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EurAnalysis Kindergarten 24 replies

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  • #8,261
  • Nov 8, 2011 11:38am Nov 8, 2011 11:38am
Okay, here's the deal.

Berlusconi says he will resign AFTER the 2012 budget is passed.

This is something he has been trying to pass for a while now and hasn't managed to get it done.

So, he is dangling a carrot in front of those who oppose him.

"You want me gone?" he says. "Then help me pass the budget, and I will go" he adds with fingers crossed behind his back...

Those who say it cannot be done should not interrupt those who are doing it
  • #8,262
  • Nov 8, 2011 11:39am Nov 8, 2011 11:39am
It really does not matter if austerity passes. How is it to be implemented.
Italians tend not to be a quiet people when pissed off.
  • #8,263
  • Nov 8, 2011 11:39am Nov 8, 2011 11:39am
http://www.forexfactory.com/newreply...te=1&p=5114095
  • #8,264
  • Nov 8, 2011 11:42am Nov 8, 2011 11:42am
This drop is on different news that is not nearly as amusing as berlusconi - Iran developing nukes:

http://edition.cnn.com/2011/11/08/wo...Top+Stories%29

EDIT - Gold and silver crashing, EUR seems OK - for now...
Anything can happen.
  • #8,265
  • Nov 8, 2011 11:48am Nov 8, 2011 11:48am
berlusconi sings
Inserted Video
  • #8,266
  • Nov 8, 2011 11:52am Nov 8, 2011 11:52am
Quoting PipTrapper
Okay, here's the deal.

Berlusconi says he will resign AFTER the 2012 budget is passed.

This is something he has been trying to pass for a while now and hasn't managed to get it done.

So, he is dangling a carrot in front of those who oppose him.

"You want me gone?" he says. "Then help me pass the budget, and I will go" he adds with fingers crossed behind his back...

I trust Berlusconi; have you seen the women he screwed??
  • #8,267
  • Nov 8, 2011 11:53am Nov 8, 2011 11:53am
Quoting foto
Maybe someone on this forum can explain how Berlusconi leaving will make Italy more stable.

The only way Italy has a functioning government is when a single strongman is on the scene.

The rest of the time anarchy more aptly describes Italian government.
The markets want reform in Italy. The italian civil service is a bloated beast that is totally unproductive(something many civil service/state departments have in common).

Italy sold bonds and Berlusconi made promises to reform. He hasn't reformed. No one wants to buy more Italian bonds until they believe reform will happen.

good ole' Berlo doesn't want to reform things, as that would mean the elimination of 'cash deals & brown paper bags'. The mafia like 'cash deals & brown paper bags'.... Berlo is corrupt, everyone inside and outside Italy knows this. I was in Rome a few weeks ago and any Italian I spoke to has absolutely no time for the man. He controls 90% of the media, over the years he has bought off anyone that may cause a problem.

He stifles innovation and the creation of new business models. Any government - even one that squabbles - would implement more progressive policies than what has been done to date.
patience is a virtue
  • #8,268
  • Nov 8, 2011 11:53am Nov 8, 2011 11:53am
http://www.cnbc.com/id/45210169

Italy's president said Prime Minister Silvio Berlusconi has promised to resign after parliament passes economic reforms demanded by the European Union to save Italy from getting engulfed further in Europe's debt crisis.
  • #8,269
  • Nov 8, 2011 11:58am Nov 8, 2011 11:58am
I myself prefer a little corruption in Government. As the years go by having learned, having some goods on someone, (yes a bit of blackmail leverage) can be used to keep things in check.
Those who desire the purity of snow in politics generaly get a snowjob.

