You Won’t Make A Dime Chasing the Headlines

Posted: Dec 05 2010     By: Eric De Groot      Post Edited: December 5, 2010 at 7:33 pm
Filed under: In The News

Following the lead of QE to infinity, so it will be. While often quite entertaining, headline explanations are basically useless. You won’t make a dime chasing the headlines. Follow the money for the real news.

EU rescue fund should be increased: Belgian finance minister
Reuters, Sat, Dec 4 2010
By Justyna Pawlak
BRUSSELS (Reuters) – The European Union’s permanent rescue fund should be larger than the money available currently and the increase could be made before 2013, Belgian Finance Minister Didier Reynders said on Saturday.
However, any decision to top up funds for countries with crippling debt problems should be made after the 27-member bloc decides on the shape of a permanent solution to address financial crises, he said.
Euro zone finance ministers outlined plans on Sunday for such a permanent system, which the bloc would put into place in 2013 and base it on the current European Financial Stability Facility (EFSF) that was set up in May.
Together with money from the International Monetary Fund and other cash, 750 billion euros ($989 billion) was made available in May for rescue efforts.
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The short Euro "play" is progressing nicely.

Its termination, which again will surprise most, will be foreshadowed in the U.S. dollar market.







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