my europe/world blog
Hi fellas, decided to start my own European/world blog here. Gonna post information and facts that are connected to the present fiasco, gonna write also some of my thoughts-basically a lot of spam!!!
First the article about that 75% from the Germans are opposing increase in the EFSF!
Public sector employees in Greece blocked the entrance to the Finance Ministry and the Hellenic Statistical Authority (ELSTAT) in protest at the planned measure of putting thousands of them on labor standby status." Article
Now what appears very disturbing is that the politicians do not listen to their voters!!!!!!
I am very new to the market and Economy world, but isn't it better for any government to default whilst there is something still to be done and saved?
What is so bad to default? Can somebody tell me!
But having such austerity measures in Greece I do not see how this will help Greece to come back on it's feet! They want to increase taxation, lay off workers less pensions etc. How the people would start to re built this country when they have no money and are socially and psychologically at the edge?
I think they EU was unprepared and very surprised by the debt volume that PIIGS have. The Eu did not and still not have any plan of default, so the easiest way was and still is too poor money. Now the other problem is that if this rescue fund gets all the money that EU wants to have this will increase the possibility of further down grades by the ratting agencies, even Germany.
"Under the plan floated over the weekend, the €440bn in the EFSF could be used as collateral in a "shock and awe" move that would raise its total firepower to €2 trillion, or possibly €3 trillion, depending which version you read.
German officials have repeatedly dismissed the plan this week. But, with most experts agreeing that a €440bn EFSF isn't big enough, something has to give..." Article
So lets say the fund gets the 2 trln. what means in numbers for Germany's balance sheet!? Well take out roughly 30% from the sum and you will get the idea the size of debt is coming over the German average Joe!!!!!!!!
There is some very weird idea starting to grow in my mind, but gonna let you know in near future, about what might happen!
First the article about that 75% from the Germans are opposing increase in the EFSF!
Public sector employees in Greece blocked the entrance to the Finance Ministry and the Hellenic Statistical Authority (ELSTAT) in protest at the planned measure of putting thousands of them on labor standby status." Article
Now what appears very disturbing is that the politicians do not listen to their voters!!!!!!
I am very new to the market and Economy world, but isn't it better for any government to default whilst there is something still to be done and saved?
What is so bad to default? Can somebody tell me!
But having such austerity measures in Greece I do not see how this will help Greece to come back on it's feet! They want to increase taxation, lay off workers less pensions etc. How the people would start to re built this country when they have no money and are socially and psychologically at the edge?
I think they EU was unprepared and very surprised by the debt volume that PIIGS have. The Eu did not and still not have any plan of default, so the easiest way was and still is too poor money. Now the other problem is that if this rescue fund gets all the money that EU wants to have this will increase the possibility of further down grades by the ratting agencies, even Germany.
"Under the plan floated over the weekend, the €440bn in the EFSF could be used as collateral in a "shock and awe" move that would raise its total firepower to €2 trillion, or possibly €3 trillion, depending which version you read.
German officials have repeatedly dismissed the plan this week. But, with most experts agreeing that a €440bn EFSF isn't big enough, something has to give..." Article
So lets say the fund gets the 2 trln. what means in numbers for Germany's balance sheet!? Well take out roughly 30% from the sum and you will get the idea the size of debt is coming over the German average Joe!!!!!!!!
There is some very weird idea starting to grow in my mind, but gonna let you know in near future, about what might happen!
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Posted 03-06-2012 at 05:38 PM by hektor
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Hektor, if you could succinctly pen down the capstones of the piece...Posted 03-07-2012 at 12:29 AM by forexer
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little bit enlightenment over the CDSs and the issue with them!!!!Posted 03-12-2012 at 02:12 AM by hektor
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IDK seems like either he took some thoughts from Peter Tchir or Peter read his and took some thoughts... I prefer Peter's interpretation nonetheless.Posted 03-12-2012 at 04:59 AM by forexer
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Posted 03-14-2012 at 02:51 AM by hektor
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Hektor, what do you make of the market rally yesterday and today and the week after next?Posted 03-14-2012 at 06:31 AM by forexer
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we still have cheap credit, good data from the US, of course equities will rally. I think we are far from shorting equities.Maybe if Oil rallies very strong then this might give the trigger.Posted 03-14-2012 at 09:32 AM by hektor
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I'm surprised that amongst a myriad of words you chose good.Posted 03-14-2012 at 10:58 AM by forexer
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Sorry for the misleading words. By good I meant "good", I think by now you should now where my views stand!!!!!!!!Posted 03-14-2012 at 12:17 PM by hektor
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Posted 03-16-2012 at 02:30 AM by hektor
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[Video] PIMCO's Bill Gross Opines on the Bond Market Moves, QE, Inflation, Et Al Market Montage
his view shows how wrong the QE policy is. We witnessed the reaction of the market after Bernanke hint of future no QE. The only winners were equities. So as long as the banks are artificially keeping the "growth" on paper the US and world economy will never stand on it's own feet!Posted 03-19-2012 at 03:33 AM by hektor
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Posted 03-27-2012 at 01:26 AM by hektor
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USS Enterprise Prepares To Cross Suez Canal, Days Away From Anchor In Arabian Sea | ZeroHedge
with 3 aircraft carriers deployed around Iran, I do not think they are sent just for show off!!Posted 03-29-2012 at 12:49 PM by hektor
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Mike Krieger On When Central Banking Dies: China and Oil | ZeroHedge
I knew it that the proxy will be Oil and then Gold Silver and etc.!!!!!Posted 03-30-2012 at 02:23 AM by hektor
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His analysis on Arab production is interesting. We have already read the rest... same old story, nothing original.Posted 03-30-2012 at 08:07 AM by forexer
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Posted 04-03-2012 at 09:32 AM by hektor
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Posted 04-05-2012 at 03:25 PM by hektor
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Posted 04-18-2012 at 05:17 PM by hektor
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Posted 05-23-2012 at 09:54 AM by hektor
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Posted 10-21-2012 at 04:28 AM by hektor
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