Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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From: Eva	5/20/2011 2:32:46 PM
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update -- trotsky, 14:20:44 05/20/11 Fri Japan's economy, Threats from the ECB, and Comrade Blinder's Debt Ceiling Jeremiad Japan's economy continues to contract 'more than expected'. Evidently the supply chain disruptions caused by the tsunami are more difficult to overcome than was hitherto believed. Nevertheless, we like Japanese stocks, in spite of all the well known problems the country faces - because they are cheap. The ECB is now threatening to no longer accept Greek government bonds as collateral should anyone dare to implement a debt restructuring (err, 'reprofiling'). The ECB was sidelined from the debate recently and apparently wants to beat its way back in with the ugly stick. Is it an idle threat? Not according to the ECB's rulebook - it has full discretion over what to accept as collateral. Comrade Alan Blinder, former Fed vice chair, admirer of the Soviet GOSPLAN agency and now poisoner of young minds at Princeton, is regaling us whith Geithnerian apocalyptic visions over the prospect of curtailing government spending as a result of the debt ceiling debate. Yet another establishment intellectual who thinks nothing about spending other people's money with both hands. acting-man.com

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