s*********8
发帖数: 901 | 1 Portuguese austerity talks broke down yesterday, and Sócrates resigned. Now
the country will need an estimated $100 billion bailout. The market expects
Ireland to default. (Irish bonds are now yielding more than 10%.) Citigroup
recommended buying credit default swaps (CDS) on Irish government debt (CDS
pay off in the event of default). And Moody's cut the credit ratings of 30
Spanish banks. (Spain is one of the most troubled European nations.)
The collapse of the euro is a more popular topic lately. Even Warren Buffett
weighed in today… Buffett believes we'll see "huge efforts" to save the
euro… Despite all the bad news, the euro gained against the dollar today.
Maybe the market expects "huge efforts" to save the euro to come from the
United States… We can't see any other explanation for today's currency move
.
Yesterday, Portugal yielded to the inevitable and asked the European Union
for a bailout (the third country to do so). Portugal claims it will need $
107 billion. Of course, the actual amount of bailout funds will be greater (
if the past three years of bailout efforts are any indicator). And the
International Monetary Fund (IMF) says it "stand[s] ready to assist Portugal
." Since the U.S. is 15.82% of the IMF, we're on the hook for Europe. | W*****e
发帖数: 7759 | 2 美元大跌,欧圆大涨,为神马!!!
Now
expects
Citigroup
CDS
30
Buffett
【在 s*********8 的大作中提到】
: Portuguese austerity talks broke down yesterday, and Sócrates resigned. Now
: the country will need an estimated $100 billion bailout. The market expects
: Ireland to default. (Irish bonds are now yielding more than 10%.) Citigroup
: recommended buying credit default swaps (CDS) on Irish government debt (CDS
: pay off in the event of default). And Moody's cut the credit ratings of 30
: Spanish banks. (Spain is one of the most troubled European nations.)
: The collapse of the euro is a more popular topic lately. Even Warren Buffett
: weighed in today… Buffett believes we'll see "huge efforts" to save the
: euro… Despite all the bad news, the euro gained against the dollar today.
: Maybe the market expects "huge efforts" to save the euro to come from the
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