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rffrydr
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Joined: 30 Oct 2005
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rffrydr
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Joined: 30 Oct 2005
Posts: 16937
Location: Sunny California
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 Posted: Wed May 19, 2010 8:17 am Post subject: |
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Bought some FIAT this morn. got Chrysler for free 
You buy brands, JEEP is one of the best. 3Y time.
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rffrydr
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Location: Sunny California
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rffrydr
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Posts: 16937
Location: Sunny California
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| Posted: Wed May 05, 2010 7:25 am Post subject: |
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Italy stands at +180, which to put in perspective is wider than names like Limited Brands or Masco or Century Tel or Constellation Brands.
Italy historically funds it's own debt and I see this as an opportunity. But for now the rout is on, market forcing Trichet to reverse himself now three times: german debt over US for first time since the crises began. Italy may be the sovereign too far.
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HenryTo
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Joined: 06 Aug 2004
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Location: Los Angeles, California
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HenryTo
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HenryTo
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Joined: 06 Aug 2004
Posts: 11736
Location: Los Angeles, California
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| Posted: Mon Aug 04, 2008 3:20 pm Post subject: |
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Calls for Italy to leave the Euro are again growing louder:
http://www.independent.co.uk/news/business/news/rising-oil-and-food-prices-push-inflation-in-eurozone-to-record-high-882689.html
| Quote: | The task of setting a single interest rate across a 15-nation community is being made difficult by the marked divergences among economies. Among the major players, inflation varies from just over 2 per cent in the Netherlands to almost 6 per cent in Belgium. The German unemployment rate fell again in June, to 7.3 per cent, while a rapid slowdown in the Spanish economy has seen its jobless rate hit a four-year high of 10.7 per cent. But most concern focuses on Italy. Now its labour rates have risen markedly faster than most other nations in the zone, it has seen growth collapse to an annual rate of 0.2 per cent, though unemployment is comparatively low. Structural difficulties such as a rapidly ageing population add to the strains.
A recent report from Capital Economics said: "An ugly combination of weak GDP growth, poor international competitiveness, and rising government borrowing costs could lead to renewed calls for Italy to leave the euro... as things stand, not only will Italy lose ground to the rest of the eurozone, it should soon start to do so at an even more rapid rate." |
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