tag:blogger.com,1999:blog-4921988708619968880.post1384639438922535635..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, March 14 2008 - Part 1Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-4921988708619968880.post-56402509956931830562008-03-14T17:05:00.000-04:002008-03-14T17:05:00.000-04:00ilargi & ric,Big Leonard Cohen fan here, also. Som...ilargi & ric,<BR/>Big Leonard Cohen fan here, also. Some of my fav.lines...<BR/><I>You win a while, and then it's done--<BR/>Your little winning streak. <BR/>And summoned now to deal<BR/>With your invincible defeat,<BR/>YOU LIVE YOUR LIFE AS IF IT'S REAL,<BR/>A Thousand Kisses Deep.</I><BR/>kalpaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80580220475024620882008-03-14T16:25:00.000-04:002008-03-14T16:25:00.000-04:00CR, Go Hans, we need gold to collapse for a little...CR, <BR/>Go Hans, we need gold to collapse for a little bit to provide an entry point. <BR/>Bear made me a couple of years worth of rice today. <BR/><BR/>Ilargi, <BR/>See, Bear blows up and nothing happens, the sayanims always bail each other out. <BR/>BTW, did you see the <A HREF="http://www.treasury.gov/press/releases/reports/pwgpolicystatemktturmoil_03122008.pdf" REL="nofollow">THIS</A>.<BR/>VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41110992913441760422008-03-14T16:10:00.000-04:002008-03-14T16:10:00.000-04:00ilargi,Yeah.... Those are my favorite lines too. ...ilargi,<BR/>Yeah.... Those are my favorite lines too. But I didn't think they related to Paulson. But, who knows....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-81483373663752492182008-03-14T15:03:00.000-04:002008-03-14T15:03:00.000-04:00ric, my fave lines from the song:Everybody knows t...ric, my fave lines from the song:<BR/><BR/><I>Everybody knows that you love me baby <BR/>Everybody knows that you really do <BR/>Everybody knows that you've been faithful <BR/>Ah.., give or take a night or two <BR/><BR/>Everybody knows you've been discreet <BR/>But there were so many people you just had to meet <BR/><BR/>Without your clothes <BR/><BR/>And everybody knows </I><BR/><BR/>-----------Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15831045578763299812008-03-14T13:53:00.000-04:002008-03-14T13:53:00.000-04:00"There is a second issue, one that may be more or ...<I>"There is a second issue, one that may be more or less typically German. In the care of bank problems, even failures, there are laws and stipulations in Germany that demand that "healthy" banks bail out the stricken ones."</I><BR/><BR/>There are no such laws. There is an emergency fund to bail out savers, not more and not less.<BR/><BR/>The bailouts of IKB and Sachsen LB were more or less Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-61581492989236579312008-03-14T13:26:00.000-04:002008-03-14T13:26:00.000-04:00FB,I find the comments so far within the limits, o...FB,<BR/><BR/>I find the comments so far within the limits, or else I would have acted. But I do appreciate your concern for the manners here, don't get me wrong.<BR/><BR/>The last article in Debt Rattle Part 2 I just posted supplies more info on German banks.<BR/><BR/>What I see as the flaw in frank's view lies primarily in his focus on German subprime. We have long established that the problem Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71325993116564663892008-03-14T13:01:00.000-04:002008-03-14T13:01:00.000-04:00Hello,Apparently, some people here are "stupefied ...Hello,<BR/><BR/>Apparently, some people here are "stupefied at [Frank's] almost childlike willingness to hang on to the myths of [his] indoctrination".<BR/><BR/>Would those people care to put up some data? Some figures? Some solid information?<BR/><BR/>And until you do, please spare us the insults.<BR/><BR/>That behaviour is contrary to form on this blog.<BR/><BR/>Ciao,<BR/>FBAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-63847915225893016112008-03-14T12:41:00.000-04:002008-03-14T12:41:00.000-04:00goritsas,I might be completely naive. Greed is gre...goritsas,<BR/><BR/>I might be completely naive. Greed is greed. Then again, Germany is the one country without a housing bubble. It is the one country where banks don't even think about selling ARMs to people who can't afford them. Lending standards are still as strict as they used to be.<BR/><BR/>German culture is not that debt friendly - yet.