Is the end nigh for the Euro? [vol. 3]
Discussion
Interesting commentary from one attendee at the latest ECB meeting where it has been decided to extend the QE programm for a further six months all be it at a reduced rate.
Kathleen Brooks of City Index described the ECB meeting as a "financial version of Alice in Wonderland" given some of the changes the bank was forced to make to its bond-buying scheme.
"It will now include bond purchases below its own deposit rate, which is already minus 0.4%. Thus, the ECB will be paying to hold some bonds that will be included in its QE programme. The craziness doesn't stop there; some of those bonds have a negative yield because of the ECB's QE programme in the first place," she said.
"The ECB has had to buy negative-yielding bonds because it has bought all the eligible higher yielding stuff, so it has no choice."
Kathleen Brooks of City Index described the ECB meeting as a "financial version of Alice in Wonderland" given some of the changes the bank was forced to make to its bond-buying scheme.
"It will now include bond purchases below its own deposit rate, which is already minus 0.4%. Thus, the ECB will be paying to hold some bonds that will be included in its QE programme. The craziness doesn't stop there; some of those bonds have a negative yield because of the ECB's QE programme in the first place," she said.
"The ECB has had to buy negative-yielding bonds because it has bought all the eligible higher yielding stuff, so it has no choice."
gruffalo said:
Interesting commentary from one attendee at the latest ECB meeting where it has been decided to extend the QE programm for a further six months all be it at a reduced rate.
Kathleen Brooks of City Index described the ECB meeting as a "financial version of Alice in Wonderland" given some of the changes the bank was forced to make to its bond-buying scheme.
"It will now include bond purchases below its own deposit rate, which is already minus 0.4%. Thus, the ECB will be paying to hold some bonds that will be included in its QE programme. The craziness doesn't stop there; some of those bonds have a negative yield because of the ECB's QE programme in the first place," she said.
"The ECB has had to buy negative-yielding bonds because it has bought all the eligible higher yielding stuff, so it has no choice."
In any other walk of life this would be fraud, plain and simple. Kathleen Brooks of City Index described the ECB meeting as a "financial version of Alice in Wonderland" given some of the changes the bank was forced to make to its bond-buying scheme.
"It will now include bond purchases below its own deposit rate, which is already minus 0.4%. Thus, the ECB will be paying to hold some bonds that will be included in its QE programme. The craziness doesn't stop there; some of those bonds have a negative yield because of the ECB's QE programme in the first place," she said.
"The ECB has had to buy negative-yielding bonds because it has bought all the eligible higher yielding stuff, so it has no choice."
The Taxpayers own the reserves that are being depleted to manage the currency, better to cut taxation for everyone to stimulate demand.
Anyone remember the FT used to run a side piece about the time to sell shares in any company was when the unveiled plans for a swanky new HQ.
http://www.telegraph.co.uk/news/2016/12/08/eu-unve...
Certainly brings me Joy - utter cretins
Gargamel said:
Anyone remember the FT used to run a side piece about the time to sell shares in any company was when the unveiled plans for a swanky new HQ.
I didn't know the FT advised that but when I was looking to decide on whether to allow a company to open a credit account with us (small, niche makers of electronic security equipment during the 1990 to 2003) I would always visit the company's offices. The golden rule was: young company in smart new offices and a line of BMWs in the car park did not get an account - our distributors could handle those. The established firm in a modest/scruffy building and five year old cars would usually have first class references from the bank and other suppliers. Good to know it works at a higher level too!Gargamel said:
In any other walk of life this would be fraud, plain and simple.
The Taxpayers own the reserves that are being depleted to manage the currency, better to cut taxation for everyone to stimulate demand.
Anyone remember the FT used to run a side piece about the time to sell shares in any company was when the unveiled plans for a swanky new HQ.
http://www.telegraph.co.uk/news/2016/12/08/eu-unve...
Certainly brings me Joy - utter cretins
another instance of just how unaccountable these hypocrites have become .no wonder there are so many crooks involved in big business when this is the kind of example set by those supposedly in charge of getting best value for taxpayers money.The Taxpayers own the reserves that are being depleted to manage the currency, better to cut taxation for everyone to stimulate demand.
Anyone remember the FT used to run a side piece about the time to sell shares in any company was when the unveiled plans for a swanky new HQ.
http://www.telegraph.co.uk/news/2016/12/08/eu-unve...
