Congratulations and exultations to everyone. The EU has officially defeated the menace of a sovereign debt crisis.
They are committed to bailing out Greece.
They did not invoke a massive credit default by triggering Greek CDS.
And after all of their meddling EU bond yields are all significantly lower. Except Portugal…but who cares about Portugal?
Why stand and fight for what is obviously not happening? The EU debt crisis has been defeated by the farsighted nature and bold leadership of Europe’s finest.
I applaud you, Europe. Touche. Touche.
So, let’s not be poor sports, fellows. Let us join together in celebrating the exit of the European Debt Crisis.
And now, ladies – gentlemen – help me…(to be continued)
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Sounds a bit salty.
I bet you would have voted down the TARP program too.
I did vote it down, by buying silver. Suffering at the hands of government is for lesser men.
Most of his posts are salty…you get used to it.
keep an eye on TMV. if it can break $76 you might have a chance of making some money this year
usd/cad is free falling = crude shorts are gonna be hurting.
This was brought up somewhere else on the interwebs this morning, but I think it has merit.
We very well could see banks as the ones that start demanding/lobbying for further regulation of CDS. Demanding regulation for the same products that were created to avoid said regulation. After all, the lack of triggers hurts both sides. Can’t hedge and you destroy a viable stream of future revenues.
But yes, Europe changed the rules and kicked the can about as well as they possibly could. And seeing as that is what politicians do and they did it as well as they possibly could do…bravo.