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Germany: You Are On Your Own Meinen Freunden

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http://uk.finance.yahoo.com/news/Eurozone-members-left-fend-tele-414187335.html?x=0

Eurozone members left to fend off markets alone
Philip Aldrick, 19:39, Tuesday 7 December 2010
European nations in crisis over their massive debts have been left to sort out their woes alone after Germany opposed any increase to the eurozone bail-out fund.

Cheaper houses coming up in Spain then. :)

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http://uk.finance.ya...187335.html?x=0

Eurozone members left to fend off markets alone
Philip Aldrick, 19:39, Tuesday 7 December 2010
European nations in crisis over their massive debts have been left to sort out their woes alone after Germany opposed any increase to the eurozone bail-out fund.

Cheaper houses coming up in Spain then. :)

Doesn't that translate as 10's of thousands have house repo'd in UK to pay for debts incurred - Spanish Speculating?

Silly fools!

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Don't know why, but I thought this worthy of some musical theatre:

http://www.youtube.com/watch?v=CX-24Zm0bjk

[EMCEE]

Meine Damen und Herren. Mesdames et Messieurs,

Ladies and Gentlemen; it is almost midnight!

Husbands- you have only ten seconds in which to

lose your wives! Five- four- three- two- one!

Happy New Year!

[sALLY]

You have to understand the way I am,

Mein Herr.

A tiger is a tiger, not a lamb.

Mein Herr.

You'll never turn the vinegar to jam,

Mein Herr.

So I do...

What I do...

When I'm through...

Then I'm through...

And I'm through...

Toodle-oo!

Bye-Bye, Mein Lieber Herr.

Farewell, mein Lieber Herr.

It was a fine affair,

But now it's over.

And though I used to care,

I need the open air.

You're better off without me,

Mein Herr.

Don't dab your eye, mein Herr,

Or wonder why, Mein Herr.

I've always told you I was a rover.

You mustn't knit your brow,

You should have known by now

You'd every cause to doubt me,

Mein, Herr.

The continent of Europe is so wide,

Mein Herr.

Not only up and down, but side to side,

Mein Herr.

I couldn't ever cross it if I tried,

Mein Herr.

So I do..

What I can...

Inch by inch...

Step by step...

Mile by mile...

Man by man.

Bye-Bye, Mein Lieber Herr.

Farewell, mein Lieber Herr.

It was a fine affair,

But now it's over.

And though I used to care,

I need the open air.

You're better off without me,

Mein Herr.

[sALLY AND GIRLS]

Don't dab your eye, mein Herr,

Or wonder why, Mein Herr.

I've always told you I was a rover.

You mustn't knit your brow,

You should have known by now

You'd every cause to doubt me,

Mein, Herr.

Bye-bye, mein Lieber Herr,

Auf wiedersehen, mein Herr.

Es war sehr gut, mein Herr

Und vorbei.

Du kennst mich wohl, mein Herr,

Ach, lebe wohl, mein Herr.

Du sollst mich nicht mehr sehen,

Mein Herr.

[sALLY]

Bye-bye, mein Lieber

[ From: http://www.metrolyri...cs-cabaret.html ]

[GIRLS]

Bye-bye, mein

Lieber Herr

[sALLY]

Herr...

[GIRLS]

Auf weidersehen,

Mein Herr.

Es war sehr gut,

[sALLY]

Und Vorbei.

[GIRLS]

Mein Herr

Und vorbei.

[sALLY]

Du kennst

Mich wohl,

[GIRLS]

Du kennst mich,

Wohl, mein

Herr,

[sALLY]

Mein Herr...

[GIRLS]

Ach, lebe

Wohl, mein

Herr.

Du sollst mich

Nicht mehr

Sehen,

[sALLY]

And bye-bye

[sALLY AND GIRLS]

Bye-Bye, Mein Lieber Herr;

Farewell, mein Lieber Herr.

It was a fine affair,

But now it's over.

And though I-

Used to care,

I need the-

Open air.