There is a balance between some good healthy vice and virtue to extreme.
  • #8,270
  • Nov 8, 2011 12:02pm Nov 8, 2011 12:02pm
I think if we break through 1.3846 we can expect some more bull movement...Up to possibly 1.41 in the long run...
learn by failure,succeed by learning
Aim Small Return Today: na
  • #8,271
  • Nov 8, 2011 12:02pm Nov 8, 2011 12:02pm
Quoting lovepips
The markets want reform in Italy. The italian civil service is a bloated beast that is totally unproductive(something many civil service/state departments have in common).

Italy sold bonds and Berlusconi made promises to reform. He hasn't reformed. No one wants to buy more Italian bonds until they believe reform will happen.

good ole' Berlo doesn't want to reform things, as that would mean the elimination of 'cash deals & brown paper bags'. The mafia like 'cash deals & brown paper bags'.... Berlo is corrupt, everyone inside and outside Italy...

there are not alternative political but only techinical government !
I am from rome and in italy only revolution for change
  • #8,272
  • Nov 8, 2011 12:03pm Nov 8, 2011 12:03pm
Hi guys.
Today after trading hours is close for C.O.T. . I am waiting interesting numbers on Friday.
Remember: Last two weeks Commercial opened 378 000 short positions on Eurodollars vs. 100 000 long. They have into big money.
In my opinion they will avail bull sentiment for increase shorts.
I am affraid unstable Italy for debt worries.
Berluscony end no help for recession in EU and Italy bonds to 3% no reduce.

(sorry my English)

Good luck.
  • #8,273
  • Nov 8, 2011 12:06pm Nov 8, 2011 12:06pm
Quote
there are not alternative political but only techinical government !
I am from rome and in italy only revolution for change


The world is in need of a revolution, in the face of the central controlling banks! Currency needs to be put back in the hands of the goverment, and not the central banks who produce the currency and lend it out to the goverments at interest making it impossible to ever repay the debt.
learn by failure,succeed by learning
Aim Small Return Today: na
  • #8,274
  • Nov 8, 2011 12:07pm Nov 8, 2011 12:07pm
We truly live in Eurhopia. Not enough money to bail out Italy, yield at 6.797%. 7% is doomsday, lol, gotta love this euro rally though. Talk about a market in total denial.
Yay! Pips for everyone!
  • #8,275
  • Nov 8, 2011 12:07pm Nov 8, 2011 12:07pm
There is a Bear watching over the zone.
Attached Image (click to enlarge)
Click to Enlarge Name: 15m (2).gif Size: 30 KB
"I know one thing, that I know nothing." Sokrates
  • #8,276
  • Nov 8, 2011 12:11pm Nov 8, 2011 12:11pm
Quoting Tom_D_Trader
There is a Bear watching over the zone.
RIGHT !!
  • #8,277
  • Nov 8, 2011 12:11pm Nov 8, 2011 12:11pm
Quote
There is a Bear watching over the zone.

LOL where can I get that indi!!!?
learn by failure,succeed by learning
Aim Small Return Today: na
  • #8,278
  • Nov 8, 2011 12:15pm Nov 8, 2011 12:15pm
Quoting foto
I myself prefer a little corruption in Government. ...
From economical point of view, you need to count in corruption of government as a negative externality.

So it is "politicians rating" = "good done" -"corruption"
"I know one thing, that I know nothing." Sokrates
  • #8,279
  • Nov 8, 2011 12:17pm Nov 8, 2011 12:17pm
Quoting Pipsforall
We truly live in Eurhopia. Not enough money to bail out Italy, yield at 6.797%. 7% is doomsday, lol, gotta love this euro rally though. Talk about a market in total denial.
where can you see bond yields live?
can anybody post a link?

Thanks

Pbh
  • #8,280
  • Nov 8, 2011 12:21pm Nov 8, 2011 12:21pm
It will take a political solution to keep Europe together.
A bunch of bureaucrats making decisions about how to go forward is a disaster about to happen. They have book smarts and degrees but no knowledge of how the world works.

To paraphrase a well known businessman, Politics is the art of the deal.
Beauraucrats are good at filling in forms, not putting together lasting deals.
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