tag:blogger.com,1999:blog-8817171247555815363.post7502144683786080168..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 21/9/10: This Little PIIGSy Went to the MarketTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8817171247555815363.post-16546366028391371982010-11-29T19:23:33.821+00:002010-11-29T19:23:33.821+00:00This little PIIGSy went to market,
this little PIG...This little PIIGSy went to market,<br />this little PIGGSy went default.<br />This little PIIGSy had a bailout,<br />this little PIGGSy had none.<br />And this little PIIGSy went "wee wee wee" all the way to Bonn.Yendornoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-65368832839049454772010-09-22T20:38:08.428+01:002010-09-22T20:38:08.428+01:00Dan O brian said this in todays Irish Times:A more...Dan O brian said this in todays Irish Times:A more insidious longer-term pattern seems to be emerging. As the over-subscription of the bond auctions yesterday shows, investors continue to queue up in numbers to buy risky bonds in the primary market.<br /><br />But within days, they start selling them off at a loss in the secondary market, driving the yield ever higher. What on earth is going on? Irish Banks buying up the bonds to give illusion of successfull placing then having to sell at discount a few days later to get money back ! Sound like an "Anglo" style support operation to me !Greg Pymnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-82579756176353586022010-09-21T23:15:35.014+01:002010-09-21T23:15:35.014+01:00When Oh When Oh When are these Neanderthals going ...When Oh When Oh When are these Neanderthals going to accept your analyses Dr Gurdgiev?<br />The markets don't believe the hype, Michael O'Sullivan is the latest in a long line of economists starting with David McWilliams, to publicly ridicule this dross and still onwards they march into the valley of death.<br />Absolutely Faustian.Furrylugsnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-84434208757027599762010-09-21T22:39:25.656+01:002010-09-21T22:39:25.656+01:00Great post, Constantin. I'm thinking that such...Great post, Constantin. I'm thinking that such POLITICAL decisions can only be made on an expectation of future heavy inflation (by a sane person)... A good bit more of incipient inflation build up and then, 'going forward', what's going to be the propaganda put out to effect that sudden transition to spend, spend spend, before your money's worth nothing and prices soar... And after that... will they rein it in??? Or, will the substantive indebted public and 'insider' favoured like such a state of affairs so much that to do so would be elective suicide? Watch this space...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-64598858214279924272010-09-21T21:34:10.301+01:002010-09-21T21:34:10.301+01:00thanks for your analysis!! it would be impossible ...thanks for your analysis!! it would be impossible to get any useful information from the "papers".ALnoreply@blogger.com