Parsad Posted April 14, 2012 Share Posted April 14, 2012 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 Link to comment Share on other sites More sharing options...
WarrenWatsa Posted April 14, 2012 Share Posted April 14, 2012 "The tide is going out" What do you mean, Sanjeev? Link to comment Share on other sites More sharing options...
NormR Posted April 14, 2012 Share Posted April 14, 2012 Going out to get me some Tide :D Link to comment Share on other sites More sharing options...
StubbleJumper Posted April 14, 2012 Share Posted April 14, 2012 "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... Link to comment Share on other sites More sharing options...
Parsad Posted April 16, 2012 Author Share Posted April 16, 2012 Spain bond yields up. May impose spending curbs! The life line is beginning to chafe badly. Cheers! http://www.cnbc.com/id/47060468 Link to comment Share on other sites More sharing options...
Guest valueInv Posted April 16, 2012 Share Posted April 16, 2012 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? Link to comment Share on other sites More sharing options...
Parsad Posted April 16, 2012 Author Share Posted April 16, 2012 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! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now