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Greece Suffers Biggest 3-Day Crash In 27 Years
In the last 3 days, the broad Greek stock market has cratered a stunning 20%. This is the biggest 3-day drop since 1987 and all on the back of the 'possibility' that an anti-EU party takes over.
Did we just get a glimpse of the ugly reality hiding behind the veil of status-quo-maintaining central-bank-sponsored manipulation?
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"Pay no attention to that man behind the curtain!"
And Toto was the one that found him.
Lol great minds think alike!
The wizard just needs to fix Greece just a little bit moar. Then it'll be fixed-ed.
If only there was a way to give up some more of my purchasing power to assist these noble people...
Ignore the man behind the curtain.
You too Dorthy, run!
The man behind the curtain is doing something with the olive oil...ewe...run Toto!
If it's happening in Greece, Portugal, Spain, Italy, Ireland and France cannot be too far behind. Central banksters have lied to a false prosperity and zero interest rates as if there is no risk remaining. Unfortunately, reality cannot be denied for long. Bring on the long-postponed crash.
ISE index has been climbing for the last year or so.
Of course many of the companies who were listed on the ISE several have delisted because there is insufficient investment to be gained from the ISE.
Banks like Allied Irish Bank had to delist after it went bust and had to be bailed out by the Irish taxpayer.
Shit's gettin real.
No, no it's not, shit will never get real again.
The greatest fiction writers of the future will be students of the horse shit we are traversing right now.
They wont allow an anti eu entity to be in power. They need this too bad
Better call NATO.
Good, fuck them.
Stop fucking worrying, Draghi will talk about doing whatever it takes, there will be words exchanged about new improved 3 letter acronym programs to 'provide liquidity', the BIS guys will sell 300 tons of gold overnight and use the proceeds to buy S&P futurees, and everything will be fine. And the fucking Greeks are fine, it hardly ever gets cold there so it doesn't really matter whether or not you have a house. Everything is great, you'll see.
Like General Patton said regarding his nemisis, Field Marshall Rommel, "Al, I read your book, you magnificent bastard!!!"
If you read Patton's and Rommels diaries -- some 3 or 4 days after Patton said that Rommel wrote in his diary;
"This imbecile thinks I am following my book."
Or you could just try and fuse together a democrat and a republican.
The dictionary has a picture of Al for the word "jaded" in the dictionary.
Greece is going to be like Pandora's box for the EU. Shit will hit the fan FAST and Spain and Italy will follow immediately.
Agree. And Germany will be going down right with them. This is "unthinkable" right now. Triple A and stuff, but directly linked.
Then make sure you keep your German Euro bills and not the periphery ones.
http://en.wikipedia.org/wiki/Euro_banknotes
Hold code "X" (Germany), avoid codes "Y" (Greece), "V" (Spain), "S" (Italy), "M" (Portugal)...
I think you made a mistake;
Hold codes "AG" (Gold), "AU" (Silver), avoid codes "FIAT" (no not the car company, but it would be a good idea to avoid them too)...
Hellenic Petroleum alone dumped over 6 1/2 % today. That's got to leave a mark on the Athens exchange.
Skid marks. Multiple definitions thereof.
The CB's are culling the herd. Greeks are lazy, they drink too much and smell bad. They're a lot like me
The woman aren't exactly lookers either.
I like 'em hairy AND swarthy.
Months - Years - of crying and wringing hands over poor ole Greece.
Who cares!
Greece has not been a factor on any level in the world for over 2000 years. They have the idea that, for some reason, we all owe them a living. Why won't the EU and the rest of the world ignore those lazy bastards and let them rot in their memories of past glory.
In August:
http://failedevolution.blogspot.gr/2014/08/a-new-message-from-internatio...
Go long Greece everything.
They will never be allowed to leave.
I'm trying to work out where the G will go in BRIICTS.
Next logical move for , but getting them in the same room as the Turks will be a problem
even for Vlad.
Oh, you can get them into the same room, but only one of them is coming back out.
The MSM have done a grand job keeping REAL news ( demonstrations etc ) out of the news. Nothing to see here!
I'm waiting here salivating with joy fantasizing about the first big French bank to go tits up. Smug French fucks will deserve the pain and the humilation they get.
Tragic.
Ignore head of the organization that distrubutes the software applications in the machine on the other side of the man behind the curtain at your own peril M'Fers.
Syriza, the party in the lead, is not an anti-EU party. It just wants to renegotiate the terms of the bailout. I don't know what the EU clowns are afraid of. That a country's leader won't do exactly as told by Brussels?
oh, my... facts. Yes, SYRIZA is not an anti-EU party. Yes, it's main thrust is to renegotiate the terms of the bailout, preferably now instead of later
further, they are socialists and would prefer the Greek state to spend more then it collectes in taxes. they are pro-deficit-spending, particularly for social causes
and of course they are in general for higher taxes, though in Greece tax collection is a difficult business
interestingly, they don't even want Greece to necessarily exit the eurozone. They are just willing to bargain hard, and want to be at the bargaining table, asap
in fact, the "EU clowns" aren't terribly afraid of that. The EU countries that have lent to Greece... they still remember how the Greek government, aided by The Squid, lied to them
Note it's the markets that are having a fit. And possibly this has more to do with this new dollar tide shifting back to the US, and leaving the whole rest of the world "on dryer ground"
Its interesting.
Syriza is not an anti-EU party, and they say mixed things about the EUR, but their financial goals and objectives are at odds with essentially everything the EMZ is written to accomplish.
It would be interesting to see them elected.
The dreaming in me sees them setting the world on fire, but pragmatically, they will be very similar to ND -- take their bribes, a nice yacht or two -- and keep the Greeks enslaved.
MACRO: Greek Q3 seasonally adjusted Wages Index +3.9% QoQ and +2.1% YoY
we need a wage inflation in GR….disposable income growth is the key here.