Delendum est Vadum Francorum | 22 comments (22 topical, editorial, 0 hidden)

Re: Delenda est Francoforte (none / 0)

Yeah, but if you hold and invest 21 trillion euros, what is a 500 billion euro insolvency to you?

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Migeru (migeru at eurotrib dot com) on Sat Nov 27th, 2010 at 12:00:38 PM EST
[ Parent ]

Re: Delenda est Francoforte (none / 0)

A drop of water in a bottomless pit! -:)

Those of leap2020, ten days ago:

Warning Global systemic crisis - First quarter 2011: Breach of the critical threshold of global geopolitical dislocation
With the G20 summit in Seoul, which signalled to the planet in its entirety the end of US domination of the international agenda and its replacement by a generalised mood of "every man for himself", a new phase of the crisis has begun, prompting the LEAP/E2020 team to issue a new warning. The world is about to breach a critical threshold in this phase of global geopolitical dislocation... (page 9)

. Concluding the quantitative easing: the Fed placed under "house arrest" (page 11)

. Political paralysis in Washington: the US adrift, the dollar in freefall, and austerity looming in 2011 (page 12)

. European austerity: spread of social resistance movements; mounting populism; risk of fostering radicalism in rising generations; higher taxes (page 14)

. Strengthening of Euroland and beginning of euro manipulation in Europe (page 15)

. United Kingdom: a former power falters (page 16)

. Japan: the latest efforts to resist China's power (page 17)

by kukute on Sat Nov 27th, 2010 at 12:09:58 PM EST
[ Parent ]

Re: Delenda est Francoforte (none / 1)

That depends on whether you are leveraged more than 102:1 or not ;-P

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Nov 27th, 2010 at 12:16:02 PM EST
[ Parent ]

Re: Delenda est Francoforte (none / 1)

Anyone who holds naked CDS on European sovereign debt deserves to go broke, I don't care if they're Deutsche Bank. Though probably Axel Weber does.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Migeru (migeru at eurotrib dot com) on Sat Nov 27th, 2010 at 01:46:01 PM EST
[ Parent ]

Re: Delenda est Francoforte (4.00 / 2)

Anyone who holds naked CDS ~~on European sovereign debt~~ deserves to go broke.

FIFY.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Nov 27th, 2010 at 02:20:10 PM EST
[ Parent ]

Delendum est Vadum Francorum | 22 comments (22 topical, 0 editorial, 0 hidden)

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