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The Really Useless Thread

  • #94,701
  • Jun 6, 2012 5:32am Jun 6, 2012 5:32am
Quoting kill56
6:00 AM Germany is increasingly looking at a plan to combine much of Europe’s bad debt into a single fund that would be paid off over 25 years, the NYT reports. The idea is different from eurobonds, as the scope is limited and so could pass muster in Germany's Constitutional Court. In return, Germany would want even more power for Brussels.
So they gonna lend money for 25 yrs at 0% that should work lol.
  • #94,702
  • Jun 6, 2012 5:40am Jun 6, 2012 5:40am
Quoting stewrigh
So they gonna lend money for 25 yrs at 0% that should work lol.
...yeap thats sound like a good solution.

I think Merkel should step down before is too late (elections are too far) if they want the EU to be saved.

She has done a very good job for Germany (an example to follow in terms of macroeconomic management and fiscal responsibility without overlooking the social costs) to cope with the crisis at the cost of putting the EU and the EZ (and the world economy) on the brink.

Germany is playing with fire now that can backfire. If they don't want to pay the price, they better start proposing more realistic options or let the whole Euro project collapse.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #94,703
  • Jun 6, 2012 5:42am Jun 6, 2012 5:42am
Quoting PayTheLimit
shrimp creole for lunch today..
whose cooking?
those who can, do. those who cant, talk about those who can
  • #94,704
  • Jun 6, 2012 5:43am Jun 6, 2012 5:43am
Quoting gatorinla
whose cooking?
the pic looked like a mo cooked it
  • #94,705
  • Jun 6, 2012 5:46am Jun 6, 2012 5:46am
Quoting gatorinla
whose cooking?
me..
Look Sharp/Trade Tight
  • #94,706
  • Jun 6, 2012 5:46am Jun 6, 2012 5:46am
Quoting fxjawn
the pic looked like a mo cooked it
suck it..
Look Sharp/Trade Tight
  • #94,707
  • Jun 6, 2012 5:47am Jun 6, 2012 5:47am
Quoting sisse
...yeap thats sound like a good solution.

I think Merkel should step down before is too late (elections are too far) if they want the EU to be saved.

She has done a very good job for Germany (and example to follow in terms of macroeconomic management and fiscal responsibility without overlooking the social costs) to cope with the crisis at the cost of putting the EU and the EZ (and the world economy) on the brink.

Germany is playing with fire now that can backfire. If they don't want to pay the price, they better start proposing more realistic...
Yep forget Greece leaving the Euro, IMO the first country to leave will be Germany. They are the only country that can afford to leave anyway.
  • #94,708
  • Jun 6, 2012 5:50am Jun 6, 2012 5:50am
Quoting sisse
I think the Spanish bank "bailout" is almost a done deal. When politicians start talking about the words and no the content.... They are just looking for the right terminology and technicality to avoid using the words "bailout", "memorandum", etc ...we have seen it all before since the first Greek bailout. Ireland and Portugal were pathetic also in the "wording" but at the end was the same...

The only difference between the Spanish and the other bailouts is that this money will go directly to the pigs (banks) and no to patch holes in the...
i said it mostly because we are all waiting for what the ecb says. but since Spain hasn't audited like they are proposing. then there is no way to know how much money is needed. even with a figure. the cost will probably rise with the housing crash in Spain. and they will be right back for more.
those who can, do. those who cant, talk about those who can
  • #94,709
  • Jun 6, 2012 5:55am Jun 6, 2012 5:55am
Quoting PayTheLimit
me..
looks good, got the little Cajun theme going
those who can, do. those who cant, talk about those who can
  • #94,710
  • Jun 6, 2012 5:59am Jun 6, 2012 5:59am
Quoting gatorinla
i said it mostly because we are all waiting for what the ecb says. but since Spain hasn't audited like they are proposing. then there is no way to know how much money is needed. even with a figure. the cost will probably rise with the housing crash in Spain. and they will be right back for more.
if we are all waiting.. without an audit already, in their hand. whats the point? unless they are just giving out blank checks.
those who can, do. those who cant, talk about those who can
  • #94,711
  • Jun 6, 2012 6:00am Jun 6, 2012 6:00am
Quoting gatorinla
i said it mostly because we are all waiting for what the ecb says. but since Spain hasn't audited like they are proposing. then there is no way to know how much money is needed. even with a figure. the cost will probably rise with the housing crash in Spain. and they will be right back for more.
Yeap thats the key issue in Spain. The pigs (Spanish banks) have artificially keep their balance sheet is hope mode ...as long as we don't burst that bubble, Spain will be on the headlines for more...

