[Sixstrings]

Markets rejoice! Welcome, comrades, to the centrally planned economy! It's all great on paper but is this sustainable..

$this->bbcode_second_pass_quote('', '[')b]Stocks, Euro Surge On Another Central Bank Intervention Announcement: ECB Ready To Buy Italian, Spanish Bonds

More central bank intervention headlines, and the euro and stocks, which earlier were plunging without a floor, surge:

ECB ready to buy Italian and Spanish bonds if Berlusconi commits to bring forward specific reforms according to sources
ECB expects Italy to fast-track welfare reform, fiscal rule for bond purchases according to sources close to talks
EU leaders applying intensive pressure on Berlusconi to make an announcement according to sources
Said otherwse, open the QE floodgates. Globally. Central banks now control it all. Net result, a 100 pip surge in the EURUSD, and a halt to the market plunge. For at least a few more minutes...
http://www.zerohedge.com/

[Sixstrings]

Interesting.. as part of the ECB deal to buy Italian bonds, Italy will pass a balanced budget amendment to its constitution:

$this->bbcode_second_pass_quote('', 'M')easures to be announced include a plan to amend the constitution to make a balanced budget mandatory, a second constitutional change that would force “closed professions” to liberalise services, a speeding up of welfare reforms, and other structural reforms designed to boost Italy’s stagnant economy.
http://www.ft.com/intl/cms/s/0/33c589d8-bf7b-11e0-90d5-00144feabdc0.html#axzz1UArZCKnX

[timmac]

How and why are Europe and us here in America are allowing the governments to just keep borrowing into such massive debts that its never going to be paid off..

Is the whole freaking world a sleep..

[basil_hayden]

$this->bbcode_second_pass_quote('timmac', 'H')ow and why are Europe and us here in America are allowing the governments to just keep borrowing into such massive debts that its never going to be paid off..

Is the whole freaking world a sleep..

[americandream]

$this->bbcode_second_pass_quote('Sixstrings', 'M')arkets rejoice! Welcome, comrades, to the centrally planned economy! It's all great on paper but is this sustainable..

$this->bbcode_second_pass_quote('', '[')b]Stocks, Euro Surge On Another Central Bank Intervention Announcement: ECB Ready To Buy Italian, Spanish Bonds

More central bank intervention headlines, and the euro and stocks, which earlier were plunging without a floor, surge:

ECB ready to buy Italian and Spanish bonds if Berlusconi commits to bring forward specific reforms according to sources
ECB expects Italy to fast-track welfare reform, fiscal rule for bond purchases according to sources close to talks
EU leaders applying intensive pressure on Berlusconi to make an announcement according to sources
Said otherwse, open the QE floodgates. Globally. Central banks now control it all. Net result, a 100 pip surge in the EURUSD, and a halt to the market plunge. For at least a few more minutes...
http://www.zerohedge.com/

[timmac]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('basil_hayden', '')$this->bbcode_second_pass_quote('timmac', 'H')ow and why are Europe and us here in America are allowing the governments to just keep borrowing into such massive debts that its never going to be paid off..

Is the whole freaking world a sleep..

[basil_hayden]

Won't have to, it's coming whether you like it or not.

[peripato]

$this->bbcode_second_pass_quote('basil_hayden', 'W')on't have to, it's coming whether you like it or not.