Forum
Posts by "catnip"
2150 Posts Total by "catnip":
2148
Posts by Anonymous "catnip":
2010 article in the Kremlin-controlled RIA Novosti. Polish President Lech Kaczynski and central bank Governor Slawomir Skrzypek were killed today along with several key members of the countrys political elite when their plane crashed in western Russia.
Here is the excerpt from RIA Novosti April 7. :
"Regrettably, new myths are cropping up in today's Poland. The biggest myth has to do with "the threat from the East." The Kaczynski brothers - the president and former prime minister - have spoken freely about this danger, and until recently, Poland was under their sway.
One of the brothers, Lech, is still the president. In the last few weeks, he openly expressed his jealousy of Prime Minister Donald Tusk, who was invited by Putin to visit Katyn. Until this year, memorial ceremonies at the graves of the Polish officers at Katyn were a strictly Polish affair. Polish presidents and ministers visited the site but unofficially. These were almost family events with the officers' relatives in attendance.
This is the first ceremony attended by Russian leaders but not the Polish president. Kaczynski's stated intention to visit Katyn three days later with the relatives of the dead and a propaganda landing party is a political gesture motivated more by discontent and envy than respect for the memory of the victims.
Kaczynski got the hint, and he will have to bear responsibility for his speech at a square in Tbilisi next to the war criminal Mikheil Saakashvili several days after the attack on Tskhinval - a speech filled with irresponsible anti-Russian rhetoric. Kaczynski may only be judged by history for his actions, but one thing is certain: he will not be remembered as a political leader ..."
The key however is
The lack of clarity regarding the mechanism for timely external financial support may have hindered Greeces access to market finance at affordable cost and hence further undermined confidence in the capacity of the government to meet its fiscal targets, Fitch said in an e-mailed statement.
EU has indeed no mechanisms established to react in real time to instabilities. Instead EU and local govts spent months debating the role of speculators.
One could expect EUR/USD to break over 1.35 and reach up to 1.36 JPY and GBP getting weaker and 10 year note yield to rise above 4%. But it won't last long, until May at most.
yes it is intended to benefit Gr correct BUT it must be valid for all Euro zone members eventually.
Consider EUR is not a currency, it is a political/legal treaty based construct. I think the proposed qe bailout had little to no chance to be voted for by all members as it is not permitted by EUR "constitution" but under that pressure a sort of workaround is due. It could work and hold if and only if
there is a economical recovery globally otherwise it will end up in a vast disaster.
at the same time as FED tightens can only be a temporary lift of EUR.
I consider going long on US 10 y June note. I suppose PBOC doesn't move right now and does no tightening immediately BOC call options rally a bit.
supposedly non perfoming GR bonds which they already hold.
Next logical step were to bring workload outsourced to China and Eastern Europe to Greece...but that won't happen. So wait for the next shoe to drop it won't be long.