Thread: Europes web of debt, in one nice and easy to understand diagram.

Originally Posted by Spin

Most of the data is sourced from the Bank for International Settlements, their data is pretty accurate and available to subscribers.

a link to the data and the methodology would be nice, not sure if this chart is really kasher

Question Time ,, a talk show with Janet Street-Porter along with four other politicains ,,said that the UK has debts of one trillion pounds.

Originally Posted by Butterfly

a link to the data and the methodology would be nice, not sure if this chart is really kasher

Kosher? I don't have a link sorry, all I know is that when I read a report that comes from a paid-for subscription service, whey they quote numbers they always mention the "BIS" Bank for International Settlements as a source.

Most news items parrot their numbers for their news releases, for example,

"According to estimates from the Bank of International Settlements, Greece owes French banks $75.5 billion (€55.3 billion), Swiss banks $64 billion and German banks $43.2 billion. In total, Greece owes foreign financial institutions $302.6 billion."

Source

Here's another example

The BIS is like a "central bank" for central banks, but they could be lying bastards for all we know!

Originally Posted by Muadib

What assets??? Oh, you mean the CDO's they all invested in and have since turned to vapor

Sadly, I think you're right here.

Originally Posted by Muadib

I rolled the dice last night and bought GS at $141.35.

Steel balls!!!!, I might grab some more for my thread, a few daytrades might put me back in the black.

Originally Posted by Muadib

Originally Posted by Butterfly

there is something missing in those charts though, it is the underlying assets matching all those loans, so at the end it's not entirely that bad,

What assets??? Oh, you mean the CDO's they all invested in and have since turned to vapor...

If Germany doesn't ratify the bailout plan today, watch for Armageddon in the markets... Similar to yesterday's fiasco at 2:45pm EDT when the market dropped 1000 points in minutes...

In for a penny, in for a pound... I rolled the dice last night and bought GS at $141.35...

a roll of the dice and if it goes tits-up you can blame gawd.

^ I liquidated my position in GS this morning at $145.80... Ka-Ching...

Originally Posted by StrontiumDog

Another end of the world type scenario.

I'm still waiting for the credit card bubble to burst. Or the Dollar to collapse. Or for China to meltdown...or.....or.....(just how many have there been lately?).

Now is this a really going to happen meltdown or yet another bogus, hyped rumour that a bunch of financial asswipes are going to make a killing out of by hedging against various things? Does anyone truly believe the eurozone is going to fall to pieces and dramatically affect the global economy?

Just asking, as I'm not a financial guru and I'm also sick of these alarmist pieces that end up being nothing but crap. Cheers!

Looks like the Euro is slowly creeping upwards again, probably to early to say if it will continue, bad financial news from the Euro zone could see it tumble downwards again.

But politicians in the Eurozone seems hell-bent on not letting the Euro fail, so my guess is that it will be around for a long time to come, Economic analysts in Denmark are guessing that Denmark will join the Euro in 5 to 10 years, so also in parts of the financial sector they believe in the survival of the Euro long term.

So capitalism works then.

It has in the part of the world I come from all through my lifetime, but nothing lasts forever, and I'm sure the experience has not been equally so positive in many other places.

Never the less I will be OK with us all avoiding to have to live through a total economic meltdown, but we are by no means out of the woods yet.

it's gonna be slowly downhill for many years to come .
some are saying at least 10years.
we just had the good ole days.