Add The Ukraine To List Of Countries On Verge Of Technical Default

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Wed, 09/28/2011 - 14:59 | 1719280 Azannoth
Azannoth's picture

It's news that they where ever solvent!

Wed, 09/28/2011 - 15:22 | 1719369 Ahmeexnal
Ahmeexnal's picture

hmmm...ukranian stock exchange has no short ban?

Wed, 09/28/2011 - 15:43 | 1719455 Quadlet
Quadlet's picture

Dump BAC!!!

Wed, 09/28/2011 - 15:48 | 1719466 Herd Redirectio...
Herd Redirection Committee's picture

Check out the latest from the Capital Research Institute: "Consequences of a Trillion Broken Promises"

http://www.capitalresearchinstitute.org

"In our world of ever-decreasing attention spans I better cut to the chase.  Greece is bankrupt, hence the solution for Greece is to declare bankruptcy.  Similarly,  America is a (bankrupt) de-industrialized nation well on its way to becoming a part of the Third World.  What marks the Third World, in my opinion, is the glaring wealth disparity, systemic injustice, and widespread corruption.  Corruption American-style is just a little more sophisticated.  Rather than bribe congressmen or government officials they are merely promised cushy office jobs once their terms are over.  See?  That way you accept payment for services rendered after wards, when you are out of the public eye, out of the limelight.

The way back, logically, to a prospering economy with a growing middle class then, is to bring back manufacturing.  Until that process is initiated we will continue the current cycle of ‘recession’ and (weakest on record) ‘recovery’.

The reason for being so forward is simple.  The opinions expressed here are rarely found in the mainstream media.  Why is that, you should be asking yourself.  Who doesn’t want to see America re-industrialized, and the Greece dilemma settled in a just and fair manner?"

Wed, 09/28/2011 - 16:06 | 1719518 Ripped Chunk
Ripped Chunk's picture

What was the middle part again?

Oh, right, shake it off. I'm shocked by this news!

Wed, 09/28/2011 - 16:32 | 1719590 PY-129-20
Wed, 09/28/2011 - 15:35 | 1719419 unerman
unerman's picture

It would be easier to take you seriously if you could spell.

Wed, 09/28/2011 - 15:52 | 1719481 Azannoth
Azannoth's picture

I always have problems translating my thoughts into the human language it's so inefficient

besides I don't give a fuk to begin with

Wed, 09/28/2011 - 15:45 | 1719460 jdelano
jdelano's picture

On the spuriousness of the liesman levered euro tarp plan.  Neatly sums up why "the plan" is complete hogwash.

 

http://blogs.telegraph.co.uk/finance/andrewlilico/100012253/does-the-eur...

Wed, 09/28/2011 - 17:10 | 1719780 Raymond Reason
Raymond Reason's picture

Ah the grievous hryvnia again.  

Wed, 09/28/2011 - 15:00 | 1719285 ded_moroz
ded_moroz's picture

Hey, Ukraine has been one of the favourites to default! How come we forgot about it.

Wed, 09/28/2011 - 15:44 | 1719459 Nascent_Variable
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We know French banks are overexposed to Greek debt, but whose neck is out there with Ukranian debt?

http://pdf.usaid.gov/pdf_docs/PDACP150.pdf

I'm still parsing through this, but it looks like the US made a big push to buy Ukranian bonds back in '09.

Wed, 09/28/2011 - 16:23 | 1719558 mcguire
mcguire's picture

same thing.. old 2009 data, but this is a great interactive chart...

http://www.ft.com/cms/s/0/ea19fec8-028e-11de-b58b-000077b07658.html#axzz...

Wed, 09/28/2011 - 16:26 | 1719569 mcguire
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also, wasnt part of the rumor mill on the PM sell off that some eastern european central banks were liquidating??  any relation to this story???

 

Wed, 09/28/2011 - 15:00 | 1719286 PulauHantu29
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The median yearly wage in the United States is just $26,261, but the average American household is carrying $75,600 in debt.

Read more: http://theeconomiccollapseblog.com/archives/17-facts-that-prove-that-the...

Wed, 09/28/2011 - 15:12 | 1719328 AcidRastaHead
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Don't forget about the $47,000 that is each American's share of the National Debt.

Wed, 09/28/2011 - 15:19 | 1719350 Comay Mierda
Comay Mierda's picture

more like $550k/person in with unfunded liabilities (social securiponzity, mediscamcare, etc)

Wed, 09/28/2011 - 19:21 | 1720204 Ahmeexnal
Ahmeexnal's picture

And the "more educated" they are, the more they owe.

A typical multi-PhD assclown is up to his eyeballs just on student debt.

Wed, 09/28/2011 - 15:16 | 1719291 gojam
gojam's picture

Ukraine or UK ??

Nevermind, the Greeks will be pleased if the Ukranians are the first domino to fall.

No doubt the story will go that Greece held lots of Ukranian bonds and their default has tipped them over the edge.

(cue sighs of relief in Eurozone, "Not our fault Guv")

Wed, 09/28/2011 - 15:04 | 1719299 Ineverslice
Ineverslice's picture

Ukraine is weak!!!

Wed, 09/28/2011 - 15:49 | 1719472 Ineverslice
Ineverslice's picture

L O L ......" ....I think it's time to put the hurt on Ukraine!"

Wed, 09/28/2011 - 15:20 | 1719361 PSEUDOLOGOI
PSEUDOLOGOI's picture

Ukraine not weak!!! I crush you...

Wed, 09/28/2011 - 15:28 | 1719396 Ancona
Ancona's picture

"Ukraine not weak!!! I crush you..."

With my debt...

