As A Reminder, Here Is What China REALLY Thinks About Italian Bond Purchases

Italian Economy Minister Giulio Tremonti said on Thursday that Asian investors are reluctant to buy Italian bonds because it sees they are not being bought by the European Central Bank.

 

Speaking at a news conference, Tremonti also said it would be desirable for the central bank to follow the lead of the Japanese and Swiss central banks in taking expansionary steps to tackly the euro zone's crisis.

 

" I note that the Bank of Japan today launched quantitative easing and the Swiss cen bank cut rates to zero, we are waiting for decisions if possible, but desirable (from the ECB)," Tremonti said.

 

When you talk to Asia they say: " We don't understand what Europe is," he continued. " The second point is that they say 'if your central bank doesn't buy your bonds, why should we buy them" ?

According to Italian officials, Lou Jiwei, chairman of China Investment Corp, one of the world’s largest sovereign wealth funds, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italy’s Cassa Depositi e Prestiti, a state-controlled entity that has established an Italian Strategic Fund open to foreign investors.

.... hint hint not only Italy :) Euro Zone will be backed by China.

This is the time where China will Enter where fear is in the market where they can get the cheapest price. If you dont buy in this market right now.... your gonna missed a Hell of a Rally !

We will avoid a double dip based on the data on our hands !! GOOD LUCK