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The Euro Zone Mess

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The Euro Zone Mess

Postby kimon07 » Thu Jun 14, 2012 8:33 am

Forget Spain And Greece, Signs Of German Weakening Spell Trouble For Europe
Oliver Pursche , Contributor
Harsh words that may prove to be true. It is certainly a critical situation. As some one once said, in these times of peril “You’re either at the negotiati [...]

As the market focuses on Greece and Spain, I believe that attention should be diverted to Germany. After all, Germany’s economy is the largest of the euro zone economies, and is being counted on to help rescue its Mediterranean cousins.
As a result of analyzing German data, and in light of the overall global economic risks, we have moved 15% of the GMG Defensive Beta Fund assets into cash, covered calls and other hedging instruments.
Although I do not view the European debt crisis as worsening, recent data from Germany is giving me additional pause. Specifically:
• The manufacturing sector contracted at the fastest pace for almost three years in May
• The Purchasing Manager’s Index (PMI), down.
• Manufacturing output, down.
• The new business index, down.
• New export orders, down.
• The ZEW survey, tracking investor and analyst sentiment, down.


Read more:
http://www.forbes.com/sites/investor/20 ... or-europe/
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Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 8:49 am

After it has all been said and done, the eurozone is no worse off than what it was in 2004.
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Re: The Euro Zone Mess

Postby cyprusgrump » Thu Jun 14, 2012 9:17 am

Maximus wrote:After it has all been said and done, the eurozone is no worse off than what it was in 2004.


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Admin: Move this thread to Jokes and Enigmas please!
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Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 9:36 am

Disprove my statement, I will accept it if I am wrong.
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Re: The Euro Zone Mess

Postby cyprusgrump » Thu Jun 14, 2012 9:41 am

Maximus wrote:Disprove my statement, I will accept it if I am wrong.


Have you missed the bailouts and collapsing economies....?

Is Spain in the same position having cut €10 billion from education and health in order to pump in €23 billion to save Bankia...?

Is Italy in the same position - being forced to borrow billions at 7% to lend to Spain at 3%?
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Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 9:42 am

You have not disproved my statement,

you have rehashed what you have been hearing on the news in the today.
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Re: The Euro Zone Mess

Postby cyprusgrump » Thu Jun 14, 2012 9:46 am

Maximus wrote:You have not disproved my statement,

you have rehashed what you have been hearing on the news in the today.


No, I have pointed out just a couple of points about the current disastrous state of the €urozone.

There are many more I could have chosen...

I can't believe that many people would have looked at the current situation in 2004 and thought "that'll be all right then - no change there". :lol: :lol: :lol:
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Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 10:00 am

cyprusgrump wrote:
Maximus wrote:You have not disproved my statement,

you have rehashed what you have been hearing on the news in the today.


No, I have pointed out just a couple of points about the current disastrous state of the €urozone.

There are many more I could have chosen...

I can't believe that many people would have looked at the current situation in 2004 and thought "that'll be all right then - no change there". :lol: :lol: :lol:


Yes, a couple of points about the 'current' disastrous state, but you have not disproved my initial statement.

As a matter of fact, the eurozone, relative to other major economies is no worse off than what it was when it came into this crisis, at the end of 2008.

Think about my statement carefully and disprove it in relation to 2004 or 2008, if you can.

After it has all been said and done.........
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Re: The Euro Zone Mess

Postby cyprusgrump » Thu Jun 14, 2012 10:05 am

Maximus wrote:
cyprusgrump wrote:
Maximus wrote:You have not disproved my statement,

you have rehashed what you have been hearing on the news in the today.


No, I have pointed out just a couple of points about the current disastrous state of the €urozone.

There are many more I could have chosen...

I can't believe that many people would have looked at the current situation in 2004 and thought "that'll be all right then - no change there". :lol: :lol: :lol:


Yes, a couple of points about the 'current' disastrous state, but you have not disproved my initial statement.

As a matter of fact, the eurozone, relative to other major economies is no worse off than what it was when it came into this crisis, at the end of 2008.

Think about my statement carefully and disprove it in relation to 2004 or 2008, if you can.

After it has all been said and done.........


So, all of the bailouts past, present and future....? All of that has no consequence?

Bankrupt countries borrowing money to bail out other bankrupt countries...? No consequence.

The imminent default of Greece...? No consequence.

The collapse of the ECB when Greece defaults...? No consequence.

All these things - no consequence - business as normal, things just the way they were in 2004...?

Move along, nothing to see here! :lol:
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Re: The Euro Zone Mess

Postby Maximus » Thu Jun 14, 2012 10:12 am

All you write(right) has been factored into my initial statement already.

The rest is just your "speculation".

you still have not disproved my initial statement.
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