Mind you, humor is one thing that always crops up during a crisis, as demonstrated recently in this Blog.
Greece – a country that by its very name would make the Union slip-slide away.
Greece – a country where Euro means toilet, and that’s where it’s going.
What's the capital of Greece? About €3.
Q: Why is the Irish economy in such a crisis?
A: Because they always think their capital should be Dublin.
Ireland’s been downgraded from AAA+ to AA. Before, they were a battery for the remote control, but now they're only good for a Walkman.
It gets worse.
A Greek, an Irishman, and a Portuguese go into a bar. The German pays.
Hmmm ... how many jokes can we take?
And perhaps some of this is no joke.
After all, the Germans saying that they’re going to holiday in the Greek Islands for the next ten years because they’ve prepaid ... may go down well in Germany, but any German trying that in a Greek hotel, may find themselves out on their arsch.
So what is the reality?
In Heaven: the cooks are French, the policemen are English, the mechanics are German, the lovers are Italian and the bankers are Swiss.
In Hell: the cooks are English, the policemen are German, the mechanics are French, the lovers are Swiss and the bankers are Italian.
The European Parliament has decided to change the design of the euro when noticing that the first one was a bit boring and sad. The new design is a stronger and more aggressive one which will make people eager to consume. The European Commission has just announced an agreement whereby English will be the official language of the EU rather than German which was the other possibility. As part of the negotiations, Her Majesty's Government conceded that English spelling had some room for improvement and has accepted a five year phase-in plan that would be known as "Euro-English".
Meanwhile, some believe that Britain will regret not being part of the euro. This is down to the new controlling stranglehold in Europe of the inner sanctum – those in the euro – and the rest – those not. This may create a rift in European Union, but is necessary if the Germans are going to keep paying for holding the Euro zone together. This is why some folks, even those within the Conservative Party, believe the UK must one day join the euro too. Nevertheless,talks of joining the euro are more divisive in Britain than ever, and is still unlikely in my lifetime.
One of the reasons they would never want to join the euro of course, is because they like the Queen and the Pound.
God Bless Euro
Sr Vice President & Head Equity
Thursday, January 12, 2012
Disaster EDU Jour!
EDU: European Disunion.
As told in our last blog that we expected a Santa Claus rally.Markets around the world have risen up as per our expectations.We recommend all our readers to book profit on their long trades and go short on markets again.
Why to book profit on Long and go short again?
Euro is pain point it has tumbled down. Euro to Dollar is trading bellow our comfort zone of 1.30 it’s around 1.27 we expect it to crack down to 1.20.
What we see that environment is uncertain in Euro zone.We expect some kind of systemic failure in coming days.There is lot of uncertainty in financial markets. Look at Italian 10 year bond yield it’s still above 7 %.Lots of pain point still exists in Spain and Greece in coming days.
Spain's jobless rate is currently double the average for the euro zone, rising to nearly 32 per cent in places like Cadiz, a windswept port that has never recovered since its shipbuilding yards went the same way as those on the Clyde. The economy shrank nationwide by nearly four per cent last year, and in the bars of Cadiz's winding, cobbled streets, the sense is that things can only get worse - which, last week, they effectively did.
In France, the messages are also now mixed. Many believe that Mr Sarkozy's alleged pull-out threat was little more than sabre-rattling, pointing out that the French political establishment has long been wedded to the euro. Yet Nicolas Dupont-Aignan, a fomer member of Mr Sarkozy's UMP party who now runs an organisation called "Republic, Stand Up", claims to have got tens of thousands of signatures for his newly-formed petition, titled "Let's Leave the euro Before It's Too Late".
"Great Britain was very fortunate to stay out of the euro," he said. "Why should we have to pay the debts of other countries? The politicians in France created a religion, a dogma around the euro. But France is not Germany, and the French people do not want the German austerity cure, either politically or socially."
Be Smart and book your profit on stocks which has risen more then 25%.
Nifty too has bounced back to 4870 from our recommended level of 4650.
Sr Vice President & Head Equities
wiTdom investment advisory.