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2150 Posts Total by "catnip":
2 Posts by member
catnip
(Frankfurt, Germany)
2148 Posts by Anonymous "catnip":
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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Mar 1, 2011 11:01
In Thread: EUR
The question is whether Eur debt crisis is manageable. If it is true that Weber granted credits
to Spanish Portuguese banks ( which is illegal) to help them pass the stress test then it is just a Ponzi scheme. Because the credit of Eur 386 bln is hot air. The Bundesbank doesn't have 386 bln.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Mar 1, 2011 9:11
In Thread: EUR
I am still investigating whether German Bundesbank is short of Eur 386 bln and hence bankrupt.
So far Weber has not resigned but was ousted.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 28, 2011 21:37
In Thread: USD
ok. algebra is precise target hit.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 28, 2011 21:36
In Thread: EUR
Why Weber resigned: Bundesbank may have to write off Eur 326 bln.
Apparently Bundesbank gave credits to liquidity strapped EZone banks. These rose from Eur 18 bln in 2008 to 326 bln in 2010. This is the secret of basically bankrupt but ever climbing spanish banks and savings. If there is a haircut, then Bundesbank claims will be cut as well.
Thus the air for Eur gets thinner day by day.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 28, 2011 20:46
In Thread: USD
ok US fx close will be EURUSD 13805 +- 5 pip ... asia trade , aussie nz dunno yet.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 28, 2011 20:14
In Thread: USD
Provide my algebraic , that is 100% chart-free method is correct EURUSD should now be capped around 13805. It will not go higher in US trade.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 28, 2011 20:12
In Thread: USD
No. The euro bulls mistake is they cannot compare US debt ( for ex. budget deficit ) with the respective EZone debt. Ezone debts aren't manageable, US debt is.
The Ezone administration in terms of cost outdoes US administration by a factor of 6. And none can be fired . US simply closes government and period. Unthinkable especially in officials' paradise Germany.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 28, 2011 20:01
In Thread: USD
Only the US has a manageable budget deficit.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 27, 2011 21:04
In Thread: Commodity FX (CAD AUD NZD NOK)
given that China GDP was cooked up anyway real GDP if officially 7% may really 5% and China has already 60 million officially unemployed... most possibly wealthy Chinese will start piling up commodities as hedge and so aussie will not drop but then eventually crash when China is full of stocked commodities. At start of trading aussie comes down a bit and USD goes up.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 27, 2011 15:38
In Thread: EUR
Nothing is settled but big number of maturities of troubled bonds due in March. What if Ireland leaves Euro? And eventually why not? It is possible. Banks will fail Euro would be hit hard.
Imo , I stay with Maestro Greenspan who said when Eur was introduced the common currency cannot last long. Mr Alan and Dr.Ben clever men.
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