A $100 Billion (notional) Bet The Eurodollar Will Decline in the Next Month

leistb · 02-18-2011, 04:27 PM

Sysiphus · 02-18-2011, 04:51 PM

Is it real or is it a fat thumb? QE3 is just around the corner, so it would be pretty insane to be betting on widening eurodollar spreads right now.

Ross · 02-21-2011, 06:26 AM

So many things happening and I have no time to track them -- very
frustrating .

My ignorant guesses ....
- The Euro banking system + region is kept afloat by money printing .
Some of it quite unorthodox ( Irish Banks ) .

- Merkel has just been sent a very loud message by the voters
"no more money printing and no more giving away our money bitch " .

- I understand from previous reading that there are massive debts to
be rolled over in March . Do we see a problem here ?

All of which kinda leaves the EU with no where to hide when the one thing
that 99.5% of politicians find extraordinarily hard to do is anything that
makes them unpopular .

leistb · 02-21-2011, 11:40 AM

Quote:

Originally Posted by Ross

- I understand from previous reading that there are massive debts to
be rolled over in March . Do we see a problem here ?

Yes, there is a problem.

Portugal must roll the equivalent of 7.5% of GDP between 18 March and 15 June. Belgium must roll 5.3% of GDP between 17 March and 14 April.

That's a piss of a lot of debt.