Daily Doom - Live

[suityou01]

Debt crisis: live - Telegraph

Faisal Islam, Channel 4's economics editor tweets:
It's like August 2008 all over again...

[MrMark]

Gold hits another high today... good job you've kept all that bullion, DP...

oh... wait a second...

Could be a master move by DP. The markets are in turmoil, so the govts have to do something to sort things out. Perhaps the US will take advantage of high prices to sell some reserves of gold, and the price then tumbles.
Or maybe the price of gold continues upwards. DP's still made a decent profit. Problem is, where does he put his money now?

[Mich the Tester]

Reports here in Euroland that Italian prosecutors are investigating Moody's and S&P and that police have entered their offices and taken documents. Apparently a consumer organisation has reported the credit charlatans to the police for damaging people's property (pension plans, shares etc) by causing unrest on financial markets. Hmmmm...

[Doggy Styles]

Reports here in Euroland that Italian prosecutors are investigating Moody's and S&P and that police have entered their offices and taken documents. Apparently a consumer organisation has reported the credit charlatans to the police for damaging people's property (pension plans, shares etc) by causing unrest on financial markets. Hmmmm...

The Italian judiciary are "special" people. When Ayrton Senna was killed at Imola they kept his wrecked car under lock and key for several years, and wanted to arrest Frank Williams and/or his chief engineer.

[scooterscot]

Wonder how different the situation would be today if none of the UK / US QE printing programs ever took place?

Wonder how different the situation would be today if the banks (failed business) were allowed to fail in the first place.

Something tells me we'd be looking up instead of down.

[Doggy Styles]

The Italians don't play cricket so why should the ECB bail them out

I'm stumped for a reply to that.

[Mich the Tester]

The Italian judiciary are "special" people. When Ayrton Senna was killed at Imola they kept his wrecked car under lock and key for several years, and wanted to arrest Frank Williams and/or his chief engineer.

It's the law in Italy that accidental deaths have to be dealt with by the judiciary.

[Mich the Tester]

I'm stumped for a reply to that.

I was rather bowled over by the humour of it.

[MrRobin]

Could be a master move by DP. The markets are in turmoil, so the govts have to do something to sort things out. Perhaps the US will take advantage of high prices to sell some reserves of gold, and the price then tumbles.
Or maybe the price of gold continues upwards. DP's still made a decent profit. Problem is, where does he put his money now?

Indeed... I am, actually, impressed by DPs resolution. I would have cashed out a long time ago.

I got caught up in the opportunity to take a cheap shot

[Doggy Styles]

It's the law in Italy that accidental deaths have to be dealt with by the judiciary.

Yes I know. And they take so long.

The chief engineer should have been getting the wreckage back to HQ as quickly as possible to investigate why Senna crashed - a safety issue they'd need to fix and report to the other teams as quickly as possible in case it happens again. Instead the Italians impounded it.

Anyway, that's by the by really I suppose. The Italian economy has been a basket case for decades and no amount of shooting the messenger will put that right.