Tuesday, July 17, 2012

Cash flows out of Spain & Italy to UK

The euro graph of doom

"The flight to safety has prompted a collapse in yields on government bonds in Germany, the US, Switzerland, Sweden, and to some extent the UK too. Naturally, this has also driven up their currencies, except in the case of Germany, where because of the single currency, no such thing can happen". (It's unsustainable, but how much longer will it last?).

Posted by alan @ 09:51 PM (2164 views)
Please complete the required fields.



7 thoughts on “Cash flows out of Spain & Italy to UK

  • “Italian PM Mario Monti says the region of Sicily is close to defaulting on its debts, and he is seeking confirmation that the governor will resign”. BBC news & Reuters

    Reply
    Please complete the required fields.



  • general congreve says:

    Nice one Sicily! Let’s get the Euro Destruction Party back on full tilt 🙂

    Reply
    Please complete the required fields.



  • This feels like a George Soros moment. In 1992 before Black Wednesday, everybody knew that Sterling’s link to ERM was unsustainable. Soros had the balls to gamble on it, and he won big. In the present eurozone crisis, there is something just as obvious staring at us. We could win big. It’s just a matter of timing…..

    Reply
    Please complete the required fields.



  • One comment says: “OK, just for those who are slightly less mentally agile: The whole point of this interminable eurozone prevarication is to allow the elite time to convert their personal wealth to secure assets before the derivative bombs explode. “. I wonder just how much personal wealth was converted into UK houses I wonder? If the Euro collapses then I wonder if these properties could be used as part of the Euro liquidation process. If so, then surely converting personal wealth to a house is little use if those assets can be tracked down.

    Reply
    Please complete the required fields.



  • “Greece’s coalition government will seek a bridging loan to tide it over while it scrambles to find €11.7bn of spending cuts to bring its bailout plan back on track”, Reuters reports

    Drewster,
    Roubini thinks the can is becoming too big to kick for Euroland. (carried in most media today). He bets it will fold next year.

    Reply
    Please complete the required fields.



  • “Spain’s banks had 155.84bn euros (£122bn) of loans on their books in May that are at risk of not being repaid, the highest since 1994”. BBC posted 5 mins ago.

    Endgame approaches riding on a black horse (No, its not the Lloyd’s ad).

    Reply
    Please complete the required fields.



  • general congreve says:

    I have a feeling that we are approaching the top of the seemingly endless and painfully slow journey to the top of the roller coaster, before we suddenly tip over the edge for a truly terrifying ride. Let’s hope this is really it and they can’t manage to throw down any more track to delay the fun.

    @4 – Exactly, the wise man goes untraceable with no counterparty risk.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>