I really don't know what to expect on the ECB conference today but it can be a wild mover (more than usual).

No man land intraday until the interest rate announcement. An unexpected cut will make a short term move that we haven't seen in a long time in currencies...if not we still need to wait for the conference.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #94,712
  • Jun 6, 2012 6:02am Jun 6, 2012 6:02am
Quoting gatorinla
looks good, got the little Cajun theme going

indeed...the key, in my opinion, is using homeade shrimp broth, which is an extra hassel, but worth it...fresh tomatoes don't hurt either...
Look Sharp/Trade Tight
  • #94,713
  • Jun 6, 2012 6:05am Jun 6, 2012 6:05am
last 2 h closed under London open. usually bearish 2498
those who can, do. those who cant, talk about those who can
  • #94,714
  • Jun 6, 2012 6:07am Jun 6, 2012 6:07am
5502, a quarter of this years range in cable..
Look Sharp/Trade Tight
  • #94,715
  • Jun 6, 2012 6:09am Jun 6, 2012 6:09am
Quoting PayTheLimit
indeed...the key, in my opinion, is using homeade shrimp broth, which is an extra hassel, but worth it...fresh tomatoes don't hurt either...
i was just surprised others eat like me in a far, far away place.
those who can, do. those who cant, talk about those who can
  • #94,716
  • Jun 6, 2012 6:09am Jun 6, 2012 6:09am
Quoting PayTheLimit
suck it..
lol

yea it does look good bro
  • #94,717
  • Jun 6, 2012 6:10am Jun 6, 2012 6:10am
Quoting stewrigh
Yep forget Greece leaving the Euro, IMO the first country to leave will be Germany. They are the only country that can afford to leave anyway.
True, but I don't know if that is sustainable in the current circumstances. A Deutsche Mark will be fly to 3 to or even 4 (for some analyst) to 1 to the dollar combined with a devaluation of 30% (or more) in the other main EZ importers killing in one shot all competitiveness in the short term on German exports and putting us back to inter World Wars period of protectionism, artificial devaluation and a race to the bottom....

So far only the UK can take the unfair (or fair depending on your side) advantage (well so far they are worst in growth, employment and inflation than Germany and France so not sure about the advantage) of artificially devaluing the Pound ...imaging all core countries in a currency war ....lol ...better not think about that ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #94,718
  • Jun 6, 2012 6:12am Jun 6, 2012 6:12am
Quoting sisse
Yeap thats the key issue in Spain. The pigs (Spanish banks) have artificially keep their balance sheet is hope mode ...as long as we don't burst that bubble, Spain will be on the headlines for more...

I really don't know what to expect on the ECB conference today but it can be a wild mover (more than usual).

No man land intraday until the interest rate announcement. An unexpected cut will make a short term move that we haven't seen in a long time in currencies...if not we still need to wait for the conference.

sisse
40% unemployment... it will fix itself. seems like a good time to buy a Spanish
town while they are cheap. wait a few weeks/years they will be cheaper.
those who can, do. those who cant, talk about those who can
  • #94,719
  • Jun 6, 2012 6:13am Jun 6, 2012 6:13am
Quoting gatorinla
i was just surprised others eat like me in a far, far away place.
I've been down to the Big Easy a few times, good eats...took a few pointers...
Look Sharp/Trade Tight
  • #94,720
  • Jun 6, 2012 6:14am Jun 6, 2012 6:14am
Quoting fxjawn
lol

yea it does look good bro
indeed, and the rice is ready....

Serve immediately.

bbl..
Look Sharp/Trade Tight
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