With Dubai Temporarily Contained, All Eyes Shift To Greece

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Mon, 12/14/2009 - 11:19 | 163178 Anonymous
Anonymous's picture

simples innit...The Greeks i thinka they say boolacks

Mon, 12/14/2009 - 11:24 | 163183 trav777
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they will contain it and everything else until someone big can't be contained.

The power of "inflation" if they go to the "by any means necessary" step is limitless

Mon, 12/14/2009 - 11:26 | 163185 RockyRacoon
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Have I heard this before?

If the plan is not considered sufficient, the situation will be monitored on a monthly basis and the country will be liable to fines if it fails to comply to its commitments.

Oh, yeah.  I remember now: My bank charges me fees when my account is overdrawn.  I forget which comedian said so, but they are charging me more of what they know I don't have any of.

Mon, 12/14/2009 - 11:31 | 163190 Anonymous
Anonymous's picture

I dont think your bank gives you an annual transfer to develop and improve...or does it?

Mon, 12/14/2009 - 16:03 | 163548 RockyRacoon
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Not sure what your comment means, but I can tell you that my bank gives me NOTHING.

It is Regions and I'm moving my bidness to the local Credit Union.  At least when I call them they actually answer the phone with folks who are my neighbors.

Mon, 12/14/2009 - 11:40 | 163200 MarketTruth
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George Carlin said it. Here is a good clip of him in action.

NWS due to language:

www.livevideo.com/video/26BC5F4EB0A9437A9B4E8C0E1EEC3AD1/george-carlin-america-is-run-.aspx?lastvcid=644517

Mon, 12/14/2009 - 12:07 | 163219 RockyRacoon
RockyRacoon's picture

Ah, yes!  The most cerebral comedian we've ever had.

Thank you for the reminder.

BTW: I'm lovin' your avatar!

Mon, 12/14/2009 - 12:10 | 163235 Screwball
Screwball's picture

George gets it, why can't we? Spot on George, we miss you.

Mon, 12/14/2009 - 11:29 | 163187 Anonymous
Anonymous's picture

I see yet another foreign sovereign has taken Iceman Mishkin's blue pills. I await with bated breath the good doctor's monetary and/or fiscal prospectus on all things Greek.

Mon, 12/14/2009 - 11:46 | 163205 Anonymous
Anonymous's picture

Everything is temporary contained. Fed Reserve Z1 report still not looking pretty.

Q3 2009 52617.3
Q2 2009 52730.3

The credit market is still expanding at a negative rate of -$113B, without federal government creation it would been down -$492B for Q3.

The system is dying, eventually no matter what the government does it will collapse into a fireball.
http://www.federalreserve.gov/releases/z1/Current/z1.pdf

Mon, 12/14/2009 - 11:49 | 163208 Mako
Mako's picture

Everything is temporary contained.  Fed Reserve Z1 report still not looking pretty.

Q3 2009 52617.3T

Q2 2009 52730.3T

Q1 2009 52899.4T

The credit market is still expanding at a negative rate of -$113B, without federal government creation it would been down -$492B for Q3.  

The system is dying, eventually no matter what the government does it will collapse into a fireball.  
http://www.federalreserve.gov/releases/z1/Current/z1.pdf

The credit market was expanding at a $4.7T rate in 2007, it's over folks... the compounding equation is rolling over on itself.

 

Mon, 12/14/2009 - 13:24 | 163326 Anonymous
Anonymous's picture

The debt-to-GDP figure only tells part of the story. Greece has EUR 298bn
of public debt, a population of 11 million, and EUR 50bn annual government
revenue (excluding new debt).

http://www.mof-glk.gr/en/sdds.htm

At debt six times revenue, I would expect a pan-European bailout
for the Happy Hellenic Spenders.

Japan, on the other hand, is the second largest economy on the planet,
and enjoys a debt-to-revenue ratio of ***TWELVE***!

http://www.mof.go.jp/english/jgb-e.htm
http://www.mof.go.jp/english/budget/e20081224a.pdf

No worries there...

Mon, 12/14/2009 - 13:30 | 163332 Anonymous
Anonymous's picture

Brutal - Feta explosion coming

Mon, 12/14/2009 - 14:20 | 163393 Gilgamesh
Gilgamesh's picture

Start looking for those hourly press conferences from Greece, as they seem to be reading BO's playbook (below).  Or, look for them to report a +113.1% Q4 GDP number, say that they are furiously working on reducing their debt, and then escalate a war.

12-14 13:02: Greek PM blames previous conservative government for problems

 

Mon, 12/14/2009 - 15:17 | 163486 carbonmutant
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Tax the Shippers!

Mon, 12/14/2009 - 17:08 | 163656 Anonymous
Anonymous's picture

Tax the rioters!

Mon, 12/14/2009 - 17:08 | 163659 Anonymous
Anonymous's picture

Tax the rioters!

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