A "disastrous" German bond sale - Printable Version +- RogueValleyForum.com (https://www.roguevalleyforum.com/forum) +-- Forum: General Discussion and Debate (https://www.roguevalleyforum.com/forum/forumdisplay.php?fid=8) +--- Forum: National and World News (https://www.roguevalleyforum.com/forum/forumdisplay.php?fid=18) +--- Thread: A "disastrous" German bond sale (/showthread.php?tid=7444) |
A "disastrous" German bond sale - chuck white - 11-23-2011 Quote:(Reuters) - A "disastrous" German bond sale on Wednesday sparked fears that Europe's debt crisis was starting to threaten even Berlin, with the leaders of the euro zone's two biggest economies still at odds over a longer-term structural solution. http://www.reuters.com/article/2011/11/23/us-eurozone-idUSTRE7AM0VR20111123 Here is the next step in the fall of the Euro. RE: A "disastrous" German bond sale - Yeshuah Hamashiach - 11-23-2011 Merry Christmas . Das kind ist geboren oh halleluyah. RE: A "disastrous" German bond sale - chuck white - 11-23-2011 I think Germany, will take over the Euro, change them back to German Marks. You won't be able to buy anything unless you have the Mark. RE: A "disastrous" German bond sale - PonderThis - 11-23-2011 I saw this story earlier, I get tired of posting financial gloom and doom stuff all the time. But you're right, none of this gets any better. RE: A "disastrous" German bond sale - chuck white - 11-23-2011 (11-23-2011, 04:00 PM)PonderThis Wrote: I saw this story earlier, I get tired of posting financial gloom and doom stuff all the time. But you're right, none of this gets any better. The problem comes from one currency, but multiple governments issuing bonds payable in that one currency. Unlike the US, they can't issue new money to pay off the bonds. This leads to default. http://www.bbc.co.uk/news/business-15592197 Has some interesting points, RE: A "disastrous" German bond sale - chuck white - 11-23-2011 Quote:Has the Bank Run Begun in Europehttp://www.cnbc.com/id/45417735 Quote:Money-market funds ,in the United States have quite dramatically slammed shut their lending windows to European banks. According to the Economist, Fitch estimates U.S. money market funds have withdrawn 42 percent of their money from European banks in general. RE: A "disastrous" German bond sale - Wonky - 11-23-2011 Yep. This is BIG! Our world could be changing lickity split, right before our eyes. Are we privileged to have a front row seat to history? Maybe not. Gather the loved ones in close and watch carefully. RE: A "disastrous" German bond sale - Yeshuah Hamashiach - 11-23-2011 And dont forget to feed the cat. Genius , aim . RE: A "disastrous" German bond sale - Tiamat - 11-23-2011 I'm tired. I thought it said a disatrous German Blonde sale. RE: A "disastrous" German bond sale - chuck white - 11-23-2011 (11-23-2011, 10:32 PM)Tiamat Wrote: I'm tired. I thought it said a disatrous German Blonde sale. Sounds like a blond joke. Let me guess the punch line, "They though they were going on a boat" RE: A "disastrous" German bond sale - chuck white - 11-23-2011 Quote:Base metals tumbled for the second consecutive day on Wednesday, 23rd November amid the strong US dollar coupled with series of disappointing global economic data. Copper at LME plunged to a 4-week low by 3.06% at $7195 a metric tonne. The grim Chinese manufacturing PMI data that fell to 48.0 in November conspired with the dimmer reports on Belgian-French financial institution Dexia SA rescue deal which led the French and Belgian bond yields to rise and threatened the country's triple-A rating hammered the metals during the early session of the trade yesterday http://www.indiainfoline.com/Markets/News/Base-Metals-Plummeted-On-A-Series-Of-Bleak-Global-Economic-Data/4047959608 Ever play that game with dominoes, where you set them up in a line? RE: A "disastrous" German bond sale - Willie Krash - 11-24-2011 I have written here extensively re Germany and China giving many links to Strafor's complex analysis. CW is right and the issue in this election isn't about rather the earth is round or gay marriage or evolution. The so called Repug debates (in reality Obama campaign ads); no one was asked about the European problem that I'm aware of...Well Greece perhaps in a talking point kind of way. The issue is Europe and I will repeat my advice, watch your 401K. You may remember that Obama back in 2009 went to Germany trying to get them to do stimulus and he was rebuked. That was a telling point and largely ignored. A good study is why the Euro will have a difficult time standing given the cultural dynamics of Europe. In the best of times it was under stress, much more so now. RE: A "disastrous" German bond sale - chuck white - 11-24-2011 China is in trouble too http://www.theepochtimes.com/n2/china-news/chinese-tv-host-says-regime-nearly-bankrupt-141214.html Quote:Lang’s assessment that the regime is bankrupt was based on five conjectures. RE: A "disastrous" German bond sale - PonderThis - 11-24-2011 I saw Portugal was downgraded today too. If I read correctly they're paying something like 13% interest on their latest bond sale??? It sure sounds like the Euro is going down. RE: A "disastrous" German bond sale - chuck white - 11-25-2011 Quote:Venezuela has received its first shipment of gold bars, after President Hugo Chavez ordered the repatriation of 85% of the country's bullion reserves.http://www.bbc.co.uk/news/world-latin-america-15900885 Quote:Belgium's rating was cut by one notch, to AA from AA+, with S&P expressing concerns about funding and market pressures.http://www.bbc.co.uk/news/business-15898759 Quote:Italy has been forced to pay record interest rates in a 10bn euro ($13bn; £9bn) auction of treasury bills.http://www.bbc.co.uk/news/business-15888752 Quote:Moody's has cut its rating of Hungarian government debt to junk status.http://www.bbc.co.uk/news/business-15886364 RE: A "disastrous" German bond sale - TennisMom - 11-26-2011 Too many nations are too committed to the whole European alignment. If Europe is going to have a future, it has to be aligned. There has to be a common currency in order for this to work. Breaking up the currency agreement removes that. There are similar economic pressures on the US. Look at Harrisburg, PA which has a debt almost as large as some of this European countries. The state won't allow Harrisburg to declare bankruptcy under PA law. How many other cities in the US are a heartbeat away from declaring bankruptcy? Also, what is going to happen with California? The richest parts of Europe will come together to protect the weakest parts. RE: A "disastrous" German bond sale - chuck white - 11-26-2011 (11-26-2011, 12:17 PM)TennisMom Wrote: The richest parts of Europe will come together to protect the weakest parts. Ya, Right RE: A "disastrous" German bond sale - PonderThis - 11-26-2011 I agree with Chuck on this one. The countries of Europe never did particularly get along with each other anyway, and this looks to me like it's going to tear the Euro apart. RE: A "disastrous" German bond sale - chuck white - 11-26-2011 Quote:Russia Officially Adds 19.5 Tonnes of Gold Reserves in October Alone http://campaign.r20.constantcontact.com/render?llr=nid4i7n6&v=001kSkfsfL4g8jJO-tI8gj4dAaZnUdk406OpG-2iwzntSxMrNspRpulDJO0BrocVd2GsU-gRyFkCTs1B9vJhLVFMUML41ypt7R8pM4trc8EG-E%3D |