Cesarnc's market talk, gossips, rumours & fun

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this lady can hold some beer.........

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..........so no panic no drop, I'm going to drink a beer........

..........preparing to go fishing.........

selling bikes all week and forex at night, time to go speargun fishing tomorrow...........

........The electrobikeusa models........

.........my granddoughter is killing me cesar........

YEAH BA-BY!!!!!!

HOLLA

Now she can stop on by...

HOLLA

Great pics Choncy, enjoy.....

HOLLA

Ah well, the financial Armageddon that I have been postulating upon the last few weeks appears to have, well, fizzled.

However, as stated, the conditions for such an event were ever so deftly avoided, although I still contend that certain default is inevitable. And, did anyone notice the ECB buying up bonds for fun on Friday… almost like watching an Anteater scooping up fleeing ants to contain a panic from spreading out of reach.

Without referring to the friends that I have who I believe state their opinions in earnest, the following may help to possibly explain yesterday’s pump:


Greece has extended the deadline for foreign law bondholders to swap notes for a second time, giving investors until April 4 to sign up to PSI, a source said. (Me: let us not forget it was supposed to be this week.)

On March 9, Greece said that 69% of these bondholders had agreed to participate and extended the deadline until this evening at 2100 CET. Therefore, only €9bn nominal of Greek bonds are not participating in the PSI but the sovereign has taken a hard line against these without explicitly stating that it will default.

The PSI would see investors swap their paper for a range of instruments worth nominally 53.5%.

Greece could continue to extend the deadline with the real day of reckoning not due until May 15.

“The real deadline is May 15 - that’s judgement day as its the maturity of the holdouts’ bond of choice,” said the source.

On May 15 Greece has a €450m floating rate note that matures. Its price has consistently held up above 80% of par, more than double most old Greek bond prices.

Holdouts from the PSI are targeting several lines of bonds, including small issues by state-owned Hellenic Railways maturing this year.

Any non-payment of the foreign law bonds would then spark a cross-default and provoke further actions by holders of larger issues, such as the €5.6bn 2016s. The latter have doubled in price since the first deadline on March 8, to 58 cents in the euro.

(Copied from: http://www.ifre.com/update-greece-ex...008056.article)


And of course, you have the criminal-elite in EuroLand - and they are criminals as they have broken many laws recently, but of course, enacted laws that make them immune from prosecution for their actions, whilst if we were to do the same, would find ourselves incarcerated - dismissing comments from the likes of Pimco in regards to Portugal, and brushing aside the fact that there is again this week an increasing price for bonds issued from Spain and Italy. One can always tell when the pressure is on, as the clowns in Brussels issue timely soundbites that to the layman, are total nonsense, but allow for the show to carry on...

As always, I remain disgusted with the self-serving elite who will stop at nothing to protect the meals presented at their table, whilst the rest of us scramble for the crumbs left on the floor. Only when the whole tower comes crashing down, will these bastard be brought to justice – well, one hopes, although in this modern world, they will be well protected from the anarchy that could prevail.

.........as always 45condor, brabo, thanks for the analisis, let see how she rolls.......... and good morning Sr. I'm going fishing......will bring some fishis pics.........

Hi All,

Glorious weather here in France. Yeah, I should still be out in the sun, but cannot take it anymore and so have moved into the shade provided inside.

Chonchy - hope the diving was good. Erm, not sure I like to see the rubber suit, but hey, we're all grown men here, right?

..........sorry for the suit, i was just showing the profesionalism in it, but the date is move to tomorrow because of the working schedule of my son, so no pics untill tomorrow, and don't worrie I won't show myself anymore, I know you prefer girls in suits..........

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