Author Topic: The facts you don't want to know...  (Read 2503 times)

Offline $$$ player

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The facts you don't want to know...
« on: October 20, 2011, 06:32:38 PM »
"The issues frustrating European authorities include how to write down of as much as 50 percent on Greek bonds, setting up a backstop for banks and finding a continued central bank role."

he EFSF might be allowed to insure 20 percent to 30 percent of new bonds sold by distressed euro-area governments, a person familiar with the deliberations said.

"Mackie calculates that given its existing commitments, the fund has about 270 billion euros left. His figures suggest that with Italy, Spain and Belgium facing funding needs of more than 1 trillion euros over the next three years, guaranteeing the first 20 percent of losses would leave less than 100 billion euros for other fire-fighting tasks."

50% haircut will take out 1/2 of the European banks and almost all of French banks.

That is why Sarkozy is frentic about getting Germany to back stop their banks.

The trouble is- if Germany agrees that will be the trigger that down grades German banks.

Germany can well wish and talk all they want- but when it comes to cosigning other nations debt- they'll have to tell them no- nicely. To keep their bond interest cheap- they need to circle the wagon against all other Europeans.

Nothing has changed because in international politics,-self interest comes absolutely first.

Greeks will default and that will take down Spain and Italy- then the French will default.

2012- S&P will hit 600.

Offline eye-hub

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Re: The facts you don't want to know...
« Reply #1 on: October 20, 2011, 08:18:41 PM »
Inform me when time right to buy...ok?  :D

"Price is the most important factor to use in relation to value."  - Walter Schloss

Online doc2mee

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Re: The facts you don't want to know...
« Reply #2 on: October 20, 2011, 08:44:16 PM »
so pessimistic ah.. but what u say is true .. but I don't think European will let Euro fall tho.

Offline BeaR

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Re: The facts you don't want to know...
« Reply #3 on: October 20, 2011, 08:48:04 PM »
save Euro.............by let greece go.............???????????????????

Offline Holland Boy

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Re: The facts you don't want to know...
« Reply #4 on: October 20, 2011, 09:42:04 PM »
TS, u wrote that essay yourself?

If so, I respect (though disagree)

If not, give source plz.

Offline Dow

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Re: The facts you don't want to know...
« Reply #5 on: October 20, 2011, 09:46:05 PM »
If Greece default, Sarkozy will cut ****.

Online king

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Re: The facts you don't want to know...
« Reply #6 on: October 20, 2011, 09:48:14 PM »
"The issues frustrating European authorities include how to write down of as much as 50 percent on Greek bonds, setting up a backstop for banks and finding a continued central bank role."

he EFSF might be allowed to insure 20 percent to 30 percent of new bonds sold by distressed euro-area governments, a person familiar with the deliberations said.

"Mackie calculates that given its existing commitments, the fund has about 270 billion euros left. His figures suggest that with Italy, Spain and Belgium facing funding needs of more than 1 trillion euros over the next three years, guaranteeing the first 20 percent of losses would leave less than 100 billion euros for other fire-fighting tasks."

50% haircut will take out 1/2 of the European banks and almost all of French banks.

That is why Sarkozy is frentic about getting Germany to back stop their banks.

The trouble is- if Germany agrees that will be the trigger that down grades German banks.

Germany can well wish and talk all they want- but when it comes to cosigning other nations debt- they'll have to tell them no- nicely. To keep their bond interest cheap- they need to circle the wagon against all other Europeans.

Nothing has changed because in international politics,-self interest comes absolutely first.

Greeks will default and that will take down Spain and Italy- then the French will default.

2012- S&P will hit 600.
IF S&P HIT 600, DOW WILL HIT 5500. THIS IS DISASTER.

Offline twinkles88

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Re: The facts you don't want to know...
« Reply #7 on: October 20, 2011, 09:51:01 PM »
IF S&P HIT 600, DOW WILL HIT 5500. THIS IS DISASTER.

The whole world will suffering... not only US or Europe.... Is talking about the whole world in that point in time...

No country will do business with other country... how it gonna have the cash flow...

Many banker will bankrupt....... 

Offline Holland Boy

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Re: The facts you don't want to know...
« Reply #8 on: October 20, 2011, 09:54:11 PM »
IF S&P HIT 600, DOW WILL HIT 5500. THIS IS DISASTER.

A bearish friend of mine will be the happiest guy in the world. He's been waiting a long time for this.

Offline ikan besar

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Re: The facts you don't want to know...
« Reply #9 on: October 20, 2011, 10:10:30 PM »
aiyah the whole crissis is jes a show only lah
after down for 1 week
sure got 1 good new out again
and ppl will be crazy buying all over again
then after sudah naik for 1 week
* bad news out again
this will go on and on and on
remember down down down jes buy
up up up up jes sell
no need sifu , no need analyst, no need graph , no need to do home work too
all u had to do jes ask yr fren, market sudah turun 5 hali
and he said yes, tutup mata and beli
I heard dr kimmy lost alot of monies