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Anaconda&zdreg, yes, may be. But there's a huge difference between now and then: the financial elites are no more in the shadow, they lost their most valuable asset. Rating agencies: who believes them anymore ? Investment banks, they don't exists anymore: did they forecast their own death ...

I totally agree. Rating agencies gave triple A to trillions of toxic products, and paved the way for people behind them to carry out the biggest fraud of the century. Moreover we know well that rating agencies have always been used as a political weapons against companies or entire countries...

because a huge part of German GDP depends on its comrades' spending. E.g. think about cars: do you know how many Volkswagen, BMW, Mercedes are sold in Italy ? Do you know how many of those cars are bought with debt ? Do you know that if Italy and Spain and other comrades get out of the...

Actually something similar happened in 1982. You should read the story of Roberto Calvi. Indeed, Mafia and the Vatican were involved. http://en.wikipedia.org/wiki/Roberto_Calvi In July 1991, the Mafia pentito (a mafioso turned informer) Francesco Marino Mannoia claimed that Roberto Calvi had...

hyenas, not lions :cool:

Brendan, confess your sins, you work for the most famous and hilarious newspaper of the web, don't you ? :D http://www.telegraph.co.uk/news/worldnews/europe/france/3374512/France-threatens-to-seize-banks-German-bail-outs-escalate.html BTW you bring good luck: today in Northern Italy is a...

It seems that you are well informed, so I don't understand: didn't you know that the Euro banknotes are backed by the ECB - ALL OF THEM ? Didn't you know that the banknotes printed by an italian or spanish mint, are acknowledged by the ECB, just like those minted in Germany ? Didn't you know...

It's not that decorrelated. Our business depends in meaningful ways from constructions/real estate. Even we are surprised, but afterall in Italy we don't have a huge housing bubble like in UK, so I think we will suffer less. I've read in this thread that you are leaving London, because of...

My business is in Italy, and we just ended the month of October 2008 with the same turnover of October 2007. And this year we also feel the pressure of a very strong direct competitor. This year we'll have the same profits of last year. Moreover we need to hire some worker, and we are having...

This is an old story from the telegraph http://www.telegraph.co.uk/finance/economics/2791587/Support-for-euro-in-doubt-as-Germans-reject-Latin-bloc-notes.html and the informations contained there are COMPLETELY WRONG. The serial numbers don't work the way they say, you can't trace back the...

They are history. The German government and the ECB are behind Porsche. http://www.telegraph.co.uk/finance/newsbysector/transport/3281537/Porsche-and-VW-share-row-how-Germany-got-revenge-on-the-hedge-fund-locusts.html The hedgies decided to go against the central banks, pushing commodities...

Thanks. Now I'm just waiting that the hedge funds that are shorting italian BTP, end belly up like those buffoons, killed by Porsche and German government. They lost 30 BILLION euros, LOL :D...

@ck9, sorry. I can't find a news in english, so here it is: "Spreads between german gov bonds and other eurozone countries bonds are now excessively wide" said Almunia "I hope that the stabilization of financial markets will enable a normal risk assessment by the market, instead of an...

That's the point. This is paper money, and they do whatever thay want. There are some crazy hedge funds, the so called shadow banking system, who want to fight the Central Banks. Bring it on. Hedges are dying like flies.

As soon as I read your first post, I already knew you were about posting about spreads, italian forums are full of this B.S. So what ? Did you know that the ECB has the power to buy government bonds, and they often do it ? If you are so sure about it, build some long CDS trade, or long...

I'm afraid that on this forum nobody gives a s**t about Italy :D Seriously: other countries are currently planning to accelerate their adoption of the euro, e.g. Denmark, even in UK there are rumors. And you want one of the founders and moreover one that hasn't spent a single penny to...

other candidates, considering short-term bank debt compared to GDP: Great Britain - 156% Switzerland - 260% Belgium - 285% In other words, banks too big to be saved. Iceland was 211% http://www.nytimes.com/2008/10/11/business/worldbusiness/11charts.html?_r=1&oref=slogin

Funny. Italy hasn't spend a single penny yet to bailout banks, so the debt is not growing yet. And the only bank with problems (Unicredit) has been recapitalized by shareholders with a few billions. Perhaps you don't know that Italy like others ECB countries can sustain the banks' bailout...

I'm sorry to tell you this, but USA is already become much more socialist than France and Italy and other european countries put together. And sadly the man in the street can't do anything against it.

"clobbered" ? :D You don't live in Spain or Italy, do you ? I'm in Italy and I watch closely my business, my cash flow, and it's doing fine. Then I read the international news about Italy (particularly in British newspapers) about some supposed bad problems here, and I wonder what on earth...