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To: TH who wrote (274992)	9/11/2010 3:33:33 PM
From: yard_man	Respond to of 306849

wait -- it might be a trick -- I'll ask ggersh.

To: TH who wrote (274992)	9/11/2010 4:06:21 PM
From: Giordano Bruno	Respond to of 306849

When it comes to lying the Europeans do not hold a candle to us. Complete amateurs as liars, embarrassingly so. The paper, penned by Adrian Blundell-Wignall and Patrick Slovik, provides a useful accounting of just how much the stress tests ignored. The banking books contain more than 1.6 trillion euros in EU government bonds, compared to only 336 billion euros on the trading books, for a grand total of more than 1.9 trillion euros. Using the stress tests’ own worst-case scenario, the authors estimate that banks’ total losses would be 165 billion euros, compared to the stress tests’ estimate of only 26 billion euros. Adrian Blundell-Wignall and Patrick Slovik would have either been bought or met with an accident here. BTW, this was buried. noir.bloomberg.com The Czech Republic backed Slovakia for good reason. reuters.com So, while we fabricate and mold our stats until revision time and then do it again. The Europeans are a bit more fragmented and in need of a course on collusion. Things don't look too bright in Euroland. Oh, will we be raising the debt ceiling before or after the elections?

To: TH who wrote (274992)	9/12/2010 9:36:26 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

IMF says risks to global growth have intensified ...The IMF also called for the rebalancing to include credible plans by advanced economies to cut budget deficits in the future. "This fiscal adjustment should begin in 2011, even if activity is modestly weaker than presently projected. However, the IMF said that if growth threatens to slow appreciably more than expected, G20 countries should resort to monetary measures first, although it acknowledged that such defenses had "become thin". reuters.com In other words, we hope you enjoyed our indifference on the matter and look forward to sharing further complacent opinions in the near future. youtube.com