With Dubai Temporarily Contained, All Eyes Shift To Greece

Tyler Durden's picture

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Anonymous's picture

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

trav777's picture

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

RockyRacoon's picture

 

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.

Anonymous's picture

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

RockyRacoon's picture

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.

RockyRacoon's picture

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

Thank you for the reminder.

BTW: I'm lovin' your avatar!

Screwball's picture

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

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.

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

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.

 

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...

Anonymous's picture

Brutal - Feta explosion coming

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

 

Anonymous's picture

Tax the rioters!

Anonymous's picture

Tax the rioters!