<BR/><BR/>I am sure that the corporate banks have a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-81100493942743675322008-03-14T12:20:00.000-04:002008-03-14T12:20:00.000-04:00frank,Wishful thinking may spare you the trauma of...frank,<BR/><BR/>Wishful thinking may spare you the trauma of facing reality directly, but it just won't change the pain you suffer when you get kicked in the testicles without wearing your box.<BR/><BR/>If you truly want to believe German based corporate banks are any less exposed to the harsh realities of wonky finance, carry on old chap.<BR/><BR/>Are you actually suggesting no German corporate goritsashttps://www.blogger.com/profile/09767556060065779629noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51952299534309262282008-03-14T12:08:00.000-04:002008-03-14T12:08:00.000-04:00goritsas,the state owned banks we already have are...goritsas,<BR/><BR/>the state owned banks we already have are the ones with the worst exposure to the CDO mess, IKB and all the Landesbanks.<BR/><BR/>The private banks have either hidden their exposure really well, or they are not that exposed.<BR/><BR/>Anyway, if the German banks go down - I better don't think about that too much. Anyway, I sold all my shares a while ago, and I only keep minimal Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11466313341852749332008-03-14T12:00:00.000-04:002008-03-14T12:00:00.000-04:00frank,At least you got one thing correct, the Euro...frank,<BR/><BR/>At least you got one thing correct, the Euro gained all its "value" as a proxy for the DM. If Germany hadn't joined the Euro would have been still born. Never born.<BR/><BR/>As countries leaving the Eurozone, maybe Berlin would be better off leaving now since they're the ones you seem to think have the most to lose. Get thee back to the Mark, Berlin.<BR/><BR/>As for rate cuts, at goritsashttps://www.blogger.com/profile/09767556060065779629noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15327046228899870382008-03-14T11:29:00.001-04:002008-03-14T11:29:00.001-04:00Hi Ilargi, I really appreciate the work you do pul...Hi Ilargi, I really appreciate the work you do pulling this all together for us. It's a daily read for me.<BR/><BR/>But I must differ, the US can't become Bulgaria----Bulgaria has a functioning rail transit system! Maybe Somalia or Zimbabwe....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50473670727427274122008-03-14T11:29:00.000-04:002008-03-14T11:29:00.000-04:00Eurozone inflation at 3.3%.No rate cuts from the E...Eurozone inflation at 3.3%.<BR/><BR/>No rate cuts from the ECB in sight, as long as inflation is significantly higher than 2%.<BR/><BR/>The ECB is like the former Bundesbank, and so the EUR is much like the former DM. Just have a look at the EU treaty and at the statutes of the ECB.<BR/><BR/>Some countries might better leave the Eurozone sooner than later, instead of waiting for rate cuts that, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64018824816821035492008-03-14T11:19:00.000-04:002008-03-14T11:19:00.000-04:00Re: Paulson. Leonard Cohen said it well:"Everybod...Re: Paulson. Leonard Cohen said it well:<BR/><BR/>"Everybody knows that the dice are loaded<BR/>Everybody rolls with their fingers crossed<BR/>Everybody knows that the war is over<BR/>Everybody knows the good guys lost<BR/>Everybody knows the fight was fixed<BR/>The poor stay poor, the rich get rich<BR/>Thats how it goes<BR/>Everybody knows<BR/><BR/>Everybody knows that the boat is leaking<BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53658131943927422842008-03-14T10:52:00.000-04:002008-03-14T10:52:00.000-04:00Hi ilargi, Hans Redeker, head of currencies at ...Hi ilargi,<BR/><BR/> <I> Hans Redeker, head of currencies at BNP Paribas, said the central banks may soon spring a trap on the markets, clubbing together to boost the dollar. The aim would be to chill the commodities, bringing down energy and food prices. "Shaking out speculators would be an indirect way of reducing the inflation impact from raw materials," he said.</I><BR/><BR/>How would this Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-623139718052116882008-03-14T08:40:00.000-04:002008-03-14T08:40:00.000-04:00http://dumbfuck.org Poor Paulson ... famous in way...http://dumbfuck.org<BR/><BR/> Poor Paulson ... famous in ways he did not care to be ....https://www.blogger.com/profile/03915219261001181341noreply@blogger.com