The ECB are fools... insurance costs keep grinding higher.
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  The ECB are fools... insurance costs keep grinding higher.		 « previous next »
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Author Topic: The ECB are fools... insurance costs keep grinding higher.  (Read 773 times)
Beet
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« on: August 22, 2010, 03:24:21 PM »
Ireland 306.48 +9.10 +25.56 22.98
Spain 233.12 +9.05 +19.34 18.13
Italy 204.42 +8.97 +16.83 16.21
Australia 50.05 +6.87 +3.22 4.25
New Zealand 59.50 +6.49 +3.63 5.02
Estonia 96.65 +6.27 +5.70 6.50
Denmark 39.18 +4.83 +1.80 3.35
Portugal 283.03 +4.81 +12.99 21.54

http://www.youtube.com/watch?v=SWksEJQEYVU

"It is no time to be an academic... the Fed is asleep."
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Torie
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« Reply #1 on: August 22, 2010, 10:24:42 PM »
« Edited: August 22, 2010, 10:27:24 PM by Torie »
Is Cramer (sp) back on coke?
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Beet
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« Reply #2 on: August 22, 2010, 11:55:21 PM »
The video is from August 2007.
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Beet
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« Reply #3 on: August 24, 2010, 05:37:16 PM »
Ireland downgraded. European bank earnings disappoint. European banks downgraded.

Tweedle dee, Tweedle dum, nothing is wrong, Germany is booming! There are no imbalances! Europe is fine! Austerity worked! Why don't we upgrade growth projections for next year?



F this sh**t. I give up. Welcome to the great f'ing depression. Brought to you by the central banks, once again.
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Sam Spade
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« Reply #4 on: August 24, 2010, 06:21:52 PM »
"...all the king's horses and all the king's men couldn't put Humpty together again..."
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opebo
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« Reply #5 on: August 25, 2010, 08:17:07 AM »
Quote from: The Only Halfway-Sane Moderator Left on August 24, 2010, 06:21:52 PM
"...all the king's horses and all the king's men couldn't put Humpty together again..."

Nonsense - the king's men created it 1933-1981 and destroyed it 1981-2009.  It has all been done before and can be done again.
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Beet
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« Reply #6 on: August 25, 2010, 06:38:12 PM »
"All the kings men" are very successful... at milling about in circles picking their noses.
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opebo
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« Reply #7 on: August 26, 2010, 03:29:04 AM »
Quote from: Beet on August 25, 2010, 06:38:12 PM
"All the kings men" are very successful... at milling about in circles picking their noses.

That's not really a valid understanding, Beet.  The State is hamstrung by those who control it - the rich - who want things their way even if it causes economic collapse.  The State is perfectly capable of re-creating the high-production, high-productivity economy of late 30s through 1980, if it were simply allowed to redistribute.  The reason it does not distribute is not because of incompetence or nose-picking, it is because of direct political power on the part of the elite, which will not allow it.
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Beet
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« Reply #8 on: August 26, 2010, 03:22:08 PM »
Quote from: Beet on August 22, 2010, 03:24:21 PM
Ireland 306.48 +9.10 +25.56 22.98
Spain 233.12 +9.05 +19.34 18.13
Italy 204.42 +8.97 +16.83 16.21
Australia 50.05 +6.87 +3.22 4.25
New Zealand 59.50 +6.49 +3.63 5.02
Estonia 96.65 +6.27 +5.70 6.50
Denmark 39.18 +4.83 +1.80 3.35
Portugal 283.03 +4.81 +12.99 21.54

http://www.youtube.com/watch?v=SWksEJQEYVU

"It is no time to be an academic... the Fed is asleep."

Update...
Portugal - was 283 - now 338

How high does this sh!t have to go before the ECB intervenes? 500? 1000? 5000?
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