SureTrader Advertisement SureTrader
Home > Boards > The Lounge > Politics > Politics and Money

Investors should take a substantial loss.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
n4807g Member Profile
Member Level 
Followed By 38
Posts 28,573
Boards Moderated 0
Alias Born 07/08/03
160x600 placeholder
Wall Street Not Rewarding Low-expectation Earnings Beats
Health-care, media, energy earnings start winding season down Earnings beats this season have been cheapened, with lower-than-usual...
Top Equities Stories Of The Day
FCC to Sell Maximum Amount in TV Airwave Auction
Fitbit Scores Against Jawbone in Patent Dispute
Valeant Default Fears 'Cured' -- WSJ
Exxon Swoons, but Investors Cheer -- WSJ
CBOE Reports Higher Earnings, Revenue Thanks to Trading Shift
Amazon Kindle Oasis Video Review: Up Close With the Luxury E-Reader
Drugmakers Place Big Bets on Cancer Medicines
Abbott to Acquire St. Jude -- WSJ
n4807g Member Level  Monday, 04/23/12 01:55:27 PM
Re: properlynumb post# 47226
Post # of 108968 
Quote:
Investors should take a substantial loss.



Well that's a real problem because the "investors" that would take the "haircut" are the banks that took the LTRO money from the ECB and to a lesser degree the IMF.

Do you wonder why interest rates are on the rise again? Ask the head of the Bundesbank:

http://www.bloomberg.com/news/2012-04-22/bundesbank-s-weidmann-says-what-no-eu-politician-wants-to-hear.html

Of course when the haircut is taken the banking system in Europe will collapse and they will fall into a full blown depression. What private sector investors learn in Greece, they now practice, don't buy European Sovereign Debt. So there's really no secondary market for those pieces of paper.

Ultimately that haircut will be taken from the population in Europe.

SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist