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Greece Is Crashing
As we explained in detail yesterday, between governments hopes to exit the bailout program early (in order to save their election) - which the market does not like the idea of - and fears over the reality of OMT, Greek markets are tumbling. Greek stocks are down over 9% - the biggest plunge in 6 years and bond yields are surging... it appears the market is demanding Draghi get back to work as the "whatever it takes" gains have been halved (Greek stocks -35% from March 2014 highs).
- *GREEK ASE INDEX FALLS 9.3% BIGGEST INTRADAY DROP IN 6 YEARS
Greek stocks are down 8% and have retraced at least 50% of the "whatever it takes" gains...
And bond yields are surging...
Charts: Bloomberg
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I wonder how busy the bees at the ECB are right about now
it's not the FED. for all their faults, and they have many, continental european national banks have never seen themselves as the guardians of the stock markets
(and zero-risk bond yields for Greece are more on the side of... embarassing. but that's a different story full of hot money)
And IBEX35 bellow 10,000.
God bless dry powder...
Just hope nothing sparks the powder box itself.
I am so surprised......sarc
History is a bitch, no wonder people ignore it. What defense against the EU Banksters? Oh yeah, buy silver and gold now. See Venezuela, Argentina, Cyprus, etc. Capital controls are ramping up.
Who gives a fuck. There is incompetent CDC fighting ebola in Dallas.
After this William Thompson/MMR thing, it makes you wonder if they are just normal folks wearing smocks.
Greece has always been the canary in the EU coal mine
And before long the donkey at the knackery.
Here is my headline. BANKRUPT COUNTRY STOCK MARKET NOW ONLY 80% FROM REALITY.
Since Greece has no real men left (to lead it or to revolt), Greece needs 300 Spartans.
Why do Scottish men wear kilts- because the sheep can hear zippers.
European sheeple be forewarned, the banksters are donning their kilts.
The Olympic Wresting Team, representing the EU: Phil McCracken and Ben Dover.
Assume your positions.
The real question is: How long will we the people let the bankster pigs run the show?
For a very long time.
Haven't you been to a University where they teach Banker and Expert worship?
hail keynsian econ, hail the printers, hail something for nothing, hail the epic failure of mankind- something for nothing. same result-chaos...r
XGD talk again?
http://img846.imageshack.us/img846/8647/tsirpasxgdftw0hedge.jpg
The man is a goose, pure and simple. Add an "m" to his name and that will be his fate. His facade of "I am in control" is the greatest put on of all time.
Greece has been in a state of perpetual crashes just like the west has been in a state of perpetual fake bubbles over the last few years.
It is a well known fact that Greece was propped up only for the purpose of not causing a domino effect and for the purpose of asset stripping her.
GDP has shrunk by over 25% and if it was not for the drawdown on savings to maintain living expenses, the figure would have been far worse.
Greece is nothing more than an example of genocidal economics as practised and preached by darker powers than the ones that reside in the underworld.
The underworld is actually generous in comparison with the criminals that run the system . Illuminati e Gesuits
Troll.
"Meanwhile, the propaganda of fear launched one more time in Greece by government officials and the mainstream media, speaking about a financial disaster in case of a Leftist government in power. The latest attack against Greece (http://www.telegraph.co.uk/finance/economics/11161283/Greek-borrowing-co...) was a warning from abroad, assisting in such propaganda. At the same time, Berlin and European officials start to approach the main opposition party, SYRIZA, to investigate its intentions and mostly, give a message that they will not tolerate other policies in a different direction."
http://failedevolution.blogspot.gr/2014/10/plutocrats-tighten-siege-arou...
The left WILL be a disaster, but that's what Greece needs in order to fast forward her misery and be done with it.
So true matter. "When you can't fix something, brake it!"
So true matter. "When you can't fix something, brake it!"
Greece already tastes total disaster. Greeks have nothing to fear anymore.
Greece and Argentina brought themselves to their current status. Elect governments which will borrow and spend, borrow and spend, limitless free stuff. Until eventually they cant borrow any more and the lenders come calling.
They've even stopped attending international football matches. Things must be really dire.
If Syriza doesn't do as told the EU will probabli invade . I hope Russia intervenes
Italy is FIXED.
https://uk.finance.yahoo.com/news/italy-lifts-recession-thanks-hookers-1...
UK recently did the same thing: http://m.ft.com/cms/s/2/65704ba0-e730-11e3-88be-00144feabdc0.html
They dont want Greece to exit ...thisis NOT about whether Greece can suruvive if they exit the bailout early THIS IS ABOUT CONTROL....ALLL these are EXCUSES!!...
Greece can function on its own, its not in the powers that be best interest...they still havent sold the country off dirty cheap....WAKE UP BITCHES
Couldn't they wait for cheap oil?
This can't be happening man. The last time Greece was going to default almost blinded me because of reading so many articles.
I make no comment about the Greek stock market, but it would be very silly to think that Angela Merkel, having recently won her election, is going to allow a Greek bond default _before_ throwing a lot more German taxpayer money at the problem.
You simply must allow for the fact that she controls the vast financial resources of the German state, really believes in all this EUR-nonsense, and is entirely happy (after her election) to spend German money without limit to hold the EUR-zone together.
Under these circumstances, the Greek numbers are just too small to cause a EUR-zone exit...Merkel would _give_ (not lend) EUR in size to the Greeks to prevent an exit (and it might be sensible for the Greeks to try to capitalise on her fears).
If you want a trigger for a EUR-zone collapse, look much further West, at a country with similar intractable problems, but where the numbers are beyond even German capability.
France.
Watson
I think they would take better care of the economy if they paid for it using their allowance.
HUZZAH!! We've saved Greece- AGAIN!!
It's only after we've lost everything that we are free to do anything.