Is This The Big One?

May 20th, 2010 by Belisarius

Is this the big one? Although your favorite author was skeptical on the recent bull run, he definitely didn’t things will unwind so fast.

Where to now? It feels further south. The main issue is that a EU “nuclear” option, did not reassure the markets.  And there is no other better fixes…

Only possible good thing would be nervous Chinese starting to buy Euros (Euro denominated debt securities) to keep the exchange rate stable and keep its exports competitive. And that’s a long shot.

ECB currency intervention? I don’t fell it would be welcomed by the markets.

This entry was posted on Thursday, May 20th, 2010 at 7:42 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Is This The Big One?”

  1. Free Articles Says:
    January 10th, 2011 at 10:20 pm

    You made several fine points there. I did a search on the subject and found the majority of folks will agree with your blog.

 
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