EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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thisis what is this speculation but quite well orchestrated for hte pullback
at the end everybody will postpone the krach
I will go short EUR/USD Monday as I expect Germany to balk bailout at the Athens conference that could well yield 1.32 I also expect Germany will between the lines raise rumors of a divided Euro.
So that could be a turning point. I think that Belgium Netherlands Finland might signal some consent while France will not. It is also possible UK might join one or the other Euro. Nevertheless it is the begin of the end of the story but trades love wild swings especially if these are predictable.
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?
http://www.guardian.co.uk/business/2010/apr/15/greece-imf-rescue1
http://www.guardian.co.uk/business/2010/apr/15/greece-imf-rescue
http://www.guardian.co.uk/world/2010/apr/15/larry-elliott-greece-imf-analysis
From that last story:
"Greece was the test of whether Europe could pull together in support of its weaker members. It failed.
Only with extreme reluctance has Germany been persuaded to play its part in the Greek bailout, with Berlin making it clear that it was up to Athens to sort out its own mess. The consequences of that hardline approach are now clear. A crisis that could and should have been contained could now easily go viral, as it did when Thailand became the first domino to fall in 1997. Greece is not the only country in Europe with problems, as the hedge funds know only too well."
THATS GONNA BE FUNNY
April 15 (Bloomberg) -- The worst global financial crisis in 70 years arrived in Saint-Etienne this month, as embedded financial obligations began to blow up.
A bill came due for 1.18 million euros ($1.61 million) owed to Deutsche Bank AG under a contract that initially saved the French city money. The 800-year-old town refused to pay, dodging for now one of 10 derivatives so speculative no bank will buy them back, said Cedric Grail, the municipal finance director. They would cost about 100 million euros to cancel today, he said.
Its a joke that were in markets like this, said Grail, 38, from the 19th-century city hall fronted by an arched facade and the words Liberte, Egalite, Fraternite. Were playing the dollar against the Swiss franc until 2042.
Saint-Etienne is one of thousands of public authorities across Europe that tried to shave borrowing expenses by accepting derivatives deals whose risks they couldnt measure. They may be liable for billions of euros, according to the Bank of Italy and consulting and law firms in France and Germany. As global economies climb out of recession, the crisis is hitting Saint-Etienne in central France, Pforzheim in western Germany and Apulia, an Italian regional government on the Adriatic. They may pay for their bets into the next generation.
a IF there is an IMF bailout
b If so, if IMF provides not 15 billion but 150 billion.
If not a and not b then ECB is doomed - at least ECB couldn't follow FED if FED hikes ( or in any way tightens ECB cannot hike and cannot tighten )
Re: Greece leaving the monetary union
If there is indeed an IMF bailout, there isn't going to be any more supply of GGBs and the risk of default is significantly reduced, which will benefit the shorter maturity bonds and consequently their holders. Short end yields should come in. Not really clear what will happen to longer maturity GGBs.