Posts by "catnip"

Catch a falling star .... save it for a rainy day.... here comes the top of the pop of financial experts

April 16 (Bloomberg) -- Germany might consider exiting Europes current monetary union to create a smaller bloc as the Greek crisis threatens to turn the euro area into a region of fiscal profligacy, Morgan Stanley said.

Greek rescue measures set a bad precedent for other euro- area member states and make it more likely that the euro area degenerates into a zone of fiscal profligacy, currency weakness and higher inflationary pressures over time, said Joachim Fels, co-chief global economist at Morgan Stanley in London, in an April 14 note. If so, countries with a high preference for price stability, such as Germany, might conclude that they would be better off with a harder but smaller currency union.

Euro hard and Euro light . It is correct members of Euro can quit membership , unsubscribe from the monetary union BUT they cannot be unsubscribed. So let us assume Greece is forced to default.
That's gonna be such expensive for the tax payer that after a short period there won't be much difference between Euro hard and Euro light and the difference might even reverse sign so
Euro formally hard now light reunites with Euro formally light now a bit less light to Euro ultra-light.

Oh Lord let a tiny bit of thy wisdom fall....or should arithmetics do without thy benevolence?

asad no stop loss is 1120 I entered long at 1139

Gunjack
Doug is great ... I made a loss shorting JPM should one short GS now ? It would make sense to take GS private indeed much sense.

When die Doug predict that? Imo Kass is an excellent free of chart- tea- leaf- reading analyst.

Do you think this SEC action is somehow related to Obama's think tank?
Here in Europe at least continental Obama's reputation is still quite high as an intellectual strategist.