Talking stocks, trading, and investing in general - Page 185
Typical British jealousy Real hasn't taken out a loan since 2002. You must be thinking of Barca. In fact during the transfer season real made money.
|CLUBS WITH MOST REVENUE*|
|1||Real Madrid CF||479.5|
In millions of Euros
Last season madrid won 76% of matches, won la liga and went farther in the Champions. ManU won 73% of matches lost the Premier and went out in group stages. So tell me which team would you bet on financially?
They basically confirmed the creation of the esm (european stability mechanism) doesn't conflict with the german constitution. European states still need to ratify the treaty in order to bound themselves to fund near-bankruptcy countries, but this was the last true hassle since the esm treaty required at least 90% of the eu economic worth (germany is worth about 27%).
German constitutional court also decided germany will contribute for no more than 190 mld. Any other contribution exceeding that amount shall be examinated and approved by the parliament.
The efsf (an european institution with similar aims) had a lending availability of 440 mld, of which 290 have been borrowed by portugal, ireland, greece (x2), spain (banks only). The esm has a subscribed capital of 700 mld, 80 of which are to be paid by 2014, + invested assets the eu countries need to keep at its disposal worth more than 600 mld, and it will be able to lend up to 500 mld
I'm too scared. I always sideline it for Big macro events. Would rather miss out on a little bit of profit over potential risk.
I'll prob continue to add to my position. This rally's still got a ways to go, esp with no negative news on the horizon in the immediate future. I mean later possible downgrade, and people worrying about fiscal cliff/election or w/e and some profit taking.