Base rate tommorow?

sabretoothtigger

If they insider traded their own info and banked the profits they'd maybe have enough money not to collapse into debt later on.

Every time there is bad news it makes QE3 more likely which brings the market right back up so its not that obvious what the heck is going on really.
I did short the market fall today just as a hedge because the disappointment was fairly obvious and 24hr ago I was reading one pundit say as much

Yes the markets people seem to be very simple creatures.

Totally simple. 6 billion people who do stuff is a market and its fairly unstoppable. Draghi 'whatever it takes' is about influential long term as King Canute . He can stop one wave maybe but not the spring tide

Mrs_Bones

Question to ponder.

According to recent polls in Germany more than half of the Germany population want to leave the Euro themselves. As Germany is seen as the powerhouse of the Euro project and is for the major part putting the money in for much of the bailouts.

What would happen if Germany decide to pick up it's ball and say sorry we're off and leave the Euro?

HAMISH_MCTAVISH

Mrs_Bones wrote: »

What would happen if Germany decide to pick up it's ball and say sorry we're off and leave the Euro?

Several things.

1) The new German currency would appreciate dramatically against the Euro and global currencies (by comparison to where the Euro is today)

2) The Euro would depreciate dramatically against most global currencies.

3) European exports would become cheaper, European tourism would increase, etc.

4) German exports would become perhaps 30% to 50% more expensive for the rest of the world, and fall off a cliff accordingly.

5) The effects on the German economy would be disastrous.

But don't just take my word for it, here's a source from the German Finance Ministry.....

http://www.guardian.co.uk/business/2012/jun/24/germany-eurozone-collapse-economy

Perhaps the rest of the Eurozone should just kick Germany out....

After all those who stayed in would benefit from a more competitive exchange rate and an increase in tourism, along with a central bank free to set monetary policy for the needs of the many, not the fears of the few. While Germany would face economic catastrophe.

HAMISH_MCTAVISH

Mrs_Bones wrote: »

According to recent polls in Germany more than half of the Germany population want to leave the Euro themselves.

Every time I see a poll like that, it reminds me that half the population have a below average IQ of less than 100.....

Good thing their leaders seem to be a bit brighter.

Leaving the EZ would be ruinous for Germany. Shame most Germans are not intelligent enough to grasp the consequences.