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It depends...

It's QE expectations, yet again...

Italy has done that relatively recently, with great success.

I prefer CHFNOK (and, to lesser degree, CHFSEK), 'cause I am a carry munky.

Indeed... It's all pretty grim.

The SocGen rumors are a total bunch of unadulterated bollox...

I think it's the other way round, judging by today's price action...

Good luck, GoC... May the Schwartz be with all of us.

I believe I can explain... I think it's all about pricing what the new EUR might be. If it so happens that the bad guys (Italy, Spain, etc) exit the EMU and only France, Germany, etc remain. Then the new EUR should be trading at a massive premium to the old EUR. So it's just a matter of...

I am 100% in agreement with you... As I said, makes me skeptical. Maybe too skeptical.

Well, that's exactly my point... Lots and lots of things have to go right for all these things to happen, hence me being such a skeptic. Of course, there's another possibility, which is that the world growth takes off, which means that everything is just a lot easier. Obviously, the mkt...

Yes, I know, it was a rhetorical question. And yes, I am hoping to see them do nothing.

Well, let's assume for the moment (optimistically) that the structural reforms do take place in these countries. Obviously, EFSF is a support mechanism that ensures fiscal transfers in place, as parts of Europe go through the various adjustments. So, in theory, if everyone commits to the EMU...

Firstly, we know that the ECB bond purchases (the SMP programme) aren't the silver bullet, as evidenced by what happened with Greece/Portugal/Ireland. Sure, you could argue that Italy and Spain are different, but that argument only goes so far. Ultimately, as I have mentioned earlier, it's all...

I completely agree... I don't understand why everyone's crying for the Fed to do something.

Yep, I have to say I didn't really get that one at all... Seemed a bit odd.

This is a completely silly claim, Debaser, don't listen to those people... They didn't buy anywhere near those amounts. It's more like EUR 3 - 8bn, no more than that.

No, it's not over by any means...

Some of the things he says make a lot of sense, while others I don't quite get... For example, I have a question please, Lucrum. You mentioned that RP believes that shareholders shouldn't vote on executive compensation. If that's the case, I don't really understand who will be determining...

What's wrong with new potatoes? They iz plenty "hard" (when raw) :).