A Perfect Storm | 157 comments (157 topical, 0 editorial, 0 hidden)

Re: Italian industry has gone backwards since Euro (none / 1)

Lira devaluation paradise again? Italian industrial STRENGTH, trade, 0 unemployment! and 0 debt! before 2002 at the low, low price of 10,000 to 1 USD.

It's true, Clowncil intention to help IT gov extinguish debt marinading since 121 CE was always weak. But it shouldn't be so difficult to accept that USD-denominated risk undermines these fantasies of "own currency" solvency. Interest-bearing debenture is the "enemy" in the first instance.

China Can Hold Trump's Trade War Hostage speculates that liquidity depends on parity among traders.

Diversity is the key to economic and political evolution.

by Cat on Sat Jun 2nd, 2018 at 04:01:35 PM EST
[ Parent ]

Re: Italian industry has gone backwards since Euro (none / 0)

I don't see an automatic crisis being generated by Italian government desires for Euro devaluation and restoration of economic ties with Russia. With Trump becoming a common enemy, anyone who stands up to Trump is your friend...

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sat Jun 2nd, 2018 at 04:51:46 PM EST
[ Parent ]

Re: Italian industry has gone backwards since Euro (none / 1)

me neither. ECB has been testing effective EUR "devaluation" (NIRP) against vigilante demand for yield for five years. The hurdle to running off IT gov debt is persuading current sovereign and commercial paper holders to buy into a CAC. Everybody in. Except paul singer.

Diversity is the key to economic and political evolution.

by Cat on Sat Jun 2nd, 2018 at 05:06:13 PM EST
[ Parent ]

< wipes tears > (none / 0)

Elliott's Singer agrees with Buffett, Dimon on profit guidance

Hedge fund Elliott Management Corp [d/b/a NML] Chief Executive Paul Singer said on Thursday ... Elliott often acquires stakes in companies as an activist shareholder, criticizing their financial performance and asking them to commit to changes.

Diversity is the key to economic and political evolution.

by Cat on Thu Jun 7th, 2018 at 09:01:43 PM EST
[ Parent ]

A Perfect Storm | 157 comments (157 topical, 0 editorial, 0 hidden)

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