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Thread: Euro will collapse, 'Pig States' to bring EU down

  1. Link to Post #201
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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    Quote Posted by lightblue (here)
    .
    so what is likely to happen to british pound? it's not mentioned anywhere - it must be worth something... l.
    Do you see the correlation between the pond and euro? the timescale is 3 months for the euro and about 1 month for the pound






    BTW, the Euro is now trading below 1.300


    .
    Last edited by bashi; 30th November 2010 at 19:42.

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    Netherlands Avalon Retired Member
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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    Seems Belgium is hooking in on increasing interest rates...
    Did not find a linky yet.....

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    United States Avalon Member mgray's Avatar
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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    Shocked Portugal downgraded by S&P to negative outlook. While EU officials request new "secret" stress tests for the banks.

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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    "Euro zone debt crisis deepens

    The yield -- the rate of return -- on 10-year Spanish bonds rose above 5.50 per cent from 5.46 per cent late on Monday and for fellow struggler Portugal to 7.072 per cent from 7 per cent.

    The gap between Spanish and benchmark German borrowing rates at one stage widened to 3 percentage points, an all-time high."

    http://www.brisbanetimes.com.au/busi...201-18fnb.html

    No secific numbers for belgium bonds, i think they are still under water, but rising slowly...

    .

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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    ECB bought Irish and Portuguese bonds today, according to Bloomberg.

    Portugal sold EUR 500 mln of 12-month bills this morning with yields rising from the prior November 17 auction, as expected, but demand being strong at 2.5x (compared to 1.8x at the prior).

    The Euro is trading above 1.300, due to "strong economic data" released today.

    All in all a more calm day...

  6. Link to Post #206
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    Default Trichet buys Europe some time

    A game to trick the market has succeeded:

    Trichet buys Europe some time
    http://www.businessspectator.com.au/...cument&src=rss

    For how long? For not very long, i think...

  7. Link to Post #207
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    Default Sovereign bond crisis keeps on growing

    It lasted for less than 24 hours:

    Sovereign bond crisis keeps on growing:

    "Yields on 10-year Spanish bonds have risen to nearly 5.5%, giving a record spread of nearly three percentage points over the equivalent German bond yield of 2.68%. German bonds are viewed as the eurozone's benchmark.

    The difference, or spread, between the yield on Portuguese bonds versus German bonds is even higher.

    Portuguese bond yields have climbed above 7% following comments from the country’s central bank that its banks face an “intolerable risk” unless the debt issue is sorted out.

    Five-year CDS premiums for Spanish bonds have risen to 365 basis points (bp), while Portuguese CDS are up to 565bp".
    http://www.londonstockexchange.com/n...on-growing.htm

    Folks, the Boss of the ECB tried to fool the market, and the market called the bluff not within months or weeks, but within half a day!!!
    If you don't realize by now how desperate the situation is, then i am afraid you will not get it until its all over!



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    Avalon Member Sabrina's Avatar
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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    The German chancellor, Angela Merkel, has warned for the first time that her country could abandon the euro if she fails in her contested campaign to establish a new regime for the single currency, the Guardian has learned.

    At an EU summit in Brussels at the end of October that was dominated by the euro crisis and wrangling over whether to bail out Ireland, Merkel became embroiled in a row with the Greek prime minister, George Papandreou, according to participants at the event's Thursday dinner.
    more here:

    http://www.guardian.co.uk/world/2010...y-abandon-euro
    Oh my ears and whiskers, how late it's getting!

  9. Link to Post #209
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    Default Spanish Bonds Fall for a Fifth Straight Day

    After a week of ups and downs, the already expected trend continued:

    “We’ve got a lot of supply next week in Spain, and that’s making investors a little bit wary,”

    because Spain is due to sell bonds maturing in 2020 and 2025 on Dec. 16.

    "The yield on the Spanish 10-year bond rose 13 basis points to 5.44 percent at 5:25 p.m. in London, up from 5.08 percent on Dec. 3."

    "That increased the yield premium investors demand for the bonds instead of benchmark German bunds to 244 basis points, the most in more than a week. "

    http://www.bloomberg.com/news/2010-1...eculation.html
    .

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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    The siege continues:

    Spain's Debt May Be Downgraded
    http://www.huffingtonpost.com/2010/1..._n_796924.html


    Eurozone debt crisis spreads to Belgium:

    "The yield spread on Belgian 10-year bonds has ballooned to 102 basis points over German Bunds"
    http://www.telegraph.co.uk/finance/f...ical-risk.html

    "On Dec. 15, 2010, Standard & Poor’s Ratings Services revised its outlook on the Belgian Community of Flanders to negative from stable. The action mirrors our outlook revision on the Kingdom of Belgium (AA+/Negative/A-1+)."
    http://investmentwatchblog.com/here-...kill-the-euro/

    .

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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    Irish debt downgraded:

    Ratings agency Moody’s gave a resounding thumbs-down on Friday to Europe’s efforts to resolve a rolling debt crisis, slashing Ireland’s credit rating by five notches

    The rare steep downgrade came in the middle of a European Union summit intended to restore market confidence

    “While a downgrade had been anticipated, the severity of the downgrade is surprising”


    http://economictimes.indiatimes.com/...ow/7120912.cms

  12. Link to Post #212
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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    It's refreshing to listen to Nigel Farage:

    Here one from 2009: These people are in the EU parliament....


    On the bailouts:


    On the future:



    The trends in EU bonds:




  13. Link to Post #213
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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    Greece and Ireland has risen this week with 10-year bond yields at euro lifetime highs above 7.5 percent, a level Lisbon says is unsustainable.

    Moody's slashed Greece's credit rating by three notches on Monday, citing an increased risk of default or restructuring, possibly before 2013.

    Moody's Investors Service cut Spain's sovereign debt rating one notch to Aa2

    source: http://www.euractiv.com/en/euro-fina...it-news-503001


    The yield on Portuguese five-year debt reached a euro-era record amid speculation...

    The yield on the Portuguese five-year bond rose as much as 23 basis points to 8 percent...and was at 7.99 percent as of 5 p.m. in London

    The 10-year yield was 22 basis points higher in the week at 7.60 percent

    Greek 10-year yields rose six basis points to 12.81 percent and similar-maturity Irish yields jumped 14 basis points to 9.65 percent.

    The 10-year yield on Spanish bonds fell eight basis points to 5.43 percent and similar-maturity Italian yields fell 11 basis points to 4.87 percent.

    source: http://www.businessweek.com/news/201...eculation.html

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  15. Link to Post #214
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    Default Re: Euro will collapse, 'Pig States' to bring EU down

    The people that tricked our countries into slavery now decide how much we pay for what ever and we think this is normal.

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