This entry was posted on May 10, 2010 at 8:08 am and is filed under Debt Market. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
2 Responses to “Notes From Underground: CNBC-EU Crisis Plan Boosts Euro, Stocks”
One question that arised watching this video is the following:
What does it mean if Jim Rickards says “Goldman Sachs can create Shorts faster than Europe can create money” and that today you can break a country , you dont need money ,you just need synthetic euroshorts or CDS”
He wants the world to believe that the world’s central banks are helpless because of the leveraged nature of the derivatives market–but that is a fallacious argument for a sovereign entity can tax these concerns out of existence—-hedge funds should not be so smug as listen to people like merkel and Jouyet for that is not empty rhetoric—i don’t agreewith Rickards assessment
May 11, 2010 at 12:50 am |
Great video and insights from you as usual.
One question that arised watching this video is the following:
What does it mean if Jim Rickards says “Goldman Sachs can create Shorts faster than Europe can create money” and that today you can break a country , you dont need money ,you just need synthetic euroshorts or CDS”
Please explain
Thanks for everything you give us
Best Regards
Julius
May 11, 2010 at 11:19 am |
He wants the world to believe that the world’s central banks are helpless because of the leveraged nature of the derivatives market–but that is a fallacious argument for a sovereign entity can tax these concerns out of existence—-hedge funds should not be so smug as listen to people like merkel and Jouyet for that is not empty rhetoric—i don’t agreewith Rickards assessment