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If Anyone's Interested Watch S&P Monday Rate Topic: ****- 5 Votes

#11866 User is offline   R K 

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Posted 18 May 2012 - 04:50 PM

Perhaps Boris reads Pettis (it's clear Dave/Osborne don't)

http://www.economoni...leave-the-euro/



Quote

There are two reasons why I was and am fairly sure that Spain cannot stay in the euro (or, which amounts to the same thing, that Germany will leave the euro instead of Spain). The first has to do with the logic of Spainís balance of payments position, and the second has to do with the internal dynamics that drive the process of financial crisis.

To address the first, I would start by noting that thanks to excessively loose monetary policies driven primarily by German needs over the past decade, Spain has made itself wholly uncompetitive in the global markets and in so doing has run large current account deficits for nearly the entire past decade. Its fundamental problem, in other words, has been the process by which its savings rate has collapsed, its cost structure forced up, its debt levels soared, and a great deal of investment directed into projects, mostly real estate, that were not economically viable. As I have discussed often enough in previous issues of this newsletter, I think all of these problems are related and are the automatic consequences of the same set of policy distortions implemented in Spain and in Germany.




2 years beyond time for the denial in Berlin and Brussels to stop.

They're dangerous idiots.





"The problem with capitalism is that eventually you end up with everyone else's money" RK
"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
QE £100bn and build 1m council homes - RK
Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13

#11867 User is offline   R K 

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Posted 18 May 2012 - 05:20 PM

Quote

DJ FX Trader@djfxtrader Meeting at White House, Hollande and Obama agree Greece should remain in euro



Merkin and co being out maneuvred.

Cough up Schauble.




"The problem with capitalism is that eventually you end up with everyone else's money" RK
"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
QE £100bn and build 1m council homes - RK
Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13

#11868 User is offline   Georgia O'Keeffe 

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Posted 18 May 2012 - 05:37 PM

View PostBanana Monarchy, on 18 May 2012 - 05:20 PM, said:



Merkin and co being out maneuvred.

Cough up Schauble.

Hollandes just upset with Merkin bitch slapping her french poodle around the Red Carpet in Berlin?

This post has been edited by Georgia O'Keeffe: 18 May 2012 - 05:52 PM


#11869 User is offline   hotairmail 

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Posted 18 May 2012 - 05:59 PM

Mish's wife has died...


http://www.debtdefla...as-passed-away/


#11870 User is offline   scepticus 

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Posted 18 May 2012 - 11:29 PM

View PostBanana Monarchy, on 18 May 2012 - 01:51 PM, said:

h/t @faisalislam



:D

Tory turns communist.


Its the blonde tory syndrome (e.g. Heseltine).

I'm blonde (but more stylishly so I like to think), and I'm a tory when it comes to the deficit and a socialist when it comes to monetary policy!

#11871 User is offline   hotairmail 

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Posted 19 May 2012 - 09:58 AM

ITBM and ITVM indicators (don't recall seeing those before)


http://blogs.stockch...weeks-away.html


#11872 User is offline   hotairmail 

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Posted 19 May 2012 - 01:04 PM

dow theory (as if you didn't already know)



http://blogs.stockch...-indu-tran.html


#11873 User is offline   hotairmail 

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Posted 19 May 2012 - 03:33 PM

Just re-reading Adam Hamilton from May 4th...this is the summary...

http://www.marketora...ticle34492.html


Quote

While the latest fear-index reads suggest the topping process has already started today, we are still a month or two out from the ultimate stock-market highs based on bull-to-date precedent. This is actually very fortuitous, as it gives speculators plenty of time to layer out of positions put on for this upleg. And cash is king after any topping, whether it leads to a mid-bull correction or a new bear market.




(I wonder after gold and juniors, now this, whether he is starting to doubt himself)

This post has been edited by No Future: 19 May 2012 - 03:34 PM



#11874 User is offline   hotairmail 

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Posted 19 May 2012 - 10:13 PM

:lol: Sorry Spuds.




This post has been edited by No Future: 19 May 2012 - 10:52 PM



#11875 User is offline   okaycuckoo 

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Posted 19 May 2012 - 11:48 PM

View PostNo Future, on 19 May 2012 - 10:13 PM, said:

:lol: Sorry Spuds.





Contrary indicator?

I prefer ...


The bankers rubbed their palms together, and the economy went up in flames.

"If the government is big enough to give you everything you want, it is big enough to take away everything you have." Gerald Ford.

#11876 User is offline   pl1 

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Posted 20 May 2012 - 08:40 PM

Maybe time to update this semi-famous blog:

http://brokershandso...log.tumblr.com/

#11877 User is offline   R K 

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Posted 21 May 2012 - 12:49 PM

Gideon's a rent boy?



Posted Image Flag this media


"The problem with capitalism is that eventually you end up with everyone else's money" RK
"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
QE £100bn and build 1m council homes - RK
Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13

#11878 User is offline   R K 

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Posted 21 May 2012 - 01:58 PM

#correctionism etc etc (couple of days old)

http://www.guardian....se-solar-panels



Quote

The Obama administration imposed heavy tariffs on Chinese solar panels on Thursday, after finding that China is flooding the market with government subsidised products.

Quote

The preliminary decision, that China had dumped solar products on the US for less than the cost of manufacture, will result in tariffs of between 31% and 250% on Chinese imports.


It was seen on Thursday as a mixed blessing.

US solar panel makers, who brought the original complaint, are expected to benefit. But the tariffs, by forcing up prices, are expected to slow the adoption of solar power more generally.

There were also fears the move could lead to a broader US-Chinese trade war.





"The problem with capitalism is that eventually you end up with everyone else's money" RK
"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
QE £100bn and build 1m council homes - RK
Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13

#11879 User is offline   hotairmail 

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Posted 21 May 2012 - 02:21 PM

View PostBanana Monarchy, on 21 May 2012 - 12:49 PM, said:

Gideon's a rent boy?





You'll like this one....

http://www.telegraph...mmy-winner.html


and this...


Posted Image


#11880 User is offline   okaycuckoo 

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Posted 21 May 2012 - 02:25 PM

Very clear der spiegel article on Germany's eurobond dilemma:

http://www.spiegel.d...s-a-781524.html

No to inter-government agreement, two years for intra-EU treaty, domestic referendum can't be won.
The bankers rubbed their palms together, and the economy went up in flames.

"If the government is big enough to give you everything you want, it is big enough to take away everything you have." Gerald Ford.

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