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  • ECB Saves Greece From Certain Bankruptcy. Again

    From zerohedge.com

    Read Full Story at zerohedge.com

    A few days ago we wrote that "Greece Runs Out Of Money. Again" because it did. The country, which is permanently locked out of the bond markets, would be down to a negative cash balance as soon as its August bond payment to the ECB was made. The reason is that the Troika continues to delay its decision. whether or not to hand over Greece its next monthly allowance. So with the country threatening to once again be on the front page as math rears its ugly head, the ECB has decided to take the bold step and admit that in lieu of even remotely credible collateral pledged and repledged in the ponzi ... (full story)

    • Pip_tracker

      610 posts
    • such a mess, the ECB economic plans.... pay the debt of a bankrupt nation with the germans money

    • Guest

      IP XXX.XX.87.156
    • +s&p downgraded 15 italian banks will they gain?

    • moaf
      moaf's Avatar

        910 posts
    • Spanish 10y bonds go up after Dragi (from 6.613 to 7.435), and on Friday goes down only to 6.848, so for sure not everything is right. If ECB start buying spanish and italian bonds, it will buy only short term debt, what makes long term debt yelds will go up.
      After ZH, Swiss bonds yelds on record low on Friday (-0,454, yeah almost -0,5%).
      S&P cut rating of italian banks on Friday (info not discounted).
      Friday rally was without any reason, just pure roumors.
      SP500 below 1400, witch is great resistance.
      Looking back, after such a rally, it takes 1-3 days to erase gains and make more loses. Nothing in Europe was solved last week. Remember that Merkel is going back, be preparde for strong statement. Waiting for Troika report next weeks, accroding to first gospis nothing was done in Greece. Greece need 31,5 bln EURO in September and October. IMF doesn't want to finance Greece anymore. Even if Spain gets full bailout, there still have the biggest unemploment (bigger than Greece) and their bonds yelds should go up, like the rest (Portugal, Greece, Ireland) after bailout. Before election no chances for QE3 in USA.
      Weak EURO is good for Euro Zone problems and Germany especially (exporters).


      EURO UP !!!

    • glenngie

      337 posts
    • Quoting moaf
      Spanish 10y bonds go up after Dragi (from 6.613 to 7.435), and on Friday goes down only to 6.848, so for sure not everything is right. If ECB start buying spanish and italian bonds, it will buy only short term debt, what makes long term debt yelds will go up.
      After ZH, Swiss bonds yelds on record low on Friday (-0,454, yeah almost -0,5%).
      S&P cut rating of italian banks on Friday (info not discounted).
      Friday rally was without any reason, just pure roumors.
      SP500 below 1400, witch is great resistance.
      Looking back, after such a rally, it takes...
      Really..after all of that EURO UP?

    • Gaaikema
      Gaaikema's Avatar

      372 posts
    • Quoting glenngie
      Really..after all of that EURO UP?
      I think moaf's exclamation marks were meant to be question marks. Or perhaps he meant that often the opposite happens in forex as what might be expected.

    • moaf
      moaf's Avatar

        910 posts
    • Quoting glenngie
      Really..after all of that EURO UP?
      neee, irony, just hard to understand the market last days, big speculation that's all, I am flat now waiting to sell EUR, but who "the hell" knows ...

    • Guest

      IP XX.X.44.100
    • Greece is on life support in ICU, in a deep coma - fundamentally and technically. That means dead. How long will the central bankers try and avoid the inevitable? They will kick the can down the road as long as they can. If Greece goes then the last domino goes down as a consequence. Second last domino to go is Germany, last domino is USA. Then we go back 89 (key fibonacci number) years to 1923. 3rd world may survive.

    • Guest

      IP XX.X.44.100
    • greece goes down, spain goes down, portugal goes down, italy goes down, germany goes down, england goes down then titanic USA goes down. BRICS will survive.

    • glenngie

      337 posts
    • Quoting moaf
      neee, irony, just hard to understand the market last days, big speculation that's all, I am flat now waiting to sell EUR, but who "the hell" knows ...
      True...who the hell knows...printing money = dilution and bailouts means trouble....but nowadays that is good for the currency..... it's always been challanging to trade...but the last two years has been more difficult IMO

    • Pip_tracker

      610 posts
    • a weeker EUR is perfect for EU zone. good for export.... + with this economy, i'm more then sure that europeans are not doing better then americans. is no fundamental and tehnical reason to be over 1-1 in the next perriod

    • andy321

      3 posts
    • its the big players rally....they are taking all SL....once they are done with it then Euro will go down...No fundamental or technical analysis will work now...just be on the right side as the market goes...

    • Bowlerjim

      88 posts
    • Here we go again. Talk about beating a dead horse.

    • Guest

      IP XX.XX.46.184
    • Euro up forever dudes!!!! Like Hopium is awesome man. Just toke and buy like forever. No need to worry about all the boring economics data or watch dull bond price. Lot hope get u hi and buy!!!! And if reality doesn't fit your buying binge on risk assets just buy anyway cause the next day u can hope again!!!!

    • Guest

      IP XX.XXX.95.23
    • there is a threat in the euro zone that at the time when the market opens it will always go down 30 to 40 points,.and in my opinion the market will go up to 1.2440 and will go down before friday to 1.2000. Euro is weak

    • Guest

      IP XX.XXX.95.23
    • the euro due to the latest news of the ecb and saving greece and all other political bullshits will go up to 1.2440 maximum,and before friday will reach 1.2000. and can you check out this guys that whene ever the market open the euro has 20 to 30 points drops... goood luck (Anonymous)

    • Guest

      IP XXX.XXX.45.156
    • ...talking your book??? It goes higher next week until 1.2500 - 1.2600 then down to 1.1800...watch this space...

    • mima
      mima's Avatar

        2,471 posts
    • Whatever, Greeks are getting nervous, panic, attacking anyone and everyone...end is coming sooner than later...PIIGS/GIPSI out out out...!!!!!

    • SerpentDove
      SerpentDove's Avatar

        836 posts
    • You really don't get it do you, at least 80% of Greeks have nothing to lose by leaving the euro zone.

    • SerpentDove
      SerpentDove's Avatar

        836 posts
    • Wait, let me make it more personal. I left Greece because Greece did not give up the euro.

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