Greek 13-Week Cash-(Out)Flow Forecast

Tyler Durden's picture

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homersimpson's picture

Obviously this translates in the DJI being up 200 points.

 

Oh regional Indian's picture

I think it translates to G-spot being a mere Pap smear in the history books.

Between Shipping and Olive Oil and Two-rism, one would think Greece would be fine no? no?

Used to be a time nation's were mostly self sudfficient. Now we've al been iMF'd.

Privatization, FTW. Flows from Banks Block Current Seas!

ORI

Toroidal Vortices and Stillness

Rome is burining's picture

But for having big banks and a government that can't control it's spending, your correct.

SheepDog-One's picture

Well, I guess they have to pump for the dump later.

prains's picture

will this effect the percentage of alcohol in ouzo?

Ancona's picture

No, it will only affect the total quantity of ouzo being consumed......geometrically of course.

HoofHearted's picture

Have fun at Christmas boys and girls, because we face the slaughterhouse just days afterward.

Wh owants to buy Greek debt on 29 December with a 500% annual return?

youngman's picture

I hope the Troica is not giving them any more money....but I am stupid...I just buy gold and silver...

falak pema's picture

Greece is toast and a non issue. What is the issue is to create a firewall that shakes out of Euro zone all the small fry to protect Italy and Spain sovereign bunga-bunga from creating Banksta contagion, true financial armageddon trigger world wide. First line of final defense. The three small Pigs can go die outside eurzone, their sort is now sealed. EU will now reconfigure in concentric rings, around Germany/FR/Ho/BE/LuX/AUS/It/SP core. Then a second tier involving all those in second division euro pegged ring. Then another ring of non Euro pegged EU members. Three concentric rings or something to this effect. 

They now have no other choice then to break down current Euro construct; can they achieve it before the shit hits the fan in contagion backwardation? 

Your guess as good as mine. Anyway, they are going to head that way into the fog of 2012. Good luck to Euro dream -on runaway train, Istanbul train without a brake and no driver.

tim73's picture

Italy is ok, most of the debt is like Japan, owned by domestic players. The real question is France. I'd say France will go alone rather than Italy but the rest of eurozone will stay intact. Greece could go either way.

Dr. Engali's picture

Just do the right thing, save your money  and default. There will be financing later then you can default again.

au_bayitch's picture

When someone owes me money, I want paid. So no, it does not make me wonder what their circumstances are. Just pay me.

Dr. No's picture

Business bad? Fu*k you, pay me. Oh, you had a fire? Fu*k you, pay me. Place got hit by lightning, huh? Fu*k you, pay me.

Christophe2's picture

When someone makes a dumb loan and then bitches aboud the other party defaulting, I laugh.  When they continue their self-centered 'I want'/'I am owed' speech, I laugh harder.

 

The Greek debacle is a story of two sides trying to take unscrupulous advantage of one another, and as recent events clearly demonstrate (massive riots, etc.), it wasn't the Greek PEOPLE who were in control at any point in time, hence the debt is ODIOUS.

 

FUCK YOU IMF, BIS, EU and insolvent banks: just go bankrupt.

tim73's picture

As a Finn I would say and about two vodka bottles after, WE SHOULD INVADE THE PLACE! The place is in ruins anyway! So few bullets holes here and there, nobody would even notice!

Houses not btw completed (evading the real-estate tax), marinas not completed (EU fund fraud). And our fellow komrades Germans are as always with us :) You Greeks stay in Euro or you cry and stay in Euro. Or we will sell you to Turks. Your MOVE!

wang's picture
wang (not verified) tim73 Nov 2, 2011 11:29 AM

Ryti-Ribbentrop

wang's picture
wang (not verified) Nov 2, 2011 11:24 AM

This is off topic but it seems the financial  media scum to an anchorette and anchor are outraged the Gpap wants to put it to the people. 

Is there some central committee that issues these disgusting pukes their scripts?  Like a committee chaired by JPM with GS as vice chair.

jubber's picture

2y Greek Bonds just hit 96.72% so obviously there is no problem

defn8Dog's picture

Don't forget the 1y GGGB, trading at 28 cents on the dollar and the fact that the master plan doesn't allow the ECB to mark all the trash they've purchased down to market.  That won't be a problem, either.

RiverRoad's picture

      I ain't got the money for the mortgage on the farm.

      Why ain't cha got the money for the mortgage on the farm?

      'Cause I ain't got the money for the mortgage on the farm!

      Then we're gonna tie you to the raaailroad tracks.........!

JW n FL's picture

 

 

CVA desks to keep buying sovereign CDSs – even if they never pay out
Even if CDS contracts are not triggered in Greek restructuring, Basel III's CVA charge ensures the market will live on - but episode raises fresh questions about design of capital framework, dealers...

valuetrader's picture

I remember somebody else known by his first name Tim was counting his last pennies like that a couple of months ago ...

Segestan's picture

Greece may need to do as the east has done and involk religion(sarc) in the name of public order.. The only real difference between Greece and Turkey ... one nation uses Fiat to control, that tool now lost,  the other involks religious idealism, still being enforced( sic).. Seriously... if Greece can tell the EU to Fuck Off and get away with it, more power to them.

valuetrader's picture

There is a new joke.

Two Greeks meet and start talking about things. The first says ''Bad stuff, somebody will have to work now.''. The second answers ''Yes, but who would that be?''. The first Greek has the answer ''Why, the Germans of course.''.

 

Actually, that I think about it, it is not new. This has been going on for years.

 

Jim in MN's picture

Oooh boy, we're saved....?  RAN Squawk:

Greek government has sufficient cash to last until December, new taxes helped boost Greek cash reserves according to a source

 

skistroni's picture

Greek government can fantasize as much as they want about finding money, it's the Greek people that won't have any left until then. 

In September, about 30% of the families in Greece had to pay out of their thin reserves to survive (mostly unemployed and low-pension people).

In October, 99% of the familes had to do that (thanks to extra urgent property taxation, extra urgent free-lancers taxation, extra-urgent double tax on last years' income, and back-dated salary withholdings).

Don't know if you get that, but currently we are actually PAYING to be able to work and live in our own country. 

 

socratesplus's picture

quote from imf:  The board would not want to give money to Greece and then wonder what will happen [...] The board will want comfort that Greece will fulfil its commitments and right now Papandreou is unable to give that.

The sooner Greece holds the referendum, the sooner the sixth tranche will be paid. But right now, it isn't going to be paid.