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EURO CDS Update
A tale of two Europes:
- PORT 1030/1070 +25
- IRELAND 812/840 +6
- ITALY 420/428 +2
- GREECE (pts) 51/55 +2
- SPAIN 380/390 -2
- BELGIUM 262/272 flat
- FRANCE 164/168 -8
- AUSTRIA 126/131 -5
- ENG 74/76 -1
- DEUTSCHE 76.5/78.5 -1
- XO 705/706 (-13), MAIN 172/172.5 (-3)
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germany and france profit from the bond buying by switzerland ^^
isnt that ironic? people buy swiss francs to flee the euro and switzerland turns arround and buys european bonds with the money
brown europe enslaved by their "brothers"
riots...war
british empire, bitchez.
Bloody Brits are just better at covering up...for now.
Port +25 transitory relationship to s&p +25 for the day???
thank you
Currency will soon be a thing of the past, naturally people will turn to money.
money = currency in this electronic "click a buck" age. We can't go back to "pure physical gold standard". IMPOSSIBLE.
Things are all fucked up.
Will the Green Lantern save us?
Probably not.
Oh well. What's a boy to do?
http://geraldcelente.proboards.com
my apologies. it's that damned itchy trigger finger, mr. durden.
and here i am preachin patience.
i owe you...again.
so, here, let's muster the troops for a massive drop in the dow and s&P
http://www.youtube.com/watch?v=D8Q1fDf0GeY
TO ARMS!!!
we're AMERICANS with a capital A
please watch clip, ZHealots!
love,
the loyal mutt
The Swiss are now putting as top priority their economy, as secondary priority its banking sector safe haven money status, and now telling the world that EU unity is now their strategic horizon; which in itself is very unswiss from an historical perspective!!
I wonder if the Swiss nation is solidary with this SNB play...
If weakening the currency is the key to economic success, then Zimbabwe should be the world's leading industrial nation, closely followed by Argentina and the UK.
falak, your question could be asked across the entire globe. Do the German people agree with what their leadership and banks are doing, what the French, the English, the Russians, the Chinese, the Americans etc.
At the risk of being junked, (also paritally based on the observation of the MSM to ignore Ron Paul and the absolutely assinine comments coming from MB and RP) I would venture to gues that the country with the greatest divergence is America.
Well as far as Germany is concerned, as point man in the EU financial construct, we shall soon find out cos if Merkel says "YES" to unlimited bail out guaranty of Euro construct, then she may lose the next election!
The people do have a choice in whom they want and WHAT they want in both France and Germany, in 2012/2013 period.
There are real alternatives. I'm not so sure on the US front...its the Oligarchs who run both parties...
Why did France drop 8.......they did nothing to shore up their finances....its quiet one day....a raging inferno the next...this EU spectical is fun to watch...I still think the EU will fall apart...
And Britain is quoted WHY exactly?
i'll take a stab at this...i mean, since i'm new and have never been scared of being wrong (it's a benefit of so often being right -- comes with the territory).
the brits, being seperate from the monetary union, play the role of barometer. their economy is fucked from tooth to tail. and so, when you see abberations (things like the mighty BUND or even the scandanavians trading weaker than the brits), it tells you something spooky is brewing. that the endemic weakness of the monetary union is so fucking pronounced, that the fissures are gaping at alarming rates, that smart BIG-BOND money is hedging using a broken shill of an economy like GREAT BRITIAN (i use great in the pejorative sense). that means that you bettah get the fuck away from europe while the gettin's good.
but it's okay for now. we've got to crash the dow to sway some hawks in the fed and on the hill.
so, as ZP says, all's 'ok'.
BTW, follow ZP closely -- he's canadian but, in spite of it all, he's clever.
Well, I knew most of that.
The UK is not part of the same monetary union as the other lot (surprise) so it is misleading to lump it in with 9 other members of the same economic bloc. It should have been listed as a third subset. Could have compared it with other non-euro (and/or non-EU) as well.
It was misleading is all..
no sweat...just tryin to show off.
i've been at this for just over three months.
gonna move up north and show the yankees how it's done next year.
i'm stupid; but NO ONE works as hard (or sleeps as little) as Janus.
we alabama folk gotta do it the ole fashioned way:
http://www.youtube.com/watch?v=U6VPEcj77v8&NR=1
that's a clip from my days in basic training.
momma always said...,
Janus
Financials all tighter for the most part...all is 'ok'
yeah, ZP, this financial stuff is all about metaphor.
we got SUMP pumps round here -- you can use em for, say, a septic tank.
so this SMP pump is an easy analogy for a redneck -- you just pump shit back in (remove the vowel) eh?
nuthin to it -- you can print shit till the cows come home.
Tyler,
Is there a particular reason why The Netherlands typically does not feature on your list ? I think they are sizeable enough to be mentioned (certainly if you mention Belgium and Austria).
Glad to see that Belgium is put in the stronger group today (transitorily I presume
Kroegman
i'll try this one too:
the dutch bonds are essentially a function of the BUND -- and it's almost superfluous to mention.
someone correct the novice if i'm wrong.
CDS mkt looks alot smarter today...XOVER and MAIN Index...not so much yet...
oh, btw, TD, i've been mentioning this for months, as it's straight out of ancient texts -- the 'nordics' will recostitute a new union, and the gauls will be invited to join.
it's commin -- watch the wedge start to widen further and further.
everything south of the pyreneese (sp? mountain range) will be the european mexico.
adios mutha fuckahs,
janus
Just as Belgium was a screaming buy last Sept so is Austria today