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

To: carranza2 who wrote (76133)	7/8/2011 11:21:46 AM
From: elmatador	Respond to of 217786

Perpetual crisis is here. We will live through financial crises as a way of life. The status quo has (post WW II action among friends) outlived its usefullness. Once dead it was fed debt to keep going. Now it is time to pay the dues.

To: carranza2 who wrote (76133)	7/8/2011 6:24:41 PM
From: TobagoJack	Respond to of 217786

just in in tray per h acting man updates: 1. Mamma Mia! A look at crashing bond markets on the euro area's periphery and the developing 'gray swan' Italy. The crash in Portuguese and Irish bonds looks scary enough (it is hard to believe what huge moves have occured since April alone, never mind over the past year), but what is really worrisome is how this redounds on the bond markets of Spain and Italy. Italian government bond yields have broken out from a drawn out bullish consolidation and look to be headed higher. Spain and Italy of course would be one bridge too far in the context of EFSF bailouts. Italian bank stocks remain a rut - after a brief bounce, they are right back at multi year lows. Charts updated , some new ones added. acting-man.com 2. ECB rate decision Some ruminations on the rate decision and what was said during the press conference. Trichet supports our view of a feedback loop between markets and central banks: in a brief discussion over market expectations in the Q&A he explains the effect. Ironically, while the ECB has suspended rating thresholds for Portuguese collateral, it continues to steadfastly refuse to countenance accepting Greek bonds in the event of a default, even a 'selecive' one. As far as we can tell, all that differentiates Portugal from Greece are 300 basis points and a few weeks time. A brief look at the socialist calculation problem the central bank faces and the BoE's bizarre decision to leave its administered rate at a minuscule 0.5% and continue its money printing program, in spite of UK CPI being stuck way beyond 'target'. acting-man.com