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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
what's da play?
The LTRO unwind is not due to more trust nor in increased capital, but simply the investment banks used LTRO liquidity to speculate on France Spain Italy bonds long
The yield drop is NOT due to investors trusting Euro!
Actually what happened is a concealed QE orchestrated by ECB
Russian Medvedev who had to go as president - he is not an Oligarch puppet - denied any interest in buying Euro bonds. Too dangerous. Yes. Very dangerous.
I didn't mention I went out of CAD JPY long trades this morning as EUR trade was unusually volatile in Sydney. Little profit.
is right. But Germany and France are the dedicated supporters of EU administration.
HMRC has returned the tax return to a man in Evesham after he apparently answered one of the questions incorrectly.
In response to the question "Do you have anyone dependant upon you?" the man wrote "2.1 million illegal immigrants, 1.1 million crackheads, 4.4 million unemployable Jeremy Kyle scroungers, 900,000 criminals in over 85 prisons, plus 650 idiots in parliament, and the whole of the European Commission".
HMRC stated the response he gave was unacceptable. The man's response to HMRC was "Who did I miss out?"
These types of emails are circulating the whole time in UK which gives some idea of the current disillusionment prevailing.