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lower than expected bitchez!
<------ Italian 10 Year Bond to go over 6% today
<------ Italian 10 Year Bond to remain under 6% today
I know the future for the globe.
Japan style deflation for the next 20 years--unless there is a war.
After what happened this year in Japan I think that it will be very difficult for the country to record growth in the next at least 10 years. Cazare Vatra Dornei
So if 50% is a default event and those CDS are triggered, how does that impact the deal. If 50% haircut doesn't trip CDS, and thus they are useless, what will happen (other than everyone jumping out of CDS zone)? Will the bond vigilanties then come out in full force?
Taken from Telegraph
10.40 And a bit more Greece - while the country itself gets some breathing space by wiping away 50pc of its debts, what of the people who lent them the money in the first place?
Unsurprisingly, many of the lenders to the Greek government were Greek banks. Now, the Greek government says it will most likely to have to nationalise large parts of the banks as a result of the write-downs. Shareholders in those banks could lose all of their investment as a result.
Andreas Koutras, an analyst at InTouch Capital Markets, said:
Greek banks never had choice on whether to buy Greek bonds, and they’re now being punished. It is possible equity valuations will go to zero.
Looks like a Greek hangover today for equities...
In other news I have to add this;
Oakland police shooting ,Scott Olsen a peaceful protester shot in the face point blank and then his rescuers along with him shot at point blank should show you point blank whats up.
With the thug cops laughing,this is fun for the psychopathic killers,they like killing,maiming,rape
I can assure you this was not a end to a means but the beginning of a full scale uprising.This should not be taken lightly.
When the public starts killing swat and thug cops for self defense do not blame the peaceful protesters.
It may not be peaceful much longer,there are a lot more vets and people than the 1 % psychopath cops and their supporters.
This has caused a true reality check and the answer is obvious to anyone slightly smarter than a rock.
This should make any critical thinker more than upset or nauseaous
Forget fucking Greece, France ,Germany the Fucking Piigs
The United States of America is under full scale attack.You and your family and the citizens of America are what you need to focus on
forget the diversion
Stand or Fall
Expecting a less volatile day today. The USD seems set to return to a bullish move higher which could be very signicant and signals big moves for the markets as very near. The ES and SPX are set for another small push higher to complete their waves, while the EURUSD, USDCAD, and AUDUSD all point towards a bottom for the USD. http://bit.ly/sW7hwm
"FINRA brokerage oversight group misled regulators, SEC charges"
I am shocked, shocked (this was allowed to be printed).
This is all getting kind of confusing, better just buy more Gold.
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