In-Depth review of the EU Crisis

[traderman1]

For an in-depth and comprehensive review of the European crisis, the following article is excellent
http://www.marketoracle.co.uk/Article32327.html

It is NOT an article for newbies, but for serious traders. But it is well worth the read.

 

[counter_violent]

Well some of us have been banging on about all this for yonks.
The unknown liabilities in all of these institutions and banks are not unknown by everyone. That is to say that there are some within each organization who know just how dire things are, but they will be bound not to disclose nor make transparent any of this information, even to each other.

 

[traderman1]

Well some of us have been banging on about all this for yonks.

Yes, I realise that the information has been out there for some considerable time. That wasn't the point I was trying to get across.

The point I was trying to emphasis was that it was a well structured, in-depth and comprehensive review of the crisis written in a very clear and defined format.

 

[Martinghoul]

There is so much bullsh1t in this article, it's not even funny. Moreover, there's a whole lot of barking up the wrong tree. So even if it does raise some valid points, they're obscured by the HeroZedge-style nonsense.

 

[scose-no-doubt]

There is so much bullsh1t in this article, it's not even funny. Moreover, there's a whole lot of barking up the wrong tree. So even if it does raise some valid points, they're obscured by the HeroZedge-style nonsense.

expand

 

[Martinghoul]

expand

I am pretty big already (it's the sedentary lifestyle), so I'd rather not .

 

[scose-no-doubt]

Another member of the post-christmas decorative belt society.

 

[NVP]

heres a video of the recent Eurozone Summit

N

*Don't Panic!*- Scene from Airplane - YouTube

 

[traderman1]

There is so much bullsh1t in this article, it's not even funny. Moreover, there's a whole lot of barking up the wrong tree. So even if it does raise some valid points, they're obscured by the HeroZedge-style nonsense.

Really?? !!

Please outline each and all of the points that are bullsnit (and the reasons why they are considered to be bullsnit).

Please outline each and all of the 'whole lot of barking up the wrong tree' (and tell us all what are the right trees).

Otherwise your post will be obscured by the Martinghoul nonsense.

 

[TobyDoyle]

I am pretty big already (it's the sedentary lifestyle), so I'd rather not .

Yeah, that made me chuckle.. but I would be interested in why you think the way you do regarding the article!!

 

[Martinghoul]

Really?? !!

Please outline each and all of the points that are bullsnit (and the reasons why they are considered to be bullsnit).

Please outline each and all of the 'whole lot of barking up the wrong tree' (and tell us all what are the right trees).

Otherwise your post will be obscured by the Martinghoul nonsense.

Sure thing...

- "Historic and unprecedented LTRO" is bullsh1t. There have been similar LTROs in the past, albeit of shorter maturity.
- "US dollar cash is king" is bullsh1t. There is currently no sign of particular stress arnd the funding of USD assets. What briefly occurred at the end of December was due to the dismantling of Dexia.
- quoting Bill Gross's tweets is silly. Bill Gross says many things and many of them are extremely wrong. Didn't he say that "UK gilts were resting on a bed of nitroglycerine"? Since then gilt yields have done nothing but rally to historically low yields.
- "three year loans at absurd rates" is bullsh1t. The ECB offers all its loans at the same rates.
- "wholesale lending has frozen" is utter bullsh1t.
- "shadow banking system" is total bullsh1t. There have been no operational SIVs for a good long time now.
- Using "LIBOR" alongside "LIBOR-OIS" is idiotic. Using percentage changes in these is beyond idiotic. Yes, the spread has risen, but it's not anywhere near 2008 levels. Moreover, anyone who looks at the money mkts knows that this spread rises in December due to year-end balance-sheet hoarding. The spread has been plummeting in January.
- "TED spread yield" is bullsh1t terminology. You could maybe say "TED yield spread", but even that is wrong. Correct term is "TED spread" and using it together with "LIBOR-OIS" redundant.

Would you like me to continue? 'Cause there's a lot more, like this priceless gem: "$107 TRILLION in derivative SWAPS"...

Now don't get me wrong. I am not suggesting that the Eurozone doesn't have a problem. It sure does and there's a lot of people who offer meaningful and thoughtful analysis of the various issue. Some of the issues raised in the article are relevant. But it's all buried in so much HeroZedge bullsh1t, it's impossible to process.