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Belgium has to go to the markets one more time in 2011. Next week I believe to the tune of 3 Billion USD or so. Apparantly they are scared shitless cause they launched a major campaign to sell the bonds internally to it's citizens. Word has it the quest is a major succes at a 35% lower...

RIP He was something else really. http://www.youtube.com/watch?v=ToI_BqS4vuc

Thai woman are the world's prostitutes and I say that with no disrespect. Everywhere in the world men go to Thailand to buy a Thai woman. You can be but ugly, have no teeth and live in a 1 bedroom appartment... The most beautifull Tai women will mary you. It's a strange fact that has...

If you only printed money to cover the spending, that would have been FAR LESS inflationary! As of 2010, the national debt stood at $13,561.60 billion while the total accumulative interest expenditures were $8,575.5 billion. In other words, had we just printed the money and spent it, the debt...

I checked their site nothing there...

What is the difference between "printing money" and buying periferal bonds as they have been doing for months now? Is it strictly the sterilising or not?

The average Euro Dollar rate since it's inception is 1.20 I believe so yeah there is room to fall no doubt. But then again Ralph you know US policy makers are not in favour of a very strong USD so that and the Chinese profit margins might put a floor below the Euro at some point. Ofcourse...

They will al go and try to trade for temselves at home now.... If they didnt spend all their money from the good years on coke or booze. :p

Well, this has been the case for decades really if not longer. People actually died in riots over internal disputes even in the seventies for instance. What is clear is since the inception of the Euro risk has been allowed to build up out of control. Before the Euro was launched for...

Hehe, yeah they have a 60 Billion Euro sovereign bond portfolio. Half of that is Belgian. I believe they have a +-400 Billion Balance sheet. 17 Billion capital 10 Billion rescue package from 08 that needs to be repaid 14 Billion Irish mortgages 20 Billion CDO's Large Eastern...

It was down 10% today. Down 90% from the pre 08 peak. It's all over the news ofcourse. Don't know how this will end really.

75% of German export stays within Europe. Why people think Germany doesn't "need" the rest of Europe anymore is beyond me.

Government negotiations have just collapsed over here. Good news right... No capital gain taxes. :p Seriously...What are they thinking.

I dont' know man. Say 10, 20 years ago "the system" worked fine and (almost) everyone (in the western world) at least was doing fine. Were politicians more competent back then? Did they care more about doing the right thing? To me it is just the business cycle (which yes has been...

Have you considered the possibility that certain problems are unfixable and no one could fix them elected or not? It's like asking someone to change the laws of gravity at times no...

How are you positioned if there is a huge rally? Not saying there will be one or they could trigger one but will they reallly let the likes of France burst past 5% and do nothing cause the main focus has to remain on inflation?

Could there be any truth in this? The European Commission is helping Greece negotiate an agreement with Switzerland to repatriate as much as $81 billion believed to be hidden in Swiss bank accounts, a high level European Union executive body official said Nov. 17...

Since the FED live expectancy has basically doubled. :)

It's funny Southern Europeaners with degrees have been applying like crazy over here these last months, years. They view Western Europe as far more stable and the pay is a lot higher. Today however the Canadian ambassy had an open day and there were 5 times more people trying to get a...