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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (46446)	2/15/2009 8:44:59 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 218631

no argument about the ECB as it is not the US FED as far as capabilities are concerned, but if comparing apples to apples Z1 is very telling as is the US Treasury report. Everything else is child play when compared to US outstanding obligations. Also keep in mind that since GS, JPM, MS, GECC, GMAC etc., are also highly leveraged similar to EU banks. Certain Austrian banks are in precarious situation compared to the AU GDP but if compared EU banks to US banks it is very similar. The problem the EU has is that each country is on her own to date and this should change as in the US no state is at the end on his own - but has the FED Government to call upon. As to the Telegraph I read them also - many forgot the 100 year war it seems <GGG> not to mention WWI or WWII

To: KyrosL who wrote (46446)	2/15/2009 8:51:03 PM
From: energyplay	Respond to of 218631

While the Daily Telegraph is reasonably reliable, note that the Telegraphy, the Economist, and the Spectator are skeptical of the Euro, and many expect and/or prefer that it blow up. While they may serve as an early waring system for the Euro's problems, they might also tend to exaggerate. Similar observations apply to most pro-Euro publications. I don't know of an disinterested observers with detailed knowledge - everybody seems to have a horse in the race, maybe multi million derivatives positions on the outcomes. We should note that many European countries have much more state support of industry already in place, and that the Eastern European countries are building from a lower wage base, so they should be more robust.