Europe to go down in a matter of days

[scooterscot]

Introduction of tobin tax now please

[suityou01]

Fook me tweedle even dumber has shown up

[Freamon]

Willem Buiter works for Citigroup.

Citigroup is dumb money and probably owns a load of Spanish and Italian govt bonds.

If the ECB don't bail them out, Citigroup stand to lose billions, and probably go bust.

He's just a mouthpiece for his employer.

[suityou01]

Willem Buiter works for Citigroup.

Citigroup is dumb money and probably owns a load of Spanish and Italian govt bonds.

If the ECB don't bail them out, Citigroup stand to lose billions, and probably go bust.

He's just a mouthpiece for his employer.

Right! Correct! Now identify some IB / hedge fund that doesn't fit this profile either directly or indirectly then you get the gist of the thread

[Freamon]

Right! Correct! Now identify some IB / hedge fund that doesn't fit this profile either directly or indirectly then you get the gist of the thread

I think I missed the gist.

The point I was making is that you shouldn't blindly believe what Buiter says as he is just talking his book. If the ECB doesn't bail out Italy and Spain, Citigroup are in trouble.

Earlier you said everyone is short the Euro, so I'm not sure how that squares with the idea that every IB and hedge fund fits the profile of Citigroup.

[suityou01]

I think I missed the gist.

The point I was making is that you shouldn't blindly believe what Buiter says as he is just talking his book. If the ECB doesn't bail out Italy and Spain, Citigroup are in trouble.

Earlier you said everyone is short the Euro, so I'm not sure how that squares with the idea that every IB and hedge fund fits the profile of Citigroup.

Totally fair question F. And you are right Buiter is being very worst-case-ist, probly for his own reasons. And that was the gist of the thread. The euro-zone could go down in days. If you think about it, and if the ECB do frak all, then it is possible.

Take into you're thinking that the German goverment and the ECB seem culpably negligent in letting the bond markets get this far and you get a sniff of an agenda. But what?

"We need more europe, not less" says Merkel. Freamon's interpretation please?

[fullyautomatix]

So SuitYou, "everybody" is short on Euro, and that everybody then circulates rumours that Euro is about to crash any minute, anybody would think they have vested interests in this. What do you reckon ?

There is a reason why short selling was banned in the past. Problem is big companies have mouth pieces who are chums with the media and sell stories to fuel mass hysteria, resulting in sell off's that directly benefit their short positions.

How about you coming forward with a credible explanation as to why Euro will crash and burn ?

[EternalOptimist]

So SuitYou, "everybody" is short on Euro, and that everybody then circulates rumours that Euro is about to crash any minute, anybody would think they have vested interests in this. What do you reckon ?

There is a reason why short selling was banned in the past. Problem is big companies have mouth pieces who are chums with the media and sell stories to fuel mass hysteria, resulting in sell off's that directly benefit their short positions.

How about you coming forward with a credible explanation as to why Euro will crash and burn ?

It's not right to call suity a mouthpiece.



an @rse piece. maybe

[suityou01]

It's not right to call suity a mouthpiece.



an @rse piece. maybe

A-a-a-a-a-a- calm down mate

[EternalOptimist]

A-a-a-a-a-a- calm down mate

heh heh