2 links to P Tchir's views re the 'Firewall', Spain and European debt issue;
http://www.tfmarketadvisors.com/page/4/
http://www.tfmarketadvisors.com/page/11/
worth the reads i think if one is so inclined.
ingmar.........Citi/Spain...........from property prices to unemployment to banks as liquidity junkies not much reason to buy IBEX but lots of reasons to look to short..........
i like Tchir and he advocates that writedowns are the answer and all of the LTROs and firewalls and QEs are just wasting time and money, but bottom line is the central banks are the ones calling the shots and as long as all of that liquidity is floating around the shorts i take are hit and run
the whole thing is like social engineering or re-engineering by the financial elites........
like here in Canada today and the announcement about RBC being sued for 100s of millions in illegal 'wash trades' by manipulating single stock futures and indexes to acquire tax credits (from the taxpayer) wtf?!
the banks have so much power and .......why are banks even involved in futures trading in the first place, and with whose money?.........i guess it is like the line about power corrupts and absolutely.
smikester.......i dig around this stuff all the time and always have....it is like second nature to me for some unknown reason and i don't know if it is a curse or a blessing. some days i just want my 'happy' pill, but always nice to be able to converse with other patients ...lol
http://www.tfmarketadvisors.com/page/4/
http://www.tfmarketadvisors.com/page/11/
worth the reads i think if one is so inclined.
ingmar.........Citi/Spain...........from property prices to unemployment to banks as liquidity junkies not much reason to buy IBEX but lots of reasons to look to short..........
i like Tchir and he advocates that writedowns are the answer and all of the LTROs and firewalls and QEs are just wasting time and money, but bottom line is the central banks are the ones calling the shots and as long as all of that liquidity is floating around the shorts i take are hit and run
the whole thing is like social engineering or re-engineering by the financial elites........
like here in Canada today and the announcement about RBC being sued for 100s of millions in illegal 'wash trades' by manipulating single stock futures and indexes to acquire tax credits (from the taxpayer) wtf?!
the banks have so much power and .......why are banks even involved in futures trading in the first place, and with whose money?.........i guess it is like the line about power corrupts and absolutely.
smikester.......i dig around this stuff all the time and always have....it is like second nature to me for some unknown reason and i don't know if it is a curse or a blessing. some days i just want my 'happy' pill, but always nice to be able to converse with other patients ...lol