tag:blogger.com,1999:blog-2761684730989137546.post3620368853787761015..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: EU readying bailout fund to support the euro!mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-75523917160260479272010-05-09T23:37:43.729-04:002010-05-09T23:37:43.729-04:00Tonite on bloomberg news wires
the US Fed is openi...Tonite on bloomberg news wires<br />the US Fed is opening up a currency swap with the Euro. Bernanke must be on the stupid bench! Perfect timing with congress already pissed off at the last currency swap, and in the middle of a financial reform bill.<br />Public opinion will probably force Obama do nothing to fire helicopter Ben, (we can only hope).<br />I'm going to get my popcorn and a front row seat to watch the fireworks.Bobhttps://www.blogger.com/profile/05648774595974793332noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-14218862346091142312010-05-09T20:54:08.382-04:002010-05-09T20:54:08.382-04:00If the ECB steps in and monetizes the debt, the cr...If the ECB steps in and monetizes the debt, the crisis is over and the euro would rally big-time, at least in the short term. Then, yes, to your point, the euro would weaken after a while, however, the debt crisis would be over. Good comment!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-35968174615972587722010-05-09T15:16:46.814-04:002010-05-09T15:16:46.814-04:00If the ECB prints money and buys up debt (presumab...If the ECB prints money and buys up debt (presumably PIG debt) that just kicks the can down the road, doesn’t it? The Greek government would go on a spending spree. The riots would stop, then the problem would re-appear in a few years time, seems to me.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com