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Comprehending Any Greek Headline (In 1 Simple Venn Diagram)
Via Peter Tchir of Brean Capital,
Here are the 5 groups that currently feed the media with headlines:
The IMF – I am not sure when their role transcended helping weak countries to being a global market prognosticator but assume that as much as they chastise Greece, they will continue to try and get them money – it is pretty much the definition of the IMF
Greeks in the know (probably the smallest group)
EU in the know (next smallest group and mostly a few Germans and ECB employees)
EU making things up – a huge swath of politicians looking for any soundbite possible
Greeks making things up – some are honest mistakes as what they said was true 5 minutes before, and they weren’t told of the changes, but mostly people trying to get attention
The only information that matters is that small intersection of what the Greeks in the Know matches up with what the EU people in the Know say – those details are few and far between – at least publicly.
The huge crop of those making things up and just guessing make up the bulk of the headlines and are there to feed the voracious appetite of reporters, and the market moves (for example to a headline of the IMF is negotiating, in spite of no headline that had said they weren’t negotiating)
When something from the “in the know” crowd comes out, or changes, I will change my view, but until then I will filter out the noise.
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Only one headline matters at this point: Grexit
The set bubble of people spreading disinformation with the intention to front run is missing. Or is that a a fully duplicate set of everyone involved?
“Those who know don’t talk. Those who talk don’t know. - Lao Tzu
If you're a journalist and you get paid, it's not news but advertising.
They're secretaries.
Why do you think they call it Secretary of State?
It comes from the Latin word "Secretum", which means, "secret". Therefore "civus custode secretum" would be "keeper of state secrets".
What's the latin for "Poorly secured public e-mail server keeper" ??
The global financial mafia promotes scenario 2 for Greece
If there was anyone "in the know" within the EU , it wouldnt have been there in the first place.
"Those are the headlines. Now for the rumors behind them"
Groping in amoung those balls for info. I have seen this before.
http://www.blacklistednews.com/TSA_Screeners_At_DIA_Manipulated_System_T...
He who has the most microphone time wins....he looks more important...
Many threads' comments have vaporized. Could it be parent company is talking notice???
C'mon, Christine Lagarde has to have her leathery mug inside the diagram, not off to the left floating in space.
Default Greece, DEFAULT.
Drachmas.
hmmm, I pictured the intersecting components to be: bullshit + drama + trial balloon
College graduates $100k in debt are wondering what the hell a Venn diagram is.