[sALLY]

You're better off

Without me,

[GIRLS]

Auf wiedersehen...

[sALLY]

You'll get on

Without me

[GIRLS]

Es war sehr gut...

[sALLY]

Mein

[GIRLS]

Du kennst nicht

[sALLY]

Herr...

[GIRLS]

Wohl...

Ach, lebe wohl!

Bye bye, mein

[sALLY]

Herr,...

[GIRLS]

Auf wiedersehen,...

Bye bye mein Herr!

[EMCEE]

The final performance of Sally Bowles! Thank you,

Sally. Bye-bye!

Edited by Mikhail Liebenstein

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http://uk.finance.yahoo.com/news/Eurozone-members-left-fend-tele-414187335.html?x=0

Eurozone members left to fend off markets alone
European nations in crisis over their massive debts have been left to sort out their woes alone after Germany opposed any increase to the eurozone bail-out fund.

If this is accurate then we are looking at a good correction in risk markets. I still feel that with GOLD very strong on fundamentals we would be looking at 1250/1300 before going up to 1500/1600 then down to 1000/1200 in the big leg down next year (H1).

If this correction takes hold then we're lookig at 1130 S&P before final surge up to 1300/1400. If it breaks 1130 and continues then the next leg down will have started. 950 will be easy in this case.

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If this is accurate then we are looking at a good correction in risk markets. I still feel that with GOLD very strong on fundamentals we would be looking at 1250/1300 before going up to 1500/1600 then down to 1000/1200 in the big leg down next year (H1).

If this correction takes hold then we're lookig at 1130 S&P before final surge up to 1300/1400. If it breaks 1130 and continues then the next leg down will have started. 950 will be easy in this case.

How on earth do you deduce that all the above will go DOWN then UP and then DOWN from this news release? Can you explain please?

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How on earth do you deduce that all the above will go DOWN then UP and then DOWN from this news release? Can you explain please?

He's a chartist (i.e slightly bonkers).

On topic, Germany will have to bail its own banks out if they stick to their guns. Pretty dumb on the Germans part but, hey ho.

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They've said this before but at the first sign of trouble they back pedal hurriedly.

Exactly. Spot on. They said that the Lisbon Treaty did not allow for European states to be bailed out, but they changed the rules quickly enough when the SHTF in Greece.

Edited by Take Me Back To London!

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They are now very worried at their Electorate rebelling, signs are the German People have had enough at being the No 1 EU Charity. :rolleyes:

Absolutely agree. The truth is they're stuck between a rock and a hard place. Which is why they'll scream no more bailouts from the rooftops whilst finding some surreptitious way of doing the exact opposite of what they say. That's how I understand the ECB lender of last resort thing. Funding insolvent banks who can then lend the money they've raised to their insolvent sovereigns.

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He's a chartist (i.e slightly bonkers).

On topic, Germany will have to bail its own banks out if they stick to their guns. Pretty dumb on the Germans part but, hey ho.

...chart trends are often more reliable than economic forecasting (which one of say fifty? )...... :rolleyes:

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They are now very worried at their Electorate rebelling, signs are the German People have had enough at being the No 1 EU Charity. :rolleyes:

But Merkel has just won and election so no more elections in Germany for a few years.

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The news was out in time for the US markets, but nothing dramatic happened.

My recent observations (which, I must admit, are pretty amateurish) are that the speculators need a few hours to digest how to react to big news (e.g. the size of QE2 when it was announced) and how their peers are taking it. So, basically, US traders may not have had enough time to make up their minds.

More likely, though, is that no one believes what Germany says any more.

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The news was out in time for the US markets, but nothing dramatic happened.

My recent observations (which, I must admit, are pretty amateurish) are that the speculators need a few hours to digest how to react to big news (e.g. the size of QE2 when it was announced) and how their peers are taking it. So, basically, US traders may not have had enough time to make up their minds.

More likely, though, is that no one believes what Germany says any more.

Euro seems to have fallen but not hugely. And I think you're right - they've lost all credibility.

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  • 309 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%



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