tag:blogger.com,1999:blog-6616959642391988608.post2185683561933601661..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Eurozone panic updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-29754438417317290332011-10-27T05:13:28.555-07:002011-10-27T05:13:28.555-07:00Scott, Scott, Scott
Europe is fixed my man, they ...Scott, Scott, Scott<br /><br />Europe is fixed my man, they said so early this morning. How can you doubt the resolve of Europe's leader to take decisive action in solving the crisis.<br /><br />[Sarcasm implied]<br /><br />BTW, last night saw the death of sovereign CDS productFrozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17718841454262023282011-10-26T21:19:42.475-07:002011-10-26T21:19:42.475-07:00I'm going to hazard a guess: the 50% haircut i...I'm going to hazard a guess: the 50% haircut is insufficient, since it is less than current market pricing which expects a 65% haircut, and since the haircut only applies to private investors (not the ECB's holdings, nor the holdings of Greek pension funds, which together total about $150 billion of Greece's $490 billion of debt). But the mere fact that a sizable haircut has been Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86855162947798508592011-10-26T21:02:07.727-07:002011-10-26T21:02:07.727-07:0050% haircut on Greek debt plus 1.4T into fund - se...50% haircut on Greek debt plus 1.4T into fund - see if it works if it doesn't????AusGarryhttps://www.blogger.com/profile/00982840554018022451noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84984934165721795622011-10-26T18:47:39.279-07:002011-10-26T18:47:39.279-07:00Morgan Stanley published a report which predicted ...Morgan Stanley published a report which predicted mass debt defaults in the US and Europe over the next couple of years. Do you really think there is any evidence that countries will be able to deal with the massive debt burden hanging over them, given how polarized leaders are today? MS recommends selling into any short term rallies.Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-15572996650224631012011-10-26T14:40:45.800-07:002011-10-26T14:40:45.800-07:00I also like the "panic exhaustion" insig...I also like the "panic exhaustion" insight. <br /><br />The increasing receptivity in the econosphere to the market monetarists may also be increasing hopes the Fed and ECB do not re-do the 1930s response to bad times: tight money.<br /><br />Still we are getting Japanned right now. Tough to figure out where to put your dough. Sheesh, real estate is el cheap-o.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51992999920624244512011-10-26T14:39:12.732-07:002011-10-26T14:39:12.732-07:00This comment has been removed by the author.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72042865471681319552011-10-26T13:51:06.708-07:002011-10-26T13:51:06.708-07:00Superb...your explanation of panic exhaustion is o...Superb...your explanation of panic exhaustion is on the mark...broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com