Certainly brings me Joy - utter cretins
Gargamel said:
gruffalo said:
Interesting commentary from one attendee at the latest ECB meeting where it has been decided to extend the QE programm for a further six months all be it at a reduced rate.
Kathleen Brooks of City Index described the ECB meeting as a "financial version of Alice in Wonderland" given some of the changes the bank was forced to make to its bond-buying scheme.
"It will now include bond purchases below its own deposit rate, which is already minus 0.4%. Thus, the ECB will be paying to hold some bonds that will be included in its QE programme. The craziness doesn't stop there; some of those bonds have a negative yield because of the ECB's QE programme in the first place," she said.
"The ECB has had to buy negative-yielding bonds because it has bought all the eligible higher yielding stuff, so it has no choice."
In any other walk of life this would be fraud, plain and simple. Kathleen Brooks of City Index described the ECB meeting as a "financial version of Alice in Wonderland" given some of the changes the bank was forced to make to its bond-buying scheme.
"It will now include bond purchases below its own deposit rate, which is already minus 0.4%. Thus, the ECB will be paying to hold some bonds that will be included in its QE programme. The craziness doesn't stop there; some of those bonds have a negative yield because of the ECB's QE programme in the first place," she said.
"The ECB has had to buy negative-yielding bonds because it has bought all the eligible higher yielding stuff, so it has no choice."
The Taxpayers own the reserves that are being depleted to manage the currency, better to cut taxation for everyone to stimulate demand.
Anyone remember the FT used to run a side piece about the time to sell shares in any company was when the unveiled plans for a swanky new HQ.
http://www.telegraph.co.uk/news/2016/12/08/eu-unve...
Certainly brings me Joy - utter cretins
motco said:
I didn't know the FT advised that but when I was looking to decide on whether to allow a company to open a credit account with us (small, niche makers of electronic security equipment during the 1990 to 2003) I would always visit the company's offices. The golden rule was: young company in smart new offices and a line of BMWs in the car park did not get an account - our distributors could handle those. The established firm in a modest/scruffy building and five year old cars would usually have first class references from the bank and other suppliers. Good to know it works at a higher level too!
We had a similar list of "warning signs" when I worked in Corporate (SME) banking. Company flag flying in the car park was on the list for some reason
I had lunch in Geneva today with a professor who lectures on corporate governance.
An interesting and sensible cha, he is from Luxembourg and now lives in Switzerland, with family in Germany.
He sees the demise of the Euro as inevitable and we spent a lot of time discussing the dire implications for the German economy when it happens, including the unwind of Target 2.
loafer123 said:
I had lunch in Geneva today with a professor who lectures on corporate governance.
An interesting and sensible cha, he is from Luxembourg and now lives in Switzerland, with family in Germany.
He sees the demise of the Euro as inevitable and we spent a lot of time discussing the dire implications for the German economy when it happens, including the unwind of Target 2.
Was there a timescale suggested? An interesting and sensible cha, he is from Luxembourg and now lives in Switzerland, with family in Germany.
He sees the demise of the Euro as inevitable and we spent a lot of time discussing the dire implications for the German economy when it happens, including the unwind of Target 2.
Digga said:
motco said:
Art0ir said:
Spotted in Göteborg this afternoon 
Those Swedish bikes never know when they've had enough...
I'm not too fond of aquavit mind you! But Danish girls...
motco said:
Digga said:
motco said:
Art0ir said:
Spotted in Göteborg this afternoon
Those Swedish bikes never know when they've had enough...
The usual suspects were discussing the demise of the Euro on This Week last night and were joined by Clegg's, Spanish international lawyer, Mrs.
Turns out that in her opinion, the EU and the Euro were a massively successful political project. All talk of its demise is ridiculous and no other country is looking to leave.
All Italy's problems, it seems, were of their own making because they did not carry our economic reform.
A completely deluded woman, much like her other half.
Andrew Neil kept on pointing out that she was in fact talking factual b
ks, whilst Portillo said the Euro project is doomed if it fails or even if it carries on, and Liz (nice legs) Kendall says that it desperately needs reform if it is to continue.
It really was like they were talking to a brick wall.
What crisis, there's no crisis.
Desperately deluded.
