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Posts by "catnip"
2150 Posts Total by "catnip":
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Posts by Anonymous "catnip":
So far the self proclaimed currency experts from 16 Eu countries believe it is enough to show the money. No it isn't. They must show the cards, too. Large straight? No. Full house? No. Big blind? Yes.
yes exactly so therefore I'll stay short EUR. EUR is doomed.
The story will end up in desaster.
We see some political considerations and political inferences contrasted with financial measures.
Quite different kinds of decision making. It won't work.
the "surprise" move is well priced. Again and again: EUR is a construct based on treaties AND whatever
the EU pledge is called it is NOT supported by treaty. It is if triggered quantitative easing just that.
If it is triggered then expect political turmoil.
The only reasonable explanation of strength of GBP vs EUR is just that as any kind of bailout destabilizes the EUR core economies politically.
I have not seen a direct commitment of IMF so far.
It is however against value theory GBP should fall but actually ( illiquid markets now ) EUR/GBP almost unchanged