Italian bonds are collapsing

Discussion in 'Markets & Economies' started by projack, Nov 9, 2011.

Page 1 of 2
  1. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    2 years Bonds over 7%
    [​IMG]
     
    projack, Nov 9, 2011
    #1
  2. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Yup that is the beginning of the end for the motherland.
     
    rbaggio, Nov 9, 2011
    #2
  3. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    This is getting serious

    [​IMG]
     
    projack, Nov 9, 2011
    #3
  4. fishball

    fishball New Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    6,509
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Shin Sekai Yori
    Damnit this is gonna crush the AUD... I was hoping it'd rally up to 1.05+ so I could switch out more to USD :(

    I thought that dude's resignation was 'good news' for Italy, argh!

    Oh well. Financial SHTF phase 2!
     
    fishball, Nov 9, 2011
    #4
  5. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    At this rate the Italians have to pay more interest on $2.5 trillion debt than the USA on $15 trillion
     
    projack, Nov 9, 2011
    #5
  6. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    A credit downgrade for Italy from the big 3 credit agency will be the final nail in the coffin
     
    projack, Nov 9, 2011
    #6
  7. Willow

    Willow New Member

    Joined:
    Nov 28, 2010
    Messages:
    474
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    !!!!!!!!!!!!! yikes that a quick spike.
     
    Willow, Nov 9, 2011
    #7
  8. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    The funny thing is that the Greeks can borrow at 3.5% partly subsidised by the Italians. Even the French will be jealous soon.
     
    projack, Nov 9, 2011
    #8
  9. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
     
    aleks, Nov 9, 2011
    #9
  10. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    [​IMG]
     
    projack, Nov 9, 2011
    #10
  11. Lucky

    Lucky Well-Known Member Silver Stacker

    Joined:
    May 27, 2011
    Messages:
    580
    Likes Received:
    403
    Trophy Points:
    63
    Location:
    Western Australia
    Carl Weinberg, the chief economist at High Frequency Economics, recently said the following about what would happen if Italian bond yields go up into the 8 to 10 percent range....

    "If it has to pay those yields to finance itself, Italy is dead, and the sovereign crisis just blew up"

    http://theeconomiccollapseblog.com/archives/arrivederci-berlusconi
     
    Lucky, Nov 9, 2011
    #11
  12. Willow

    Willow New Member

    Joined:
    Nov 28, 2010
    Messages:
    474
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    The big question is WHEN the wobbly house o cards falls down?
     
    Willow, Nov 9, 2011
    #12
  13. Willow

    Willow New Member

    Joined:
    Nov 28, 2010
    Messages:
    474
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    oh, thats why my ears are ringing!
     
    Willow, Nov 9, 2011
    #13
  14. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    ECB: ECB refuses comment on whether emergency meeting taking place
    10. November 2011 0:51:07
     
    projack, Nov 9, 2011
    #14
  15. Lovey80

    Lovey80 Well-Known Member

    Joined:
    May 9, 2011
    Messages:
    2,322
    Likes Received:
    94
    Trophy Points:
    63
    Location:
    Sunshine Coast, QLD
    Projack, where are you getting the interest rate quotes from that you are posting?
     
    Lovey80, Nov 9, 2011
    #15
  16. fishball

    fishball New Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    6,509
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Shin Sekai Yori
    fishball, Nov 9, 2011
    #16
  17. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Coming to a world superpower soon ...
     
    rbaggio, Nov 9, 2011
    #17
  18. jparrie

    jparrie Member

    Joined:
    Apr 12, 2011
    Messages:
    757
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Australia
    Well, after a huge fall on Wall St (3.2%), it appears that yet again the sheeple have flocked the the safety of the US$, up 1.64%(index).

    Gold down 1% (but rising), silver down 2.3% (steady). Now we have a pattern as this is pretty much the same as what happened last time.
     
    jparrie, Nov 9, 2011
    #18
  19. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
    This thread needs a few Hugh Hendry videos
     
    aleks, Nov 9, 2011
    #19
  20. Chilli

    Chilli Member Silver Stacker

    Joined:
    Mar 21, 2011
    Messages:
    958
    Likes Received:
    0
    Trophy Points:
    18
    Location:
    Australia
    Gold in tonnes Share of forex reserves

    1 USA 8,133.5 74.7%
    2 Germany 3,401.0 71.7%
    3 Italy 2,451.8 71.4%

    It's all as clear as mud to me, Why doesn't Italy sell some of its gold ?
     
    Chilli, Nov 9, 2011
    #20
Page 1 of 2

Share This Page