Daily Archives: October 28, 2011 @ 8:23 am (Friday)

Pelosi Quote

“It is clear we must enter an era of austerity; to reduce the deficit through shared sacrifice.” – Nancy Pelosi, Dem Leader, US House

Posted in Deficit | Tagged |

Italy Bond Yields Rise at Auction, 10-Year Bond Auction Yield at New Euro Era High

Nice, they announce proposal to confiscate 50% of Greek bonds from investors right in front of an Italian auction. And we thought we had sorry politicians…

Posted in Bonds, Greece | Tagged , , , |

Euro Bailout Fund Chief Sees No Quick China Deal

Now it all starts unraveling. It’s all talk- another ‘optical illusion’ with no operational reality I sight. The China participation isn’t a done deal. The 50% haircut isn’t a done deal either as they haven’t yet figured out how to … Continue reading

Posted in Bonds, China, ECB, Germany, Greece | Tagged , , , , |