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We can only hope.

Isn't it perhaps not completely wise to advertise a short position when it would be so easy to subvert it?

I suppose it would be criminal of the ECB to take a counter-stake and then announce a debt guarantee.

Incidentally, doesn't Goldman's position and media campaign meet the definition of economic warfare?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:16:00 AM EST
[ Parent ]
I suppose it would be criminal of the ECB to take a counter-stake and then announce a debt guarantee.

A word here and there to European banks in need of a shot of vitamins combined with an appropriately sized counter-stake taken on the quiet, then, when enough have their positions in place, announce the guarantee. Also, can one buy puts on a CDS?

doesn't Goldman's position and media campaign meet the definition of economic warfare?

Call it economic terrorism. Warfare, properly, is between sovereign entities. It could also be called piracy, but I think several nations have new, rather draconian laws on terrorism.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 9th, 2010 at 11:19:04 AM EST
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