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- hanifs commented Nov 2, 2011
Perhaps a few Greek islands where China can base it's military....
China President Hu: EU debt problems should be mainly solved by Europe
- hanifs commented Nov 1, 2011
Unfortunately, the euro package he was forced to 'swallow' last week did not agree with him and had to be removed surgically.
Greek finmin hospitalised with stomach pain
- hanifs commented Oct 28, 2011
This article by a highly respected economist often makes politicians look like bankers. In a nutshell, politicians have been breaking their own rules and treaties for their own ends. Now that their shenanigans have been revealed, they break even ...
If Greek CDS Don't Trigger, Why Would EFSF?
- hanifs commented Oct 28, 2011
Dragonfire, At the moment, USD is a 'risk off' currency. There are relatively more better news these days then bad news, so Eur and commodity currencies will rise. USD will only begin to act normally i.e. if US economy does well then USD goes up as ...
Italy sells eu2.98 bln of 5% 2022 bonds at 6.06% vs 5.86%
- hanifs commented Oct 28, 2011
Yes, but be careful. Mr. Dalara knows it's a default event. During the haircut process, Greece will be in default mode for days or couple of weeks only. This is known and priced in. No surprise here. What will cause a big surprise (and fall in Euro) ...
Fitch says 50% Greek bond haircut would be a default event
- hanifs commented Oct 28, 2011
Fundamentals are one thing. But if Ben wants a weaker dollar nd Trichet doesn't ming a stronger Euro then they will have their way. This is not an open market driven by fundamentals but by very powerful parties who will manipulate prices for their ...
Italy sells eu2.98 bln of 5% 2022 bonds at 6.06% vs 5.86%
- hanifs commented Oct 26, 2011
Why might as well say to infinity.
EFSF to be leveraged “several fold” Euro zone draft via Reuters
- hanifs commented Oct 25, 2011
I don't live in the US but I think QE hasn't worked so far. It just helps equities. They should stop talking about QE3.
Manufacturing Contraction Persists in October; Employment Turns Negative
- hanifs commented Oct 25, 2011
Obviously Sarkozy did not let Cameron know not to send his choir boy...
EU leaders' summits will take place tomorrow according to the UK
- hanifs commented Oct 25, 2011
Sufficient leverage should result in a total package that is 2T according to analysts. Really? Are we going to get this?
French finance minister says EFSF will get sufficient leverage effect
- hanifs commented Oct 25, 2011
They've agreed on an incomplete package? It's like signing on a dotted line without reading the fine print. But maybe there isn't a fine print yet as they are still working on it. What a farce and EURUSD still goes up....
German government and main opposition parties agree on joint motion for EFSF leverage...
- hanifs commented Oct 24, 2011
DragonFire Everywhere I read I see people are short the EUR. If you read serious blogs such as the excellent Zerohedge, they explain why fundamentally the Eurozone is in dire straits. The bailout maths just don't work out. Even so, the the EUR ...
It’s all good!
- hanifs commented Oct 24, 2011
So much for black Monday after THE weekend for EURO. Lying turds...
It’s all good!
- hanifs commented Oct 22, 2011
I've also read that contagion has reached French banks since French bonds have diverged from Bunds. The French banks have been repatriating EUR by selling USD. This started a couple of weeks ago. This has then led to the short squeeze as shorts have ...
Corporate FX Hedgers Think Euro Will Fall To $1.30 This Year: J.P. Morgan
- hanifs commented Oct 21, 2011
Merkel's hands are now tied, there is no more money. The EUR needs to decouple from risk and plummet for fundamental's sake.
German Budget Committee Caps EFSF Guarantees At €211 Billion
- hanifs commented Oct 21, 2011
But nothing knocks euro off it's perch.
Troika: Greece has taken a turn for the worse–BBG
- hanifs commented Oct 21, 2011
Bernanke is devaluing the USD to boost stocks. Since US GDP is 70% consumer led, he thinks boosting stocks will make people feel the economy is doing well and for companies to hire.
Dollar on the dive
- hanifs commented Oct 21, 2011
ZH is brilliant as always.
FT Deutschland Pronounces Deutsche Mark's Return, Sets EURDEM Exchange Rate At 1.95
- hanifs commented Oct 21, 2011
This is all deliberate between central bankers. They know news from Europe is going to be negative this weekend so they say things which will squeeze out the shorts further. The last two weeks it's just algo trading with headline feeds. This is just ...
Dollar on the dive