Spain is pain

by truthbetold Fri Apr 20, 2012 9:13 pm

Europe continues its patch work quilt of partial solutions. Every time a major crisis erupts germany is reluctantly forced to cough up some money to patch up the crisis. every few months one of the lazy south breaks down, the story repeats itself.

US market cannot escape the orbital pull of failing euro zone nations.

Obama must be cursing Angela M. for this prolonged euro crisis. One of these days all his good work on US economy could be wiped out by the bond price of one of these failing euro countries.

by Propagandhi711 Fri Apr 20, 2012 9:17 pm

buy MT..its at depressed levels right now due to euro issues but is a great company to hold long term - pays 4% dividend and is trading at really really low valuation compared to competitors. easy trade from 17 to 20-21 I think

by truthbetold Fri Apr 20, 2012 10:25 pm

MT is a good suggestion. even the best stocks get crushed with this euro bond spreads. my thinking is hold thru the crisis. selling and buying short term is treacherous.

Apple results could be a real volatile event. google's arrogant stock split is another stupid move. msft and intc are positioning nice.

but spain will decide the price for few more days.

by Kris Fri Apr 20, 2012 10:46 pm

truthbetold wrote:Europe continues its patch work quilt of partial solutions. Every time a major crisis erupts germany is reluctantly forced to cough up some money to patch up the crisis. every few months one of the lazy south breaks down, the story repeats itself.

US market cannot escape the orbital pull of failing euro zone nations.

Obama must be cursing Angela M. for this prolonged euro crisis. One of these days all his good work on US economy could be wiped out by the bond price of one of these failing euro countries.

>>> Angela is herself a reluctant player in this. Anyway, the US will get hit. BTW, whatever happened to that firewall we kept hearing about? I have been trying not to read up on the euro zone (maybe superstition at play!)

by truthbetold Sat Apr 21, 2012 10:30 am

Kris wrote:
truthbetold wrote:Europe continues its patch work quilt of partial solutions. Every time a major crisis erupts germany is reluctantly forced to cough up some money to patch up the crisis. every few months one of the lazy south breaks down, the story repeats itself.

US market cannot escape the orbital pull of failing euro zone nations.

Obama must be cursing Angela M. for this prolonged euro crisis. One of these days all his good work on US economy could be wiped out by the bond price of one of these failing euro countries.

>>> Angela is herself a reluctant player in this. Anyway, the US will get hit. BTW, whatever happened to that firewall we kept hearing about? I have been trying not to read up on the euro zone (maybe superstition at play!)

ECB's easy money of Trillion euros sloshing around in euro banks. Obviously banks are afraid to us ethat money to buy spanish bonds. The firewall with about $1.4 is supposed to be up in june of this year. The fear seems to be, if Italy and Spain fail, there is not enough money to bail them out. Germans can throw some cash and postpone the process. But one of the two big euro economy (Italy and Spain) failure would mean a much larger crisis and probable demise of Euro.

It is ionteresting to note that german Banks and Industry is very strong and is making tons money. where the fear or incentive for them to act?

by Kris Sat Apr 21, 2012 10:47 am

truthbetold wrote:
Kris wrote:
truthbetold wrote:Europe continues its patch work quilt of partial solutions. Every time a major crisis erupts germany is reluctantly forced to cough up some money to patch up the crisis. every few months one of the lazy south breaks down, the story repeats itself.

US market cannot escape the orbital pull of failing euro zone nations.

Obama must be cursing Angela M. for this prolonged euro crisis. One of these days all his good work on US economy could be wiped out by the bond price of one of these failing euro countries.

>>> Angela is herself a reluctant player in this. Anyway, the US will get hit. BTW, whatever happened to that firewall we kept hearing about? I have been trying not to read up on the euro zone (maybe superstition at play!)

ECB's easy money of Trillion euros sloshing around in euro banks. Obviously banks are afraid to us ethat money to buy spanish bonds. The firewall with about $1.4 is supposed to be up in june of this year. The fear seems to be, if Italy and Spain fail, there is not enough money to bail them out. Germans can throw some cash and postpone the process. But one of the two big euro economy (Italy and Spain) failure would mean a much larger crisis and probable demise of Euro.

It is ionteresting to note that german Banks and Industry is very strong and is making tons money. where the fear or incentive for them to act?

>>>>This was not thought thru well to begin with. Everyone got caught up in the euphoria of the euro -one currency but decentralized controls residing at the country level. Germany is pretty much left holding the bag- either you let it go now or prolong the pain, with patchwork solutions as you go along (same as our crisis from 2008).

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