Thales Posted November 30, 2011 Report Share Posted November 30, 2011 Only 130bps on the Euro till gap fill! Link to comment Share on other sites More sharing options...
An Ant Posted November 30, 2011 Report Share Posted November 30, 2011 European debt is in EUROS. How does printing USD helps? Lowering interest rate helps debtors. How does it help solvency? Will today's arrangement or deal help Italy borrow at lower rate? What am I missing? Debt can only be repaid with interest or someone (debtor or creditor) has to take pain. No? Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted November 30, 2011 Report Share Posted November 30, 2011 I press the PrintScreen button, paste it into Microsoft Paint, select and crop the picture, and save it as a GIF. Very high tech. you might like snagit.... Link to comment Share on other sites More sharing options...
BarBu Posted November 30, 2011 Report Share Posted November 30, 2011 blue sky again after the foggy morning, time for another cup of coffee Link to comment Share on other sites More sharing options...
Lugnut Posted November 30, 2011 Report Share Posted November 30, 2011 European debt is in EUROS. How does printing USD helps? Lowering interest rate helps debtors. How does it help solvency? Will today's arrangement or deal help Italy borrow at lower rate? What am I missing? Debt can only be repaid with interest or someone (debtor or creditor) has to take pain. No? The fine print reads: The six central banks also agreed to create temporary bilateral swap programs so funding can be provided in any of the currencies “should market conditions so warrant.” Those swap lines were also authorized through Feb. 1, 2013. http://www.bloomberg.com/news/2011-11-30/fed-five-central-banks-lower-interest-rate-on-dollar-swaps.html Translation: we will give you freshly printed dollars or euros via the IMF/ECB pipeline in exchange for your Greek bond. Link to comment Share on other sites More sharing options...
Jimi Posted November 30, 2011 Report Share Posted November 30, 2011 Good luck to all. You will need it as the Dollar will now be printed to shore up European debt because the Germans refuse to print. We now have intercontinental moral hazard where the debts of the European welfare state and huge demographic bubble will be monetized by Americans. That won't happen. Can't. There is no effing way that the U.S. is going to shoulder Italy et al. on its balance sheet before Germany. Never. Perhaps in unison. Perhaps. But still, likely not. Link to comment Share on other sites More sharing options...
Jimi Posted November 30, 2011 Report Share Posted November 30, 2011 Change by the U.S. in its IMF Quota requires passage by the Congress. http://ducis.jhfc.duke.edu/wp-content/uploads/archive/documents/Broz_IMF_10-5-05.pdf Good luck getting that through the House before November 2012. Link to comment Share on other sites More sharing options...
cwd Posted November 30, 2011 Report Share Posted November 30, 2011 Change by the U.S. in its IMF Quota requires passage by the Congress. http://ducis.jhfc.duke.edu/wp-content/uploads/archive/documents/Broz_IMF_10-5-05.pdf Good luck getting that through the House before November 2012. Hey Jimi remember 2008, the rules are waived in an emergency. Link to comment Share on other sites More sharing options...
An Ant Posted November 30, 2011 Report Share Posted November 30, 2011 The fine print reads: http://www.bloomberg.com/news/2011-11-30/fed-five-central-banks-lower-interest-rate-on-dollar-swaps.html Translation: we will give you freshly printed dollars or euros via the IMF/ECB pipeline in exchange for your Greek bond. I'm NOT capable of understaning technicals or fundamentals portrayed in the link but does it mean Fed can print Euros to ease European debt? All I know is at end of the day/month/year/decade is if a debtor can't pay the debt then he/she/it or the creditor or both have to suffer losses. Link to comment Share on other sites More sharing options...
No Einstein Posted November 30, 2011 Report Share Posted November 30, 2011 That won't happen. Can't. There is no effing way that the U.S. is going to shoulder Italy et al. on its balance sheet before Germany. Never. Perhaps in unison. Perhaps. But still, likely not. ...is there an effing way that the U.S. is going to shoulder Calf, Illinois et al. on its balance sheet? We still have States with world class GDP's that are in deep shit. funny how the news noise moves around from story to story.. and funny mentals get lost to the sheep. I wonder If I will live long enough to see how this ends. Link to comment Share on other sites More sharing options...
quanta Posted November 30, 2011 Report Share Posted November 30, 2011 you might like snagit.... Also, don't forget JShot. Has everything you need. Link to comment Share on other sites More sharing options...
Bungster Posted November 30, 2011 Report Share Posted November 30, 2011 OK, now that all of the shorts have covered.... Link to comment Share on other sites More sharing options...
Mies van der Rump Posted November 30, 2011 Report Share Posted November 30, 2011 That won't happen. Can't. There is no effing way that the U.S. is going to shoulder Italy et al. on its balance sheet before Germany. Never. Perhaps in unison. Perhaps. But still, likely not. Wouldn't count on that. After all that has happened since 2008, I wouldn't think that a bipartisan sponsored bill calling for the FDIC to provide full backing of basically ANYTHING (including derivatives) would have a chance of passing either...but here we are. United States Covered Bond Act Link to comment Share on other sites More sharing options...
Scully Posted November 30, 2011 Report Share Posted November 30, 2011 I am entering my first bank short (BAC) early because it can't seem to get out of its own way. Going short now on that one stock. Link to comment Share on other sites More sharing options...
specie Posted November 30, 2011 Report Share Posted November 30, 2011 Up Ticks Volume 250,954,830 Down Ticks Volume 293,971,975 Link to comment Share on other sites More sharing options...
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