds

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Thu, 07/14/2011 - 08:11 | 1455453 Thorlyx
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Why do you need a ceiling if you can raise it at will ?

Thu, 07/14/2011 - 08:22 | 1455477 bigwavedave
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its not a debt ceiling... its a debt target.... how many readers think we wont hit the target?

Thu, 07/14/2011 - 08:44 | 1455512 Raynja
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We always hit the target, then to prove we're really badass we move the target further away and hit it again.

Thu, 07/14/2011 - 09:25 | 1455662 snowball777
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Do you mean 'hit it'...or blow past it at the speed of debt?

Thu, 07/14/2011 - 08:46 | 1455519 slaughterer
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Advice from the professionals to the rookies: 07-14 08:36: Irish finance minister says that experience tells us that if Spanish and Italian yields go to 7% this is bailout territory I do not think Italy will have a problem pulling off 7% soon.
Thu, 07/14/2011 - 12:38 | 1456490 Ghordius
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First: of course we will see 7% soon, not only in Italy.

Second: I do hope you are being sarcastic with "professional to rookies".

Third: Bailout territory? The term can't apply for big debt like Italy's (or US or Japanese, etc.)

Fourth: The past Irish Government made the mistake to bail out Anglo-Irish.

Fifth: The present Irish Government, after being elected, did nothing about it.

Thu, 07/14/2011 - 08:15 | 1455459 Mongo
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Hitler would have loved the 2100st century...

Thu, 07/14/2011 - 08:18 | 1455465 The Axe
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Not wrong..but   correct     if they did not buy the offering last march..ponzi   over....(with mostly client monies)  but profits and more profits, from  the ponzi continues...so actually money well spent on Greek bonds..

Thu, 07/14/2011 - 08:18 | 1455467 chinaguy
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"Real M1 deposits in Italy have fallen at an annual rate of 7pc over the last six months, faster than during the build-up to the great recession in 2008," said Simon Ward from Henderson Global Investors....

Thu, 07/14/2011 - 08:21 | 1455475 bigwavedave
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italy is not greece.... italy WAS greece. just look at the fucking statues!

Thu, 07/14/2011 - 08:25 | 1455485 mophead
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This article starts off by saying it's "important to remember" that Greece wasn't Greece 15 months ago. Fine, but it's also important to remember that bad news = more stimulus = more inflation = higher asset values. There.

Yawn.... enjoy the rally bitchez.

Thu, 07/14/2011 - 08:51 | 1455531 ZeroPower
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I see about $286Bn gross vs $24Bn net notional on Italy, trend clearly higher over last weeks. Most out of the Eurozone it seems too... (Greece at 78Bn and 5Bn respectively.

Thu, 07/14/2011 - 08:52 | 1455535 milanitaly
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Out of Euro immediately and leave the problems to Germany. We are going to pay more taxes for nothing or only to buy a BMW car for less.

Soon we will not have enough money to buy a FIAT.

 

Thu, 07/14/2011 - 09:05 | 1455557 Josephine29
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I agree that there are problems with declaring this a success as a twitter comment I saw points out rather well.

Todays five year bond auctions increase in yield over last month's would cost 18 billion Euros a year on the whole Italian national debt @notayesmansecon
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