Chanos back from HK and Oz. ... "a complacent Australia which has hitched its economy to the tail of the tiger." http://www.bloomberg.com/video/81455126/ 75 handle on AUD before 2012 is out.
Anybody following the DMND story? When does this puppy become a buy? http://seekingalpha.com/currents/post/102451
But the ECB charter specifically and explicitly outlaws money-printing to bail out any EU governments. Not only do the Germans have to come round to money-printing (not something that would happen overnight), but then there has to be a legal process to change the ECB's charter, supported by most EU member states. This isn't going to happen within 48 hours of the Dax making new lows for the year, and might not even happen at all.
What is the difference between "printing money" and buying periferal bonds as they have been doing for months now? Is it strictly the sterilising or not?
I don't see any way to get an edge there - how do you know if it was random suicide, or suicide because he/others cooked the books? If it was the latter, then chances are it falls 50-75% or even more before it becomes a buy.
Bild reporting Merkel dropping resistance to eurobonds. Pavlovian markets rallying. Truly sad and pathetic.
This is incorrect. There is nothing in the current law that prevents the ECB from making unsterilized purchases of EU member countries government bonds in the secondary market. It's allowed within their monetary policy transmission framework.
For tomorrow's paper. Reuters reporting it ... twitter and google are your friends http://www.reuters.com/article/2011/11/23/eurozone-germany-eurobonds-idUSL5E7MN4OS20111123