Click on image to watch Yra discuss the EU crisis plan.
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Tags: ECB, EU, Fed
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.
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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