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If Greece is like the Titanic, I would not want to surmise what the USA is.
take your pick...International Registry of Sunken Ships
GREATEST MARITIME DISASTERS
Yes, I agree that using bold face on 99% of the quote, with the last two sentences not using bold, most definitely focused my attention on the important details of your post.
Thank you for showing the way.
hey, at least he picked an appropriate user name
Sorry fellas, the cut and paste piece was picture perfect. Not the first post gone wrong, unfortunately.
The key is to cut, paste and EDIT.
Got it, thanks.
The USA is the Hidenberg, flying over the frozen waters of the North Atlantic. From fire to ice in a matter of seconds.
Shhhh! Don't tell anyone. Keep the dream alive until I get my hands on more PM and canned food. :)
Don't forget the Berkey water filter...
That inverted yield curve is a killer. Given all the events over the past few days, if I'm a Greek citizen, I'm pulling my euros out of the bank yesterday.
Perhaps the exiled president Kraplachistan could come in and provide assistance.... you know, like how to effectively evade your lynch mob populace.
Obviously, Greek banks need to borrow long to lend short.
Do I have to think of everything?
I thought Prodi said that the Greece problem has been sorted out?
I'm starting to get this feeling that politicians and bankers don't tell the truth, this could bring my world crashing down around me. Whatever shall I do??
Take two blue pills and call me in the morning.
I do not like greece eggs and scam sam I am.
"PIMCO Compares Greece To Titanic, Says Bonds Not Attractive Even Over 7%"
Let's see if I can come up with an appropriately phrased response to this insightful and informative comment from PIMPCO. Oh wait, I've got it.
NO SHIT SHERLOCK!
So, finally the leeches are coming out of their holes and let us know what they really want: The destruction of Greece.
I don't know why everyone is obsessed with the Titanic, really.
A visual reminder of the Titanic's final minutes (as if we really needed it).
Obama's manufacturing utopia will evidently consist of high speed rail links made in China: http://www.nytimes.com/2010/04/08/business/global/08rail.html
"the Greek situation will be resolved next week." You mean "someone will do something." I mean this is the problem is it not? As soon as you "do something" the "situation is made worse"? Or is the worse thing "doing nothing"? I mean, "no nation can survive at 6% on the overnight." Really? The "people" will implode? I see the exact opposite: the people "explode." Why is this a problem, then?
"...the surge in the dollar will mean to Obama's export-led US manufacturing utopia."
Come on Tyler, a little better analysis is required before you blithely throw out a statement like this. The dollar has bounced approx. 14% off its dead lows (DXY Index basis.) It's still down about 40% from it's highs 8 years ago, so it's still relatively "cheap" on a historical basis. We've been in a multi year bear market. A slight bounce isn't going to have much impact on exports.
PIMPco is buying the shit of Greek bonds, and will make a killing off of them when spreads narrow. I can't believe you trust these guys.
Why, and when, do you expect Greek bond spreads to narrow? The only way I can see the spreads narrowing is if the EU actually bails Greece out. No way in hell they will be able to get their fiscal house in order by themselves.
1) EU has already bailed out Greece and it will cement the deal soon.
2) Greece is taking measures to bring their fiscal house in order. Taxes are on the rise, including property taxes, which were non-existent before.
Romanian term limits.
Still buying front-month SPY $120 calls with wreckless abandon...
I don't think the Titanic is an appropriate analogy. She didn't take other boats down with her
I think shes more like the RMS Lusitania
I think the sum of all things happening equals "episode 1"
PIMP & co or PIM & co is the name?
The yield curve seriously look like someone bending over ready to be A$$f$$$ all over
Greek Minister of Finance G-Pap already used the word "Titanic" to describe the greek economic vessel a few months ago.
The same rhetoric is beeing used again.
I am just waiting for another save the day announcement, again.
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