{"id":328,"date":"2011-08-20T03:46:27","date_gmt":"2011-08-20T07:46:27","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=328"},"modified":"2011-08-20T03:46:27","modified_gmt":"2011-08-20T07:46:27","slug":"in-defence-of-pigs-telegraph-blogs","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/20\/in-defence-of-pigs-telegraph-blogs\/","title":{"rendered":"In Defence of PIGS \u2013 Telegraph Blogs"},"content":{"rendered":"<blockquote><p><span style=\"color:#008080;\">The ECB can hold the line for now by purchasing \u20ac20bn of Spanish and Italian bonds each week. But once the ECB nears \u20ac150bn or so, the markets will brace for the next crisis.<\/span><\/p><\/blockquote>\n<p>via <a href=\"http:\/\/blogs.telegraph.co.uk\/finance\/ambroseevans-pritchard\/100011624\/in-defence-of-pigs\/\">In Defence of PIGS \u2013 Ambrose Evans-Pritchard Telegraph Blogs<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ECB can hold the line for now by purchasing \u20ac20bn of Spanish and Italian bonds each week. But once the ECB nears \u20ac150bn or so, the markets will brace for the next crisis. via In Defence of PIGS \u2013 Ambrose Evans-Pritchard Telegraph Blogs.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-328","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>In Defence of PIGS \u2013 Telegraph Blogs - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In Defence of PIGS \u2013 Telegraph Blogs - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The ECB can hold the line for now by purchasing \u20ac20bn of Spanish and Italian bonds each week. But once the ECB nears \u20ac150bn or so, the markets will brace for the next crisis. via In Defence of PIGS \u2013 Ambrose Evans-Pritchard Telegraph Blogs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/20\/in-defence-of-pigs-telegraph-blogs\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-20T07:46:27+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"In Defence of PIGS \u2013 Telegraph Blogs\",\"datePublished\":\"2011-08-20T07:46:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/\"},\"wordCount\":49,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"articleSection\":[\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/\",\"name\":\"In Defence of PIGS \u2013 Telegraph Blogs - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2011-08-20T07:46:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/08\\\/20\\\/in-defence-of-pigs-telegraph-blogs\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"In Defence of PIGS \u2013 Telegraph Blogs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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The EU-IMF rescue loans have not helped Greece pull out of its downward spiral. They have pushed the country further into bankruptcy. Greek public debt will rise from around 120pc of GDP to 160pc under the rescue programme, and the IMF is\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5534,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/20\/china-japan-and-the-worlds-agadir-crisis-1911-telegraph-blogs\/","url_meta":{"origin":328,"position":1},"title":"China, Japan and the world\u2019s Agadir Crisis (1911) \u2013 Telegraph Blogs","author":"Colin Twiggs","date":"September 20, 2012","format":false,"excerpt":"By Ambrose Evans-Pritchard The US has an impossible task maintaining \"neutrality\", and Beijing knows it. Washington guarantees Japan\u2019s defence under its US nuclear umbrella. It uses military bases on Japanese soil as an unsinkable aircraft carrier. It works hand in glove with Tokyo in a tight military alliance. The question\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5319,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/22\/germany-backs-draghi-bond-plan-against-bundesbank-telegraph\/","url_meta":{"origin":328,"position":2},"title":"Germany backs Draghi bond plan against Bundesbank &#8211; Telegraph","author":"Colin Twiggs","date":"August 22, 2012","format":false,"excerpt":"By Ambrose Evans-Pritchard, 9:39PM BST 20 Aug 2012 \u201cA currency can only be stable if its future existence is not in doubt,\u201d said J\u00f6rg Asmussen, the powerful German member of the ECB\u2019s executive board. He signalled full backing for the bond rescue plan of ECB chief Mario Draghi, brushing aside\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":210,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/14\/the-fed-is-a-rogue-elephant-wonkish-rant-telegraph-blogs\/","url_meta":{"origin":328,"position":3},"title":"The Fed is a Rogue Elephant wonkish rant \u2013 Telegraph Blogs","author":"ColinTwiggs","date":"August 14, 2011","format":false,"excerpt":"I am wary of Bernanke\u2019s sudden change of heart on headline inflation. It confirms my suspicion shared by many readers that the Fed is deliberately bringing about inflation and currency debasement to cushion the effects of debt-deleveraging. This amounts to a soft default on America\u2019s debts. via The Fed is\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":330,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/20\/europes-fiscal-overkill-telegraph-blogs\/","url_meta":{"origin":328,"position":4},"title":"Europe&#8217;s Fiscal Overkill \u2013 Telegraph Blogs","author":"ColinTwiggs","date":"August 20, 2011","format":false,"excerpt":"For the advanced economies, there is an unmistakable need to restore fiscal sustainability through credible consolidation plans. At the same time we know that slamming on the brakes too quickly will hurt the recovery and worsen job prospects. 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