AUTOREFRESH 
club med debt relief
By scotth || February 9, 2010 at 12:38 GMT
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Apparently there are rumours going around that Bono and Geldof held secret meetings at the G7 highlighting the plight of the club med countries and pushing for debt relief and debt forgiveness for the PIIGS. There is talk that Bono and Geldof are looking to organise a series of concerts to raise global awareness of the crisis.When asked about his involvement Bono said “Look , the thing is there are people in Athens right now who are going without their Ouzo, on a daily basis, people in Dublin are going without their Guinness, we can not stand by and let this happen on our doorstep”. The concerts, planned for the summer are tentatively being planned under the working titles, EUROPE for PIIGS , PIIGS-AID and PIIGS MAY FLY .
SWINE AID, We are the Piigs, Do they know its Piiglettime…
The same old song:
The increase in volatility in the stock market, the safe heaven status of the $ (i.e the yuan), the movements in short terms rates etc ..The rallies in a matter of minutes on bailout/no bailout stories remind so much of similar price action when everyone was worried about freddie and fannie, insurers and so on. Yet one thing has to be kept in mind, it was not even half way from the stock market bottom. Gov money was used to save the system, they won’t be enough gov money next time. Fasten your seat belts…
the next contagion is the us sovereign debt problems stay tuned back end of 2010 will thrash usd…the greece rumor has been doing the rounds for a week now…this is the best solution for eu until they afopt some political measures into the ecb…a weak usd is what is needed for exports here in the us as well.thoughts???
ZZ you and I will witness the collapse of the treasuries but it won’t be tom or next week. Take a break..