http://3.bp.blogspot.com/-BYFettFQ1c...r-poster-2.png
http://blog.collegebars.net/uploads/...ink-beer-3.jpg
http://blog.collegebars.net/uploads/...ink-beer-3.jpg
The Chonchy
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
DislikedChonchy,
a bit off the REEF (very nice indeed) topic but maybe Greeks are rethinking as Bruce Krasting speculated that a vote to remain is not priced by the market;
from may 15;
http://www.zerohedge.com/contributed...rsation-athens
from last night;
http://www.bloomberg.com/news/2012-0...ion-polls.html
got an email early this AM and B is checking with the source so maybe an update later on that situation.
if anything i imagine it...Ignored
Disliked.......I agree compleatly with this comentarist, Greece will no recuparate even if they give them 10 years, not 5, they should get out of the euro, default and start all over, with a new policy, save and administrate theirselfs, I don't know why they don't just do that.........
A return to the drachma would see incomes in Greece and the value of bank deposits and property fall by at least half within a few days, Samaras said. The reintroduced currency would quickly depreciate by at least...Ignored
Dislikedmaybe that is why greece got into the euro in the first place if you know what i mean...nothing really to loose so GS manipulates the numbers and invents a financial illusion to buy entry and time.....this must be a fascinating story to unravel....wonder if carney was involved in that deception when working at GS overseas?......or knew about it....must have busted some bones to climb so high up the central bank ladder.Ignored
Dislikedlooks like some conflicting cross currents between a possible reversion to pro bailout vote in Greece and the announcement on friday afternoon about the next abrogation........
Mark Grant; "The new EU bank plan states clearly and without remorse that the decisions for any bank insolvency will be made by Regulators. This would be people appointed by European politicians, this would be bureaucrats, this would be employees of the State as Europe returns to the governance of the old Soviet Union where the Rule of Law was subordinated to the designs...Ignored
Dislikedlooks like some conflicting cross currents between a possible reversion to pro bailout vote in Greece and the announcement on friday afternoon about the next abrogation........
Mark Grant; "The new EU bank plan states clearly and without remorse that the decisions for any bank insolvency will be made by Regulators. This would be people appointed by European politicians, this would be bureaucrats, this would be employees of the State as Europe returns to the governance of the old Soviet Union where the Rule of Law was subordinated to the designs...Ignored
Disliked........i concur with the second link, we are going to see 2008 all over again, why? because nothing is being done to correct 2008, you don't pay your credit cards with a new credit card, you pay the old credid cards but you still in debt, to pay your credit cards you eather have to pay the credit cards or default, as simple as that, no geoverment or bank can pay off debt with more debt, sooner or later you have to cnfront that debt again, and the interests on it will kill you, I'll kill you......
http://www.youtube.com/watch?v=cdpDed3M_MY...Ignored
Disliked[If you cannot read the writing on the wall then allow me to read it for you. The European Union has abrogated the Rule of Law for the good of the State. This is the second such abrogation with the first being the exemption of certain European institutions and the IMF from the Private Sector Involvement of Greece. Greece may be a one-off exemption as they claim but we now have a second instance where jurisprudence has been overturned for the good of the nations of Europe. This is not Socialism or Capitalism but rather some sort of Fascist governance...Ignored
Dislikedwhere?..........my first impression when i read this is that it will probably put a cap on equity indexes especially the european indexes and i'd be looking to take shorts off Italy's MIB..............maybe throw in an IBEX or 2 but that thing is so pasted already
if it gets crazy then the swings may be wild like back in the earlier financial crisis days and the risk is the markets get juiced to the upside on bailout rhetoric.
i think King maybe priming the markets to begin to expect more interventions sooner than later.
who knows? be careful...Ignored