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ECB and Bond Buying.....

thetrader's picture




 

 

By thetrader.se

ECB will buy bonds and save Europe from going bust, or? As The Trader has argued, the Big Elephants in the room, are still “under control”. The crisis spreading to Spain with unemployment at +20%, youth unemployment at close to 50%, “hidden” local debt, further declines in property prices (and transactions) will be much greater than the Greek mess. In order to understand the full scope of the Spanish contagion, one needs to live in Spain, in order to understand the mentality of NEVER taking a Stop Loss.

 

Italy on the other hand, with Berlusconi guiding the country in these stormy waters, will end in a total disaster. Note, Italy is Spain, Ireland and Portugal combined….

 

ECB coming out to rescue? Sure, but they lack the fire power, or will Ben join the party? We clearly see what happened in Ireland and Portugal. Spain and Italy coming up, or is this time different? We say no, it never is different.

 

 

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Wed, 09/14/2011 - 03:01 | 1666812 chinawholesaler
chinawholesaler's picture

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Mon, 09/12/2011 - 20:13 | 1661873 oogs66
oogs66's picture

every government intervention in the market ends up the same way...

Mon, 09/12/2011 - 19:46 | 1661828 disabledvet
disabledvet's picture

Let's keep it simple: since the collapse the only market to dig the world out of "the world's" hole has been the USA. WE ARE THE DRIVER. I have no idea why equities rose in the USA (when the whole world is collapsing around us) just like i have no idea why they fall here when the rest of the world powers forward. IT' S ALL WRONG. Having said that we are human...we speculate. Quite well i might add. I say "Europe is securitizing our debt" and that's "the bond buying" that's really going on.my evidence? "the market rallied." THAT'S IT.

Mon, 09/12/2011 - 09:59 | 1659350 El Gordo
El Gordo's picture

I'm still trying to get out from under those fake designer handbags from a couple of days ago, but the sellers of the Greek bonds tell me that they are interested in a trade.

Mon, 09/12/2011 - 07:44 | 1658907 Sudden Debt
Sudden Debt's picture

It's just taxpayers money. Plenty to go around and nobody will ever miss it.

AND WORST CASE SCENARIO THE FED WILL PRINT SOME MORE AND BRING TO EUROLAND ON A WHITE HORSE!!

NOW KISS ME AND GIVE ME THE GODDAMN MONEY PRINCE!!!

 

Mon, 09/12/2011 - 07:37 | 1658881 DaBernank
DaBernank's picture

"Everything that's wrong with the ECB is what's right with the ECB" -- Spitzer

Mon, 09/12/2011 - 07:35 | 1658875 DogSlime
DogSlime's picture

Don't miss the opportunity of a lifetime! 

Greek 1 year bonds now paying 111%.

Where else can you get a deal like that?  I'm tempted to sell my gold and buy the Greek 1 year.

Greek bonds - DOUBLE YOUR MONEY!

...just so long as Greece doesn't go bankrupt - but that can't happen because Trichet et al. have assured us they won't let that happen.

WE'RE IN SAFE HANDS!  Believe our benefactors!  Buy Greek bonds now!

 

Mon, 09/12/2011 - 19:48 | 1661834 FlyPaper
FlyPaper's picture

I like greek food.  Does that count?

Mon, 09/12/2011 - 09:47 | 1659302 Debugas
Debugas's picture

by the time Triche buys back your bonds the gold price would have doubled :)

Mon, 09/12/2011 - 09:29 | 1659267 how to trade ar...
how to trade armageddon's picture

If I was able to borrow some, I'd sell them to you.

Mon, 09/12/2011 - 07:39 | 1658891 falak pema
falak pema's picture

sounds double dutch to me...maybe double douche...even double ouzo on ze rocks!

Mon, 09/12/2011 - 11:27 | 1659742 Reptil
Reptil's picture

Sandwiched between Lagarde and Draghi?

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