The Rain In Spain Will Not Stay Mainly On The Plain!

[Parsad]

IMF's LaGarde is saying that the bailout fund doesn't need to be as big, while Spain's deputy minister is saying that the ECB needs to buy Spain's bonds because interest rates are going to kill them!  Hold onto to your shorts this year or early next year...the tide is going out!  Cheers!

 

http://www.bloomberg.com/news/2012-04-13/spanish-minister-calls-on-ecb-to-do-more-as-crisis-accelerates.html

 

http://www.cnbc.com/id/47049024

[WarrenWatsa]

"The tide is going out"

 

What do you mean, Sanjeev?

[NormR]

Going out to get me some Tide  :D

[StubbleJumper]

"The tide is going out"

 

What do you mean, Sanjeev?

 

 

He means that we're soon going to see who's been swimming naked.  I'm guessing that it might include a few bankers in Frankfurt...

[Parsad]

Spain bond yields up.  May impose spending curbs!  The life line is beginning to chafe badly.  Cheers!

 

http://www.cnbc.com/id/47060468

[Guest valueInv]

IMF's LaGarde is saying that the bailout fund doesn't need to be as big, while Spain's deputy minister is saying that the ECB needs to buy Spain's bonds because interest rates are going to kill them!  Hold onto to your shorts this year or early next year...the tide is going out!  Cheers!

 

http://www.bloomberg.com/news/2012-04-13/spanish-minister-calls-on-ecb-to-do-more-as-crisis-accelerates.html

 

http://www.cnbc.com/id/47049024

 

How do you know the timing of when this is going to implode?

[Parsad]

IMF's LaGarde is saying that the bailout fund doesn't need to be as big, while Spain's deputy minister is saying that the ECB needs to buy Spain's bonds because interest rates are going to kill them!  Hold onto to your shorts this year or early next year...the tide is going out!  Cheers!

 

http://www.bloomberg.com/news/2012-04-13/spanish-minister-calls-on-ecb-to-do-more-as-crisis-accelerates.html

 

http://www.cnbc.com/id/47049024

 

 

 

How do you know the timing of when this is going to implode?

 

No idea, but they are only half funded for their debt requirements through 2013.  If rates are going up, and they are having to introduce spending curbs because austerity measures aren't adequate alone, then you've got a problem if the markets lose confidence. 

 

ECB needs to come up with enough funding to cover Spain and Italy.  They are having trouble getting funding for Spain alone at decent rates.  Germany is not going to do much more.  Either the U.S. and China have to step in...and the U.S. cannot really afford it...or you are going to see some serious consequences.  You had some firepower before, but now the gun is down to a couple of bullets!  Cheers!