Spain.. A moment of clarity on my part

kabayiri

It's not a bailout folks, it's a "line of credit".

What happens when the politicians and financiers run out of terms to disguise their economic crutches ?

pqrdef

Mistral001 wrote: »

Where there is a culture of paying people more to sell financial "products" than the people who design and maintain aeroplanes there is a problem with values perhaps.

Aeroplanes, that's just technical stuff isn't it?

JohnRo

One almighty train wreck in the making, really picking up speed now, accelerating hard into that dead end.

What happens when the politicians and financiers run out of terms to disguise their economic crutches ?

Just like their counterfeit money machines they crank out some new ones.

Graham_Devon

Loved the markets today!

"Woop, loving the bailout" leads to a 1.5% rise on the FTSE.

Move through the day, people raise concerns, falls to +0.7%.

End the day on "you mean Spain still has problems.....and that even though it was stated spains borrowing costs would now fall, they have again risen!?" - 0.05%

Spainish bonds have now risen to almost 6.5%

"Markets have found it very difficult to hang on to anything close to the bulk of their gains with sentiment tempered by the realisation that, after looking beyond the headline bailout figure to ask what has really changed beyond that number," said Michael Hewson from CMC Markets.

Ahh well, £80bn thrown into the banks. Next? Well apparently, we now need another bailout. A bigger one though.

No....really!?

wymondham

so the money thrown at them today has done .... diddly quat? oh dear, thats one hell of a waste of money! ;-(

Pobby

49% of youngters unemployed in Spain. Not great news. 25% of adults that are jobless.

homelessskilledworker

Graham_Devon wrote: »

Loved the markets today!

"Woop, loving the bailout" leads to a 1.5% rise on the FTSE.

Move through the day, people raise concerns, falls to +0.7%.

End the day on "you mean Spain still has problems.....and that even though it was stated spains borrowing costs would now fall, they have again risen!?" - 0.05%

Spainish bonds have now risen to almost 6.5%

Ahh well, £80bn thrown into the banks. Next? Well apparently, we now need another bailout. A bigger one though.

No....really!?

The worrying thing from where I am sitting is that we are all forgetting how large a sum 100 Billion is. we are becoming totally desensitized to these large sums of money and throwing money of this magnitude like it was lending a mate a tenner just before payday.

If anyone has played in a biggish poker game and watched a bad player lose a large sum of money and then tilt, he suddenly in desperation just throws big raises in on the hope he we recoup his loses, players like this nearly allways walk out of a game with only their shirt on their back.

Thats where we all are in the Euro debacle now.... anyway!! untill the next 100 Billion Euro is handed over... Greece, Italy, Portugal, Ireland, Spain again, anyone else ???

Mistral001

Since we in the Uk are outsiders as far as the Euro Zone goes, we have no control over what the Euro Zone does with their members' economies. So why delude ourselves that we have?

The breakup of the Euro Zone and how it will affect us. Now that's another matter. Are we ready for it?

missile

Mistral001 wrote: »

Since we in the Uk are outsiders as far as the Euro Zone goes, we have no control over what the Euro Zone does with their members' economies. So why delude ourselves that we have? .....

The frightening thing is, it seems those in the Euro Zone have no control either.

Conrad

Thrugelmir wrote: »

More of a gradual tightening of the screw. As people too will have to readjust to a new financial climate

.

And yet daily I hear the left calling for more funding of this, more investment in the other. Thier entitlment greed knows no bounds.

I am forever in debate with the lefties in discussion time here (seems more left leaning there than here), and thier answer to all daily ills seems to be spending money. They bemoan a lack of midwives and call for money, they bemoan cutting back rich GP's pensions and call for more moeny, they call for more dosh for special needs, more for all manner of niche causes such as forced marriage, it never ends.

I'm starting to think this entitlment mindset is more greedy than that of a Bankers.:T