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my europe/world blog

Posted 10-01-2011 at 03:13 AM by hektor [Show Appreciation] What's This?

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!

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  1. Old Comment
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    Posted 03-06-2012 at 06:38 PM by hektor hektor is offline [Show Appreciation] What's This?
  2. Old Comment
    forexer's Avatar
    Hektor, if you could succinctly pen down the capstones of the piece...
    permalink
    Posted 03-07-2012 at 01:29 AM by forexer forexer is offline [Show Appreciation] What's This?
  3. Old Comment
    hektor's Avatar
    little bit enlightenment over the CDSs and the issue with them!!!!
    permalink
    Posted 03-12-2012 at 03:12 AM by hektor hektor is offline [Show Appreciation] What's This?
  4. Old Comment
    forexer's Avatar
    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.
    permalink
    Posted 03-12-2012 at 05:59 AM by forexer forexer is offline [Show Appreciation] What's This?
  5. Old Comment
    permalink
    Posted 03-14-2012 at 03:51 AM by hektor hektor is offline [Show Appreciation] What's This?
  6. Old Comment
    forexer's Avatar
    Hektor, what do you make of the market rally yesterday and today and the week after next?
    permalink
    Posted 03-14-2012 at 07:31 AM by forexer forexer is offline [Show Appreciation] What's This?
  7. Old Comment
    hektor's Avatar
    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.
    permalink
    Posted 03-14-2012 at 10:32 AM by hektor hektor is offline [Show Appreciation] What's This?
  8. Old Comment
    forexer's Avatar
    I'm surprised that amongst a myriad of words you chose good.
    permalink
    Posted 03-14-2012 at 11:58 AM by forexer forexer is offline [Show Appreciation] What's This?
  9. Old Comment
    hektor's Avatar
    Sorry for the misleading words. By good I meant "good", I think by now you should now where my views stand!!!!!!!!
    permalink
    Posted 03-14-2012 at 01:17 PM by hektor hektor is offline [Show Appreciation] What's This?
  10. Old Comment
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    Posted 03-16-2012 at 03:30 AM by hektor hektor is offline [Show Appreciation] What's This?
  11. Old Comment
    hektor's Avatar
    [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!
    permalink
    Posted 03-19-2012 at 04:33 AM by hektor hektor is offline [Show Appreciation] What's This?
  12. Old Comment
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    Posted 03-27-2012 at 02:26 AM by hektor hektor is offline [Show Appreciation] What's This?
  13. Old Comment
    hektor's Avatar
    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!!
    permalink
    Posted 03-29-2012 at 01:49 PM by hektor hektor is offline [Show Appreciation] What's This?
  14. Old Comment
    hektor's Avatar
    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.!!!!!
    permalink
    Posted 03-30-2012 at 03:23 AM by hektor hektor is offline [Show Appreciation] What's This?
  15. Old Comment
    forexer's Avatar
    His analysis on Arab production is interesting. We have already read the rest... same old story, nothing original.
    permalink
    Posted 03-30-2012 at 09:07 AM by forexer forexer is offline [Show Appreciation] What's This?
  16. Old Comment
    hektor's Avatar
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    Posted 04-03-2012 at 10:32 AM by hektor hektor is offline [Show Appreciation] What's This?
  17. Old Comment
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    Posted 04-05-2012 at 04:25 PM by hektor hektor is offline [Show Appreciation] What's This?
  18. Old Comment
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    Posted 04-18-2012 at 06:17 PM by hektor hektor is offline [Show Appreciation] What's This?
  19. Old Comment
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    Posted 05-23-2012 at 10:54 AM by hektor hektor is offline [Show Appreciation] What's This?
  20. Old Comment
    hektor's Avatar
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    Posted 10-21-2012 at 05:28 AM by hektor hektor is offline [Show Appreciation] What's This?
 

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