- Majority of feed back from investors positive (Really, dude? Really?)
- If confidence improves and volatility falls, will be ready to join in EFSF leveraging schemes
- IMF cannot participate in EFSF funding; can contribute know-how
- Leveraging options received positive reception in Asia
- If confidence in euro zone improves, EFSF could be leveraged 4-5 times (Translation: If we don’t need leverage, we can leverage this mother to the hilt. If we need leverage, we can’t raise a dime…)
These people cannot say these things with a straight face, can they?
Here’s a chart of the 10-year EFSF bond. Investors are beating down the doors to buy!
