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


To: TobagoJack who wrote (68768)11/28/2010 7:11:48 PM
From: carranza21 Recommendation  Read Replies (2) | Respond to of 219528
 
The skinny on the Irish bailout:

ftalphaville.ft.com

Spain, like subprime, is contained:

bloomberg.com

Spanish Economy Minister Elena Salgado yesterday also reiterated that her economy -- the euro zone’s fourth-largest and almost twice the size of Portugal, Ireland and Greece combined -- won’t need aid either. As well as slashing its budget gap, the country has brought regional spending under greater control and half of its debt is held at home, limiting the threat of a withdrawal by foreign investors. It too doesn’t face the first of its 45 billion euros in bond redemptions next year until April.

More on Spain below. Warning: Mature audiences only, viewer discretion suggested.

wallstcheatsheet.com



To: TobagoJack who wrote (68768)11/28/2010 8:13:41 PM
From: carranza2  Read Replies (1) | Respond to of 219528
 
Yields on 10 year US treasuries trending down, USD up versus Euro, all predictable, chicken-gutted and tea leaf read. The vigilantes are out in force this evening/morning.

The slight negative pressure on yield on the ten year treasuries is good for gold, though of course USD strength is not.

Let's not forget the fundamentals: QE2 and low interest rates along with extraordinarily inaccurate measures of inflation result in negative real interest rates. So long as those conditions prevail, the Euro's wiggles, etc., are not significant except in the short term.

As one who is not interested in the short term except for an opportunity to buy cheaply, I am simply a more or less bored observer sitting on the sidelines.

Will in all probability double short the Euro via DRR when trading begins tomorrow. My life is dull, I need some excitement.