Jump to content
House Price Crash Forum
Realistbear

Some Doom And Gloom At Last!

Recommended Posts

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHXWc5FLdR9w&pos=2

Euro Weakens, Spanish Bonds Fall on Deficit; U.S. Futures Drop
By Stephen "Steve" Kirkland
June 16 (Bloomberg) -- The euro weakened, snapping a two- day rally against the dollar, and the bonds of Spain, Portugal and Greece fell on concern Europe’s deficits will persist. U.S. index futures declined and European stocks pared gains.
The euro depreciated 0.3 percent to $1.2293 as of 11:20 a.m. in London. The extra yield investors demand to hold Spanish 10-year bonds instead of benchmark German bunds rose to the highest since the euro’s 1999 debut. Futures on the Standard & Poor’s 500 Index dropped 0.3 percent and the Stoxx Europe 600 Index added 0.2 percent. The MSCI Emerging Markets Index advanced for a seventh day, increasing 0.5 percent. Gold climbed to within 1.4 percent of the record.

I think the bears are due some food and today may be the start of the much awaited teddy bears banquet.

A sudden realisation that the probelms of a couple of weeks ago have not been wished away and that the structural collapse in the EZ is still very much on track and its going to pull everyone else down with it--to one degree or another and we are closer to it than the US.

Share this post


Link to post
Share on other sites

i think the peaks and troughs concerning EZ will get deeper/higher and more frequent for a while, untill something/someone breaks, its going to be a very very bumpy rest of 2010.

i think most people are holding off to see what Ozzy says on the 22nd though, well VI's in UK PLC are before making their move

Share this post


Link to post
Share on other sites

Don't expect anything major now until the autumn - too many key people on holiday.

1929, 1987, 2008 - all the major financial collapses were in September/October time.

Share this post


Link to post
Share on other sites

It's very much like a roller coaster.

The powers that be are throwing everything at this to try and fix it. Although fixing it without the deleveraging is impossible.

I hear Trichet has bought 1 billion tickets for the Eurolotto rollover.

Share this post


Link to post
Share on other sites
Guest theboltonfury

Don't expect anything major now until the autumn - too many key people on holiday.

1929, 1987, 2008 - all the major financial collapses were in September/October time.

It would just be bad form to have a meltdown in holiday season wouldn't it.

Share this post


Link to post
Share on other sites

Didn't Trichet say the ECB is the market maker of last resort now ? So they really will print money to buy bonds/assets ? And speculators will love it; investors not so much.

Share this post


Link to post
Share on other sites

It would just be bad form to have a meltdown in holiday season wouldn't it.

A meltdown requires things like people to sell shares en masse or to change policy decisions on lending or borrowing.

Less likely to happen while either the CEO is in the Maldives or the minions who know what buttons to press are on Costa del Sol.

Share this post


Link to post
Share on other sites

Don't expect anything major now until the autumn - too many key people on holiday.

1929, 1987, 2008 - all the major financial collapses were in September/October time.

Sequel to the movie Wall Street (1987) coming out this September.

Plot Summary for

Wall Street: Money Never Sleeps (2010)

ad feedback

As the global economy teeters on the brink of disaster, a young Wall Street trader partners with disgraced former Wall Street corporate raider Gordon Gekko on a two-tiered mission: To alert the financial community to the coming doom, and to find out who was responsible for the death of the young trader's mentor.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 149 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.