Batten down the hatches and get into cash
13 July 2011, 06:48 PM
#91
So, to sum up,
Personally I think you are all bigging it up, there will be a plan and we will all end up poorer but I cant see it being Armageddon, this feels like the dying throes of a game of Monopoly on a grand scale.
Personally I think you are all bigging it up, there will be a plan and we will all end up poorer but I cant see it being Armageddon, this feels like the dying throes of a game of Monopoly on a grand scale.
13 July 2011, 06:49 PM
#92
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I must say the idea of that appeals to the anarco-capitalist in me.
13 July 2011, 07:37 PM
#94
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13 July 2011, 07:39 PM
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13 July 2011, 08:07 PM
#96
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I think I might just buy Greece and be done with it ...
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and Ireland, Italy, Spain and Portugal .....
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and, what do I do with the other half of my money?
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and Ireland, Italy, Spain and Portugal .....
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and, what do I do with the other half of my money?
14 July 2011, 02:47 AM
#98
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It is easy to ascertain the level of debt in issued bonds - the usual form of Government security.
Other, hidden debts, could be lied about so the only dimension is worse. And what is known is terrible.
14 July 2011, 02:49 AM
#99
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The real problem is is this the beginning of the end or the end of the beginning. If it is the latter, 2008 will seem like an amuse bouche compared to what is about to happen.
The Euro issue alone will force fundamental shifts in the European Community.
18 July 2011, 03:36 PM
#103
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Banks taking a pounding again today. Gold and silver up, European yields - especially Italy and Spain - on the up again.
Haven't really been keeping an eye on stock prices, but just noticed now that Barclays has lost around a third of its value in this last quarter!
Haven't really been keeping an eye on stock prices, but just noticed now that Barclays has lost around a third of its value in this last quarter!
18 July 2011, 03:38 PM
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18 July 2011, 03:45 PM
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18 July 2011, 03:53 PM
#106
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Steve, it's a reflection of the cost of money to these countries. Anything past 7% on their 10 year debt is considered a sign that nobody wants to lend them money because the risk of not getting it back is too high.
Personally i think it's inevitable that Italy will have to be bailed out. And i'll laugh if the Euro eventually needs to be disbanded, it was a huge political error in the first place.
Personally i think it's inevitable that Italy will have to be bailed out. And i'll laugh if the Euro eventually needs to be disbanded, it was a huge political error in the first place.
18 July 2011, 04:30 PM
#108
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Yes, Steve, yields rising is not a good thing, as Tel says. It's the converse of a rising price (which means the bonds are in demand).
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