nice try algos, LOL
Bond
Well, that surge lasted all of 10 minutes.
EU TALKS WITH BANKS ON GREEK BOND LOSSES SAID TO BE DEADLOCKED
EU TALKS 'PAUSED' ON A DISPUTE ON INSURING RISKS OF NEW BONDS
EU official says dispute centers on insuring risk of new bonds.
Involuntary Greek haircuts can’t be ruled out
EU Said to Consider Limits on EU-IMF Loans in 2nd Greek Rescue
At some point the algos now trading the EURUSD exclusively will run out of money chasing each and every headline, a strategy that has empirically worked precisely 0% of the time.
http://www.zerohedge.com/news/and-now-back-down-greek-haircut-talks-deadlocked
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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