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Posts posted by arthurwasright

  1. Yep...just waiting our turn at the moment...I imagine we are next on the list after France

    It shouldn't come as a surprise to anyone...in fact the only surprise should be they haven't done it long ago

    What would really be interesting is if the peripheral debt crisis started to cast doubts on the credit worthiness of Germany and the bond vigilantes started eyeing them up.

  2. Not surprised.. if the ECB is buying Italian and Spanish debt and Germany is the main contributor to the ECB.. at the end of the day Germany is on the hook for the whole of Europe.

    Surely sooner or later it's got to be reflected in the German Bund yield as well

    I seriously think it's time everyone liquidated every surplus asset and bought gold if they haven't already done so

    I haven't

    Where is the best place get some?...One of those vending machines?...Or have they been looted?

  3. I'm sure Spain made another denial they needed a bailout

    Oh no...I remember now it was Italy :blink:

    Yeah that's right Italy definitely won't need a bailout.....no how.. no way ..Jose

    Probably not anyway

    We'll let you know

    Well maybe just a little bit...but we won't spend it...it's just for security you understand

    We don't actually need it...feck no...Silvio says out debt levels are similar to Germany

    So there can't be a problem :rolleyes:

  4. Personally I am starting to wonder if we will look back on this time in a few years and say if only I had the nerve to buy bank shares back then I would have made a mint..

    Thats the classic conundrum isn't it?....Everyone wants a sure thing...Well unfortunately that's an isa with a negative real interest rate

    The government may want to sell off some of the nationalised banks before the next election and to precipitate that with some bank share ramping...

    Just my gut feeling...but the tide will turn one day and when it does there is a lot of money to be made

  5. Don't get too excited about these people losing everything....when they say they have lost everything...it aint like you and me losing everything...

    It's like they have lost the Lambourghini the multi billion dollar company and the private jet....but they are still rich beyond anyones widest dreams and still will never have to work again in their lives...this is all so much toss for the masses to make them feel better...He's probably got more money stashed in a Swiss bank account than the gdp of Ireland

    Fortune wiped out ...so what...plenty more where that came from......These people walk between the rain drops

  6. Had a quick look at it...but started getting annoyed at listening to all the Labour benefits and handout whingers.When are they going to realise this country cannot afford to keep handing out money for nothing.They simply have to learn to stand on their own two feet......It's so tiresome.

    Me me me ...I want ..I want ...I want....

    Well you can't have ...

    You'll have to go to work for it and save...and wait....

    Yes that's right ...you'll have to wait...

    Irritating little handout oiks...try making something for yourself for once

  7. Ok so let's call that formal denial numero uno.

    Is it possible to keep a tally of the number and frequency of all subsequent denials up and until the time they formally apply for a bailout

    Perhaps if we were to add up all the denials from Greece,Ireland ,Portugal and Spain combine it with a complicated arithmatic formula and some Romanian btl mortgages bundle it all up and sell it to the Chinese...Yes I think that would work....Magic formulas linked to eastern european mortgages in exchange for cash....with which we promise to buy tat.

  8. Ring Ring..

    Hi .....Can I speak to the Chairman of the ECB?

    Who's speaking please?

    The P.M. of Portugal

    I'm afraid Mrs Mirthel isn't available right now....would you like to speak to Mr Cliche instead?

    Ok he'll do.......I'm afraid I need to borrow a rather large amount of money....as we are broke and no one else will lend to us at an affordable rate

    Oh dear.....well...I'm sure we can help but of course it's going to look bad on you ...but it's probably for the best ...start a new with someone else and all that ...make a fresh start .........you understand?

    Yes of course

    Ok......money will be available first thing in the morning......I'll have them credit your country account tonight


    Glad to help

    Probably won't see you again...gonna keep a low profile for a while

    Yep ..we understand....revolting peasants and all that...ho ho...

    Yes....I feel a little guilty

    Oh don't...it's not your fault...you'll get through this...the recovery is just around the corner...higher growth...our little mediterranean tiger....growl....hehe....chin up fella......we are doing all we can to help......rest asured......in fact tomorrow we're gonna stick interest rates up...just as a gesture of goodwil for ya.....how's that feel?...haha....baaaahhh...just joshing

    Sobbing noises

    Oh come on fella....you didn't really believe all that stuff we sold you about you being the same because we're all in the Euro together did you...?....Look at it this way...the sooner you all go broke the sooner we can get some nice Germans down there to buy up your assets nice and cheap....How's that sound?...Anyway must go now....need to have a chat with Espanyol........


  9. It certainly seems a bit like that

    I think that you are probably right.. perhaps if M4 was negative or 0.5% I could understand it, but 3% sounds like a healthy level of growth to me.

    Because M4 has been touching 10% over the last few years, it seems we are taking this as a normal rather than unhealthy level of credit expansion. Either I simply understand nothing, or we are scrambling to get back to overheated/unstable credit expansion as quickly as possible, not by accident but as a matter of monetary policy. Why?!

    Presumably they feel that 1930's type levels of unemployment would not be condusive to the voters giving them another term in office.

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