Eurozone: A Bad Marriage - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Eurozone: A Bad Marriage
Started:December 3rd, 2011 (10:10 AM) by Quick Summary Views / Replies:167 / 0
Last Reply:December 3rd, 2011 (10:10 AM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Eurozone: A Bad Marriage

Old December 3rd, 2011, 10:10 AM   #1 (permalink)
Quick Summary
Eurozone: A Bad Marriage

Kenneth Rogoff explained the fundamental issue regarding the eurozone perfectly: It is as is 17 unmarried individuals are sharing a bank account. Next week, leaders are meeting to discuss the fate of the euro. Angla Merkel, accordingly, believes there needs to be a treaty revision. Namely there needs to be swift and deliberate action to move towards fiscal consolidation before any more bailout discussions can occur.

So what is all this fuss about eurobonds? Countless individuals continue to make their way into the media insisting that eurobonds are the solution, at least a leading solution amongst many solutions. I don't get how this is so. This is a bond backed by a region that has proven itself to be a failure. OK, if countries like the U.S. and China back the program this adds a tiny bit more validity to the promises to repay this debt. However, these bonds are still being used to throw new money on top of a fire that will not stop burning until serious structural reforms take place. I applaud Chancellor Merkel for taking the actions that she has, including insisting that the ECB maintain its independence by not taking advice from Germany (who has been asked to contribute their thoughts regarding what the central bank should do, sounds like government officials not belonging where they are to me).

So eurobonds do not seem likely in the near future, but they absolutely will be introduced following the mitigation of this disaster, if we in fact make it past the next 10 days. I am eager to see how markets react in the run-up to the EU meeting next week. I assume there will be extreme volatility, mainly because this recent move by the Fed and other central banks is really only a temporary solution, much like eurobonds are in theory.

My main question is: when are our "leaders" going let markets correct themselves and begin to construct more meaningful, permanent and structural solutions?

More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Eurozone: A Bad Marriage

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Marriage kbit Jokes 0 November 21st, 2011 06:24 PM
Italian Marriage GaryD Jokes 1 September 2nd, 2011 12:39 AM
Sam Kinison on Marriage and World Hunger kbit Jokes 0 August 9th, 2011 09:26 PM
Bad January, Bad First Half: A Gloomy Omen for Stocks Quick Summary News and Current Events 0 July 19th, 2010 04:00 PM
Eurozone (at Financial Times) Quick Summary News and Current Events 0 May 23rd, 2010 01:10 PM

All times are GMT -4. The time now is 08:05 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-25 in 0.05 seconds with 19 queries on phoenix via your IP