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Валгрин Ко. Message Board

  • big.yank big.yank Aug 6, 2011 12:04 AM Flag

    The ECB monetizes the eurozone!

    With likely concessions from Italy & Spain, the ECB has agreed to monetize the bond debt from the most troubled economies in the Euro-zone.

    S&P has, subsequently, downgraded the U.S. "AAA" credit rating.

    These are NOT seperate, unrelated actions.

    Watch the parlay between the Euro and the dollar on Monday. Buckle up, boys, the ride is just getting started.



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    • Look at the action. Sarkozy and Merkel huddle. An olive leaf (pun intended) is extended on debt monetization if austerity measures are enacted by Italy and Spain. Burlesconi and his Spanish counterpart agree. Then S&P downgrades the rating for U.S. credit. Do you think these actiona are unrelated? If you answered "yes" to this question, you need to exit the equity market, immediately, and proceed immediately to the next Coinstar machine for protection.

      What's coming next?

      IMHO, it ain't going to be for the faint of heart.