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mattduke
Light Sweet Crude
Joined: Oct 28, 2005
Posts: 1374
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 Posted: Tue Jun 17, 2008 3:33 pm Post subject: Morgan Stanley Warns of "Catastrophic Event" |
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| Quote: | | The point of maximum stress could occur in coming months if the ECB carries out the threat this month by Jean-Claude Trichet to raise rates. It will be worse yet - for Europe - if the Fed backs away from expected tightening. "This could trigger another 'catastrophic' event," warned Morgan Stanley. |
telegraph |
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Twilight
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Joined: Mar 02, 2007
Posts: 2971
Location: UK
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| Posted: Tue Jun 17, 2008 3:45 pm Post subject: Re: Morgan Stanley Warns of "Catastrophic Event" |
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| Quote: | Morgan Stanley says the current account deficits of Spain (10.5pc of GDP), Portugal (10.5pc), and Greece (14pc) would never have been able to reach such extreme levels before the launch of the euro.
EMU has shielded them from punishment by the markets, but this has allowed them to store up serious trouble. |
| Quote: | Morgan Stanley doubts that Europe's monetary union will break up under pressure, but it warns that corked pressures will have to find release one way or another.
This will most likely occur through property slumps and banking purges in the vulnerable countries of the Club Med region and the euro-satellite states of Eastern Europe. |
Sounds good to me.
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"The American people are watching the numbers climb higher and higher at the pump and they're waiting to see what the Congress will do." - George W Bush |
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heroineworshipper
Intermediate Crude
Joined: Jul 14, 2006
Posts: 633
Location: Calif*
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| Posted: Tue Jun 17, 2008 3:56 pm Post subject: Re: Morgan Stanley Warns of "Catastrophic Event" |
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The printing press is discovered once again.
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People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions. |
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MrBill
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Joined: Sep 15, 2005
Posts: 5406
Location: Eurasia
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| Posted: Wed Jun 18, 2008 1:53 am Post subject: Re: Morgan Stanley Warns of "Catastrophic Event" |
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Good article. Spot on. Thanks
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The organized state is a wonderful invention whereby everyone can live at someone else's expense. |
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Jupidu
Tar Sands
Joined: Sep 03, 2005
Posts: 75
Location: Germany, State M-V
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| Posted: Wed Jun 18, 2008 2:30 pm Post subject: Re: Morgan Stanley Warns of "Catastrophic Event" |
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| Quote: | | This will most likely occur through property slumps and banking purges in the vulnerable countries of the Club Med region and the euro-satellite states of Eastern Europe. |
I would bet, that before the beginning of summer holidays in Europa, one or more events will happen, so that the usual amount of flights will be quite reduced. E.g. the murder of a western head of a state or again some explosions of tanks of aviation fuel.
Three times one after another the airport in Heathrow had to cancel hundreds of flights from 2005 - 2007 always short before Christmas.
For me thats no tough, no random.
I think the situation worldwide with diesel or Avgas at least for civil tasks is more critical than it seems.
Sorry for my English. |
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virgincrude
Heavy Crude
Joined: Mar 09, 2006
Posts: 476
Location: Al-Mariyya, Al-Andalus
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| Posted: Fri Jun 20, 2008 12:44 am Post subject: Re: Morgan Stanley Warns of "Catastrophic Event" |
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For those inclined......
Stop Trichet Raising rates |
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MrBill
Expert
Joined: Sep 15, 2005
Posts: 5406
Location: Eurasia
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| Posted: Fri Jun 20, 2008 3:24 am Post subject: Re: Morgan Stanley Warns of "Catastrophic Event" |
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Thanks for the link. The posters are pretty misinformed, and fall victim to circular logic. I guess I will not be signing their petition, but it is always useful to know what others are thinking.
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The organized state is a wonderful invention whereby everyone can live at someone else's expense. |
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 763
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