Tempi duri per la perfida Albione

Pubblicato il 1 Maggio 2010 da Veronica Baker

Il sell off pare essere arrivato , i segnali ci sono tutti :


I principali indici americani hanno pesantemente ceduto nelle ultime ore , non solo per l’ennesima debacle di GS ( -9% alla fine ) :

Ma anche per il nuovo massimo relativo del Gold :

Nel frattempo, la crisi greca ha preso il sopravvento ed è su tutti i principali quotidiani e/o riviste , ecco un esempio :

Mentre Moody’s downgrada -sport nazionale in questo momento – ancora una volta le banche elleniche :

Moody’s Investors Service has today downgraded the bank financial strength ratings (BFSRs) as well as the deposit and debt ratings of nine Greek banks to reflect their weakening stand-alone financial strength and the anticipated additional pressures stemming from the country’s challenged economic prospects. The banks’ deposit and debt ratings remain on review for possible downgrade and will be concluded at the same time as Moody’s ongoing review of the country’s sovereign rating, which serves as a reference point with which to impute bank rating uplift as a result of possible systemic support.

The banks affected by today’s rating action are: National Bank of Greece, EFG Eurobank Ergasias SA, Alpha Bank AE, Piraeus Bank, Emporiki Bank of Greece, Agricultural Bank of Greece, General Bank of Greece, Marfin Egnatia Bank and Attica Bank.

E gli shorts sull’€ raggiungono i massimi assoluti :

La situazione è veramente critica ,soprattutto nel medio periodo :

Valori drammatici , e non solo PIIGS, ma anche – naturalmente – l’UK :

Infatti, leggete bene , il commento di Zerohedge -che puntualizza non solo lo spostamento in massa già segnalato della speculazione sui CDS inglesi, ma anche e soprattutto lo spread fra Bund e Gilt a livelli record :

A chart comparing the UK “Spread of Spreads” (i.e., UK CDS – Germany CDS compared to Gilts over Bunds), indicates that the spread is now near record levels, and that the island nation may soon be dragged into the same vortex as the rest of the soon to be bailed out Club Med farm animals.

As a reminder, this is comparable to the action seen before the cataclysm in Greece, and the blow outs in Portuguese and Spanish credit spreads.Also, as we pointed out on Tuesday (sorry can’t find link right now and we are not big on slideshows), CDS traders moved to the UK en masse, with the country seeing the largest amount of derisking by a material amount.

Tempi duri per la perfida Albione…

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