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Posts by "cat0nip"

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1999 Posts Total by "cat0nip":
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cat0nip
(Frankfurt, Germany)
72 Posts by Anonymous "cat0nip":
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cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 21:18
In Thread: EUR
good article what is really going on in Italy
http://www.ft.com/intl/cms/s/0/1820324c-7d0b-11e2-8bd7-00144feabdc0.html
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 20:33
In Thread: EUR
In reply to DaveO's post
Italian law blocks polls two weeks before an election ( not a bad idea imho) so its all speculation. But Europe's leaders seemingly all count on Bersani with Berlusconi far off. I know our Italian neighbours quite well and I expect a much closer voting even with pirate party comedian Beppo getting 5%. The old
dolce vita clichee sticks but is not longer true. Berlusconi still has the media power and widely underestimated there are hundreds very popular private local radio stations more on the side of the anti austerity unions.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 20:20
In Thread: EUR
In reply to DaveO's post
Brother bank can you spare a dime? Not? Broke? Never mind.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 18:21
In Thread: EUR
Bought put options on italy sov bond futures ( 10 y). Very risky.
In case of deadlock I assume a selloff of italy bonds and rising yields. Close all open fx trades. Cyprus elections also to watch.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 16:56
In Thread: EUR
In reply to DaveO's post
but EUR has been the weakest major along this week...
Sunday elections Italy unlikely Berlusconi wins but if he is in a coalition...no Italian bank will ever repay any LTRO.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 15:39
In Thread: EUR
In reply to cat0nip's post
can anyone imagine what happens to EUR if it turns out that LTRO payback was a fake? There is no evidence Italian banks repaid a single cent.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 15:09
In Thread: EUR
In reply to cat0nip's post
the market sees the real state of Ezone banks quite correctly.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 15:06
In Thread: EUR
ah so what?
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 13:02
In Thread: GBP
In reply to cat0nip's post
exit cable long 1.5312 exit EURGBP short 8614
GBP strongest EUR weakest major.
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Feb 22, 2013 11:58
In Thread: EUR
In reply to DaveO's post
No summary. ECB official: there is no payback yet, but said today 356 institutes "are about" to return 61,1 bln. But not when. Expected was 120 bln before Mar 1st. The LTRO term ends Feb 28
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