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France-Germany spread @200 grab popcorn

today Wednesday 16: Schaeuble spoke :D German fin min: ECB would be wrong answer to crisis http://www.reuters.com/article/2011/11/16/eurozone-germany-schaeuble-idUSL5E7MG3NH20111116

this is "Le Monde" today http://lesalonbeige.blogs.com/my_weblog/2011/11/goldman-sachs-fonctionne-comme-la-franc-maçonnerie.html google's translation...

Politicians are ignorant and most of them are thieves by definition. Average ignorant politicians didn't know, but the founding fathers of the euro knew. Jacques Delors said that they had to begin with a monetary integration and a crisis would have come to push toward a deeper integration...

right and in turn, Goldman Sachs has THEM and the whole Europe by the balls. The man behind the curtain is no longer behind the curtain.

Belgium is even worse http://www.bloomberg.com/quote/GBGB10:IND/chart Spreads rising, new record high Belgium 301 France 183 Austria 180 Ah, these lazy southern europeans ! get a job, go to work ! [sarcasm intended]

You haven't seen Belgium-Austria-France spreads lately, have you ? If the trend keeps on, in a matter of days it's Germany VS rest of Europe

Germans are hard workers: an announcement a day keeps Europe at bay. :D Today, Monday, 14 November 2011. They have been busy, because italian BTP-BUND spread was too low: Merkel allows voluntary exits from euro area, Bundesbank´s Weidmann against ECB intervention. Spread rises from 450...

THEY should do Europe a favor and "voluntarily" exit the euro area. Euro's problem is Germany.

Take a look at the german yield curve http://www.bloomberg.com/markets/rates-bonds/government-bonds/germany/ 0.2% 1Y 0,45% 3Y 1,8% 10Y inflation 2-3% This should be enough to understand why every single day of the week, Merkel or some a*hole at the Bundesbank comes out saying ECB bond...

It's easy to answer "assets, or toxic assets ?" since we are talking about a bank managed by politicians.... Anyway you know better than me that assets don't reduce the gross debt figure. Then, for instance Italy's debt, with real estates valued 500bln, state owned oil and energy companies, etc...

And that principle applies to public companies that cover more than 50% of their costs with market revenues and not with taxes. So I have to correct myself: that's not greek bookkeeping... that's Lehman bookkeeping :D Do rating agencies know this, or are they playing tricks too ?

I read about KFW debt 2 month ago on an italian newspaper, maybe someone got tired of being lectured by germans and their tricks. I not an accounting expert, but IMHO this is the part of ESA95 we are interested in: http://epp.eurostat.ec.europa.eu/cache/ITY_SDDS/Annexes/naga_a_esms_an1.pdf...

I'm 100% sure that if he decides to buy, he will go on Cnbc and tell it to us BEFORE he buys :D

I just wrote it, you seem misinformed. German debt together with KFW debt is at least 100% GDP, they are allowed not to account it and pretend it's 82% thanks to a legal bookkeeping artifice (i don't have the link at hand, i have to google it again). Then I'm reading of accounting mistakes...

Everyone ? Then why KFW debt is guaranteed by Germany but is not accounted in german debt ?

Just wait until the "market" realizes state owned bank KFW hides 400 billion of debt and german real debt/gdp is at least 100%

ok, it's almost the end of the week 6.448% http://www.bloomberg.com/quote/GBTPGR10:IND classic

i agree maybe has something to do with this ? http://uk.reuters.com/article/2011/11/11/uk-eu-ratingagencies-idUKTRE7AA3NX20111111 LONDON | Fri Nov 11, 2011 2:05pm GMT (Reuters) - The European Union next week unveils its third broadside against credit rating agencies since the financial...

http://blogs.wsj.com/marketbeat/2011/11/10/whoops-sp-says-scary-message-on-france-sent-in-error/ Here’s the statement from S&P: As a result of a technical error, a message was automatically disseminated today to some subscribers of S&P’s Global Credit Portal suggesting that France’s...