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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (183966)	2/14/2009 9:22:16 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

Thats no joke.... theres a huge trading (shorting) opp. in austrian government bonds and also, new austrian bank bonds g´teed by government. They trade still too tight to German Govts and nowhere near Ireland debt levels. And one has to keep in mind that the unimpaired CEE bank debt is 250% of the Austrian GDP. Icelandic dimensions. A tribute to: youtube.com The first austrian bank with its huge investment in CEE, and an overleveraged large owner (the old bank holding) becoming unstable will also be the first to go. It is for locals, not a pretty sight. But I believe it is "necessary". "A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen. I could not agree more. Talk of slovak, hungarian and romanian peasants and workers not paying their dues for cars and home improvements. They have virtually nothing. A tragedy.