[ARCHIVE] FOREX - Trends, Forecasts and Consequences (Episode 14: April 2012) - page 83
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The Canadian is a hotshot
Yep ) bought it.
I was seven points short of the bai
Where is Draghi? Or has it all been said already, only it hasn't been in the terminal?
Where is Draghi? Or has it all been said already, only it hasn't been in the terminal?
As far as it goes, he has already spoken. and what he said about it, margarita will tell us.
he has already spoken. and margarita will tell us what he said about it.
he didn't say anything good from birth ))))
he didn't say anything good from birth ))))
then why did gold roll so well????
then why did gold do so well????
Leave the interpretation to the analysts, let them tell the story.
I don't mind. Although there's no smoke without fire.
leave the interpretation to the analysts, let them tell it
they will tell us ))))
but here's what it says on the fund....
What investors dreamed in their nightmares is starting to come true: sources in the Spanish government said today that the state could take over the finances of some autonomous regions as early as May, in order to restore the confidence of market participants. Investors are rather skeptical about the potential positive effect of such measures. Some say that the situation is reminiscent of Ireland's handling of the national banks - a story that did not end well. Others express doubts that the government will be able to deal more effectively with regional budget deficits than their leaders. On the whole, it seems that if the government enforces more fiscal discipline also at regional level, it will only worsen the already unfavourable economic situation of the country. Meanwhile, ensuring control over regional finances threatens to increase the national debt, the sustainability of which is already highly questionable. Some "veterans" even joke that Spain wants to consolidate its status as "too big to fail" after all.
Spain's official national debt stands at 68.2% of GDP (end-2011), but some experts warn that the borrowing has been growing since the beginning of the year. If we take into account the rescue package of the ECB ($332 billion), stabilization funds ($125 billion), liabilities to the European Investment Bank ($67 billion) and the MFA (Macro-Financial Assistance Fund) as well as costs within the EU budget, Spanish debt totals $1.733 trillion which corresponds to almost 134 % of GDP. Spanish bonds are rising today, but this is unlikely to be a reflection of increased investor confidence and the improvement is likely to be temporary. ECB officials announced last week that they plan to resume buying Spanish bonds via the SMP and investors might adopt a less aggressive selling approach in anticipation of that. However, if we go back to the story of Greece, the effect of the bond purchases by the ECB, firstly, was short term and limited in scope and secondly, in view of the developments, eventually led to an increased proportion of "voluntary" debt reliefs per borrower in Greece - the ECB did not share the burden of helping the Hellenes with the private sector