Cheers,
Tony
Turns out that in her opinion, the EU and the Euro were a massively successful political project. All talk of its demise is ridiculous and no other country is looking to leave.
All Italy's problems, it seems, were of their own making because they did not carry our economic reform.
A completely deluded woman, much like her other half.
Andrew Neil kept on pointing out that she was in fact talking factual b
ks, whilst Portillo said the Euro project is doomed if it fails or even if it carries on, and Liz (nice legs) Kendall says that it desperately needs reform if it is to continue. It really was like they were talking to a brick wall.
What crisis, there's no crisis.
Desperately deluded.
Cheers,
Tony
mondeoman said:
loafer123 said:
I had lunch in Geneva today with a professor who lectures on corporate governance.
An interesting and sensible cha, he is from Luxembourg and now lives in Switzerland, with family in Germany.
He sees the demise of the Euro as inevitable and we spent a lot of time discussing the dire implications for the German economy when it happens, including the unwind of Target 2.
Was there a timescale suggested? An interesting and sensible cha, he is from Luxembourg and now lives in Switzerland, with family in Germany.
He sees the demise of the Euro as inevitable and we spent a lot of time discussing the dire implications for the German economy when it happens, including the unwind of Target 2.
The trigger could be any number of different things - probably something we haven't spotted.
Tony427 said:
The usual suspects were discussing the demise of the Euro on This Week last night and were joined by Clegg's, Spanish international lawyer, Mrs.
Turns out that in her opinion, the EU and the Euro were a massively successful political project. All talk of its demise is ridiculous and no other country is looking to leave.
All Italy's problems, it seems, were of their own making because they did not carry our economic reform.
A completely deluded woman, much like her other half.
Andrew Neil kept on pointing out that she was in fact talking factual bks, whilst Portillo said the Euro project is doomed if it fails or even if it carries on, and Liz (nice legs) Kendall says that it desperately needs reform if it is to continue.
It really was like they were talking to a brick wall.
What crisis, there's no crisis.
Desperately deluded.
Cheers,
Tony
their delusion is entirely understandable .a 5 year old would understand fiscal prudence better than their cabal that only knows spending other peoples money in any way they like. you only have to take a look at youth unemployment across europe to know das projekt is the only thing that matters .Turns out that in her opinion, the EU and the Euro were a massively successful political project. All talk of its demise is ridiculous and no other country is looking to leave.
All Italy's problems, it seems, were of their own making because they did not carry our economic reform.
A completely deluded woman, much like her other half.
Andrew Neil kept on pointing out that she was in fact talking factual b
ks, whilst Portillo said the Euro project is doomed if it fails or even if it carries on, and Liz (nice legs) Kendall says that it desperately needs reform if it is to continue. It really was like they were talking to a brick wall.
What crisis, there's no crisis.
Desperately deluded.
Cheers,
Tony
Tony427 said:
The usual suspects were discussing the demise of the Euro on This Week last night and were joined by Clegg's, Spanish international lawyer, Mrs.
Turns out that in her opinion, the EU and the Euro were a massively successful political project. All talk of its demise is ridiculous and no other country is looking to leave.
All Italy's problems, it seems, were of their own making because they did not carry our economic reform.
A completely deluded woman, much like her other half.
Andrew Neil kept on pointing out that she was in fact talking factual bks, whilst Portillo said the Euro project is doomed if it fails or even if it carries on, and Liz (nice legs) Kendall says that it desperately needs reform if it is to continue.
It really was like they were talking to a brick wall.
What crisis, there's no crisis.
Desperately deluded.
Cheers,
Tony
Yes she was beyond belief. Whilst I greatly admired her purblind pigheadedness, it was a salutary reminder that there's none so blind as them as won't see.Turns out that in her opinion, the EU and the Euro were a massively successful political project. All talk of its demise is ridiculous and no other country is looking to leave.
All Italy's problems, it seems, were of their own making because they did not carry our economic reform.
A completely deluded woman, much like her other half.
Andrew Neil kept on pointing out that she was in fact talking factual b
ks, whilst Portillo said the Euro project is doomed if it fails or even if it carries on, and Liz (nice legs) Kendall says that it desperately needs reform if it is to continue. It really was like they were talking to a brick wall.
What crisis, there's no crisis.
Desperately deluded.
Cheers,
Tony
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