short while ago munchkin blew some bubbles about considering blanket forgiveness for smaller PPP loans
AT Trader john 17:03:34 GMT - 07/17/2020
if they are still at lunch in Brussels now, they will be in no condition to work later??
AT Trader john 16:56:09 GMT - 07/17/2020
EU negotiators are at lunch. Some sort of press conference is expected later. They meet again tomorrow.
Mtl JP 15:03:11 GMT - 07/17/2020
the EU Commission leaders are now deep in a two-day meeting
with a goal of hacking out relief and rescue agreement:
-- some version approximating €500bn in grants, €250bn in loans - so that the EU
economy can continue marching on a solid rebound path (despite the ugly gift from china).
Expect post-meeting self-accolades about progress.
Can say similar enthusiastic words about US congressional yapping about
some 4th stimulous bill and final week of $600 unemployement "benefit" ?
Technically the puppy is somewher beteen "niaaahh and bullish"
Sup around 1.14 / 1.1385/75
Res 1.1450. Above that 1.1495 (march high)
IF it were to pop N of the 1.1495 and hold ..
look for ~100pip rally
PAR10:37:10 GMT - 07/17/2020
Back to the DDR and Soviet Style central planning. Merkel has a nostalgia for communist systems. The older she gets the more communist she becomes.
Maybe it is better for Europe for Russia to join. Russia has experience in going from a central plan economy to a free market economy.
Europe is moving in the other direction, from a free-market economy to a central plan economy which will lead to a gigantic misallocation of capital into unproductive investments.
Mtl JP 10:13:33 GMT - 07/17/2020
blast from not so distant past
"climate change chancellor":
“How Europe fares in this crisis compared to other regions of the world will determine both the future of European prosperity and Europe’s role in the world,” - acording to merkel
"The depth of the economic fallout calls on us to move quickly." "nobody makes it through this crisis alone. We are all vulnerable.
"We must not be naive: in many member states, opponents of Europe are just waiting to misuse the crisis for their ends,"
"We must show them all where the added value of cooperation in the EU lies, and we must show that a return to nationalism means not more, but less control,"
about the €750bn proposal to be distributed in grants and loans fly-trap candy: "It is very important that the worst affected regions can count on our solidarity, it is in our own interests to show that,"
we are all vulnerable ... role in the world... control...
what , do you think , the brexit brits know ?
AT Trader john 09:44:29 GMT - 07/17/2020
Re: EU Summit today and tomorrow. Now hearing a lot of talking heads chatter about "kicking the can down the road". Someone said that Merkel's "real" deadline is the end of summer.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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