Wed, 09/28/2011 - 15:22 | 1719363 gojam
gojam's picture

Never heard the quote "And the last shall be first, and the first shall be last"

It's all pecking order. All countries will default but they will default in order of prestige and power. The USA, Germany, Japan, and the UK will be last.

Wed, 09/28/2011 - 15:36 | 1719423 Deadpool
Deadpool's picture

really??, because with QE I think your list already defaulted. Just haven't heard it yet on CNBC.

Wed, 09/28/2011 - 15:39 | 1719432 gojam
gojam's picture

QE is nothing but the US play to guarantee being last to default.

Wed, 09/28/2011 - 15:05 | 1719301 The4thStooge
The4thStooge's picture

Would a Ukrain default spread contagion all over the world and lead to financial armageddon?

Wed, 09/28/2011 - 15:06 | 1719304 mynhair
mynhair's picture

Who lends to them?  Georgia?

Will SPY claw back to 117.45?

Wed, 09/28/2011 - 15:42 | 1719449 korthaj
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UkrSibbank» is the third largest bank of Ukraine, the second among foreign-owned banks.

Shareholders

BNP Paribas – 99.9%

 

...Pokes the domino tile.

Wed, 09/28/2011 - 15:06 | 1719306 Dick Darlington
Dick Darlington's picture

They probably called their Austrian lenders to give some more to make it through the day.

Wed, 09/28/2011 - 15:07 | 1719307 AcidRastaHead
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Welcome to the party Ukraine.  Or is Ukraine like that party guest you're obligated to invite but pretty much ignore until they are at the door putting their coat on.  "Hey, glad you could come, sorry we didn't get to chat more."

Wed, 09/28/2011 - 15:37 | 1719425 Deadpool
Deadpool's picture

that'll be Turkey

Wed, 09/28/2011 - 15:07 | 1719309 Tsar Pointless
Tsar Pointless's picture

Technically, we in the "West" are all in default.

Except for Iceland.

Wed, 09/28/2011 - 15:07 | 1719312 Deadpool
Deadpool's picture

the bread basket of Russia...Putin will ready the tank divisions.

Wed, 09/28/2011 - 17:14 | 1719798 schadenfreude
schadenfreude's picture

Bread basket with nuclear weapons. Good luck with the tanks and Moscow

Wed, 09/28/2011 - 15:09 | 1719318 dick cheneys ghost
dick cheneys ghost's picture

How is South Korea CDS?..............

Wed, 09/28/2011 - 15:09 | 1719321 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Technically default, that's the best KIND of default!

Wed, 09/28/2011 - 15:09 | 1719324 Sokhmate
Sokhmate's picture

I'm guessing their export of Ukranian nurses is not that lucrative.

Wed, 09/28/2011 - 15:13 | 1719332 Momauguin Joe
Momauguin Joe's picture

Charge them a baggage fee everytime they fly back from the Hamptons.

Wed, 09/28/2011 - 15:11 | 1719326 hunglow
hunglow's picture

Russia must be happy.

Wed, 09/28/2011 - 15:21 | 1719364 PSEUDOLOGOI
PSEUDOLOGOI's picture

for now... maybe they are... but they have a number in line too...

When the shit hits the fan, watch Russia be unable to deal with seperatist movements and even out right Chineese land grabs...

Wed, 09/28/2011 - 15:12 | 1719327 Zero Govt
Zero Govt's picture

 

"Add The Ukraine To List Of Countries On Verge Of Technical Default"

Ok TD, will do...

Ukraine : Govt-led country led into bankruptcy toilet (New)

Greece : Govt-led country led into bankruptcy toilet

Ireland : Govt-led country into bankruptcy toilet

...hold on, hold on TD ...wouldn't it be easier if you gave us the much smaller list of countries not led by their Govts and Bwankers into the sewer of bankruptcy?

I mean there's actually only a few countries in all history that have not been ruined by the State and Bwankers in bed together

Govt : the Biggest Social & Economic Mistake in a Mellenium

 

Wed, 09/28/2011 - 15:24 | 1719375 SheepDog-One
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Ukraine, Ireland, Greece, put together still tiny compared to just California looming default.

Wed, 09/28/2011 - 16:30 | 1719584 Zero Govt
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Look Tiny Tim said Europe couldn't/wasn't going to happen in America... what greater certainty is there in the modern World than a Tiny Tim guarantee?

...ok now I've passed The Feds new 27 word-checker Big Brother Blogging Software any ideas how to short the fuck outta Tiny Tim and California??

Wed, 09/28/2011 - 19:26 | 1720211 Ahmeexnal
Ahmeexnal's picture

Scheisse-wigger paid off all of Kali's debt with Austrian notgeld!

Wed, 09/28/2011 - 15:15 | 1719341 falak pema
falak pema's picture

It is a damning truth which has to be regarded in the face; all those who believed in the 'Orange revolution', promoted by the west, saw a type of corruption that matches that of Russian OLigarchs. The western model of crony capitalism is as demented as totalitarian soviet dictatorship. The so called capitalist cartel mafias run Ukraine, like Mehico...at the two frontiers of western civilization. From the halls of Montezuma to the shores of Tripoli... it smells, it smells of corruption, like during the time of Conquistadors and Crusaders.  We have learnt nothing.

Wed, 09/28/2011 - 15:19 | 1719356 disabledvet
disabledvet's picture

Send in the hottie with the cool hair-doo!

Wed, 09/28/2011 - 15:23 | 1719374 Shitters_Full
Wed, 09/28/2011 - 15:25 | 1719386 SheepDog-One
SheepDog-One's picture

Isnt that the chick from 'Scrubs'?

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