"The ECB stepped in today to provide emergency liquidity to at least two banks
(without specifying the banks). The implication of course is that all banks are
suspects.
Meanwhile, rumors of China buying significant amounts of debt of Italy has been denied by China's premier, clearly overruling meaningless statements made by Zhang Xiaoqiang, a vice chairman of the National Development and Reform Commission.
Also in the news today is a meaningless statement by European Commission President, Jose Barroso, who will "soon present options for the introduction of euro bonds"
Dead-on-Arrival Eurobond Proposals
The Financial Times as have sever others reported several days ago the Eurobond idea is Dead following the German court ruling that allowed some of the Greek bailout ideas to continue. Please consider Stop rejoicing. This was no victory for the eurozone..."
at http://globaleconomicanalysis.blogspot.com/2011/09/stocks-rally-on-dead-on-arrival.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
Meanwhile, rumors of China buying significant amounts of debt of Italy has been denied by China's premier, clearly overruling meaningless statements made by Zhang Xiaoqiang, a vice chairman of the National Development and Reform Commission.
Also in the news today is a meaningless statement by European Commission President, Jose Barroso, who will "soon present options for the introduction of euro bonds"
Dead-on-Arrival Eurobond Proposals
The Financial Times as have sever others reported several days ago the Eurobond idea is Dead following the German court ruling that allowed some of the Greek bailout ideas to continue. Please consider Stop rejoicing. This was no victory for the eurozone..."
at http://globaleconomicanalysis.blogspot.com/2011/09/stocks-rally-on-dead-on-arrival.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
