This page has been archived and commenting is disabled.
Art Cashin On "Greece In A Capsule"
Short, sweet, and cutting right to the chase.
Greece In A Capsule - Here’s the outlook on Greece from Wall Street watering holes. If a coalition government is formed or looks to be formed, global markets may rally. Any coalition is unlikely to make progress on goals, since austerity is political suicide. There will likely be another election around June 10/17. A workable majority/plurality remains unlikely, so back to square one. Therefore, Greece will be unable to attain goals by the deadline (June 30). Lacking aid funds, pensions are suspended and government workers are laid off. Protestors take to the streets and government is forced to revert to drachma to avoid social chaos. Pass the peanuts, please.
Source: UBS Financial Services
- 14324 reads
- Printer-friendly version
- Send to friend
- advertisements -


Boiled, Roasted, Salted or Un-Salted ?
I prefer dry-roasted.....where did that damn stewardess go?
But everyone keeps saying "revert to drachma will trigger social chaos."
I need the new edition of the English/MSM BS dictionary....
Um, me threee.
Well, I think if the drachma are made of wood they are a goner.
Your bunker has a stewardess?
"Can you hear me Major Tom?"
It will be funny and far away to the wall street bunch until the spit is slid up their asses and an apple shoved into their mouths.
"Pass the peanuts, please."
Sorry, but we have progressed to cashews in one hand and pistachios in the other. And a Big Gulp balanced precariously on the arm rest.
Let the games begin.
How about we just break his nose & call it a day? (or is that rayciss?)
Had to login for green arrow on this one. Brilliant!
TL;DR: heads I win, tails you lose
times are tough, i tried to roast my nuts, dang! if i don't have to shave my bikini line anymore!
He is right....but the markets will go up...bonds will hold....and someone in the end will lose a lot of money.....who who who got the bonds..the pensions..
Do not try to find the spoon bonds or pensions. That is impossible. Instead, only try to realize the truth. There is no bonds or pensions. There is just the illusion of wealth and money.
Once you realize this you will be free from their trojan horse money meme.
http://www.youtube.com/watch?v=ZaJPNrf1DPY
Greece has lready hit the windscreen and we just have to stop looking in the rear vision mirror to realise it.
"windscreen" "rear vision mirror"
Where are you from?
Maine.
They talk funny up there. :>)
England, it is a windshield
God's country......Australia. Unfortunately we have a government that just handed down a budget tonight filled with useless goodies designed to buy votes and kill the future.
Welcome aboard! It has become fashionable most everywhere else!
Welcome. Its a growing club. As your housing bubble explodes I imagine we'll see more and more Aussies here at ZH. This is the place to be if you want to get any cue what is really going on. Anyway, Welcome aboard.
But, But its paid for out of the World highest Carbon Tax !!!
You know, take from the sheep 4x and return 2x to the sheep. ... Fucking Bread and Circuses.
But, But ..whats that you say... the Mining Companies will pay tax on super profits and that will cover it all the pork barrelling. Let me tell you they are way ahead of that Redhead Bitch.
"Socialism is the Best form of Government .... Up until you run out of other peoples money"
What, the US House Dems just emigrated to Australia?
"Protestors take to the streets and government is forced to revert to drachma to avoid social chaos"
Which government is he talking about?
Wondering the same thing. I think it's not so much a prediction but some more pleading.
Does the government have enough paper and ink in stock to print a new currency?
"protesters"???
Don't they have singing or dancing shows to watch?
What savages.
The white house better be paying attention. This is a pre-screening of what is coming to the US but it will be worse much worse where ther are more guns than cars.
I'm sure that after more than 24 months in crisis mode over-paid and over-pensioned policymakers and central banksters are well prepared if Greece exits the eurozone.
[/sarc]
Returning to the drachma prevents social chaos? Right, destroy the savings of Greeks by paying them in worthless drachamas and they will feel better. Oh, and raise prices by at least 50%?
Not going to happen.
Slightly less funny than Art's diatribe. You tried so +1.
Reader submission: Loukanikas the Riot Dog demonstrates Munger Mask deployment
What banzai7 department do I submit reader's porn to? :)
Customer service Mumbai
Nice tats.
Lots o stops at 1350
Always dreaming.....never buying.
Popcorn is much healthier than Peanuts. Sheesh!
I love my popcorn drenched in 10W30 genuine imitation butter.
Yum!
No, no, no, no. Imagine how many knobs have been handled by unwashed hands diving into those peanuts before you.
Maybe because people are already using other non-euro, non-drachma medium's of exchange:
http://www.youtube.com/watch?v=9y9R0v96K48&feature=player_embedded
Edit: This was in response to an earlier post. Anyway, the link is interesing on a bartering system popping up in Greece.
The "capsule" is a handbasket and the destination is hell.
WHAT? NO ONE WILL LEND THESE "GOOD" PEOPLE MONEY SO THEY CAN LAY AROUND AND WELL , DO NOTHING BUT PROTEST! THE NERVE .....HEY, OBAMA-KONY , TELL US AGAIN HOW LUCKY WE ARE YOU DOG EATING MONGREL AND BUFFETT LOVER
next step: stop payment of all external debt except for trade lines and interbank lines. I've seen this movie before. Now the EU will have to restructure their debt.
Here's another capsule view, of a national tax revolt, from Manos in Greece, last fall:
Today, after two years of screwing and pressing us, most households and businesses have stopped paying. Stopped paying taxes, utility bills, toll fees, or anything else related to the government.
http://www.shtfplan.com/headline-news/warning-for-americans-be-safe-and-stay-alert-its-coming_09132011
Greece can back the drachma with gold. Oh no they can't banksters stole the gold earlier in the year. Oops.
FORWARD!
You can't improve until you have hit rock bottom.
It's all Greek to me.
That is a great forecast, I'll need more popcorn for this. The big fat dude always makes me laugh when I see him - I think he is from PASOK and a bailout backer. It would seem that the left could bring enough pressure to bear on these two old parties - I mean they know they writing is on the wall based on the election results. Now would be a good time to compromise in the other direction, huh?
Here's hoping the Greeks exit the Euro prison and start down a real path to recovery (and regaining sovereignty).
Kamiso Bernanke! (FUCK You Bernanke in Greek I think/hope).
A break-up of the Euro would be a victory for the 99.999% and a loss for the elites. Big government bad; small government... better.
Coach Factory Outlet Coach Outlet USA Coach Wallets Cheap Coach Purses Coach Outlet Coach Purses Outlet Coach Factory Outlet Online Coach Outlet Coach Store Outlet Coach Outlet Online Coach Outlet Coach Factory Online Coach Factory Store Coach Bags Nike Air Max
Our Coach Factory Outlet goal is to let everyone be able to buy the Coach Outlet USA for her own. Coach Wallets or Cheap Coach Purses in the cheap Coach Purses Outlet are available now with the best condition and Coach Outlet in the lowest price. Coach products from Coach Factory Outlet Online have classic design yet in top fashion sense. The artwork of Coach in the Coach Outlet is so delicate and distinctive, perfect in details. Coach Store Outlet is a great Coach Outlet Online store not only selling top Coach Bags but also other Coach accessories. Coach Outlet does not let you down on Coach quality, design and workmanship. Coach Factory Online also is a good place for you to enjoy Coach items. In this Coach Factory Store, you could get the best Coach Bags at the best price. So are other Coach accessories, like Coach shoes, Coach wallets or Coach jewelries. Of course, if you love other brand shoes, Nike Air Max is a top one for you! Welcome!