tag:blogger.com,1999:blog-12897315.post1401233175756444490..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: The Debt Nuke and When It DetonatesDad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12897315.post-40844345911044054552011-11-24T23:14:54.766-06:002011-11-24T23:14:54.766-06:00Then liquidate.
The Germans take massive losses i...Then liquidate.<br /><br />The Germans take massive losses in their banking system as periphery nations devalue and readjust their trade imbalances while exiting the Euro which should put a few million Germans out of work in the process over the next couple of years<br /><br />That's a choice.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-68211411255091443082011-11-24T08:45:41.892-06:002011-11-24T08:45:41.892-06:00Because overtly soaking up the debt would be an ad...Because overtly soaking up the debt would be an admission the Euro is a miserable failure (never mind it already is a miserable failure).steveegghttp://norunnyeggs.comnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-54833611840030624202011-11-23T16:32:22.602-06:002011-11-23T16:32:22.602-06:00ECB could buy them up.....but they won't.ECB could buy them up.....but they won't.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-6493785857482835142011-11-23T16:15:45.508-06:002011-11-23T16:15:45.508-06:00The cherry bomb on that "frosted" crap c...The cherry bomb on that "frosted" crap cake - earlier today, Germany couldn't sell over a third of its scheduled 10-year bonds (of course, they weren't willing to part with more han a 2% nominal interest rate and a 1.98% yield).steveegghttp://norunnyeggs.comnoreply@blogger.com