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Greek Retailers Stocking Up On Shutters In Case Of Riots, Alcohol Inventories Plunge

Tyler Durden's picture





 

While America may be experiencing the occasional zombie apocalypse breakout, probably due to the absence of easily available edible iPads, Greek retailers are preparing for the retail version. "British electrical retailer Dixons has spent the last few weeks stockpiling security shutters to protect its nearly 100 stores across Greece in case of riot. The planning, says Dixons chief Sebastian James, may look alarmist but it's good to be prepared." Why Dixons? "Europe's No 2 electrical retailer Dixons owns Greece's market leading but loss-making Kotsovolos chain, which has a 25-percent market share selling iPads and laptops as well as washing machines, televisions and air conditioning units." There we go: Bill Dudley's edible iPads. The question is what happens when this easily digestable piece of plastic is thoroughly looted after local rioters dispense with the "shutters" supposedly protecting their wares. What will be on the menu next? Sadly not booze: "Diageo, the world's biggest spirits group and the name behind Johnnie Walker whisky and Smirnoff vodka, has reacted by slashing its marketing spend in Greece, reducing stock levels and pulling cash quickly out of the country after it saw its Greek sales halve in the last three years to less than 100 million pounds." So: no food, no booze, no cheap 99 cent iPad aps: this is the way the world's most miserable monetary experiment ends.

Who else is preparing for a peak in rioting, and how?

Company bosses around Europe agree. As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.

 

Those preparations include sweeping cash out of Greece every night, cutting debts, weeding out badly paying customers and readying for a switch to a new Greek drachma if the country is forced to abandon the euro.

 

"Most companies are getting ready and preparing for a Greek exit and have looked at cash, treasury and currency issues," said Roger Bayly, a partner at advisory and accountancy firm KPMG.

 

Chief Executive James says the company has contingency plans to shutter up its 69 wholly owned and 29 franchised Greek stores and close them in the short term to protect against any threat of civil unrest and prepare for a switch to a new drachma.

 

Greece accounts for just over 3 percent of Dixon's annual sales of around 8.2 billion pounds. The company competes with Europe's No 1 electrical chain Metro and with a number of local players which James says may struggled to survive in a crisis.

 

"We know it would put paid to quite a lot of our competitors and give us an opportunity to get more of a market share. So we are ready and we would be very interested to see how it would turn out," said James.

Dixons should know what is the rioter's pick du jour:

Dixons, using its experience of dealing with riots in London and other British cities last summer - big flat-screen televisions were the looters' booty of choice - has ordered enough shutters to protect its stores and is working with the Greek police and security groups.

 

The group's sales dipped 9 percent in Italy, Greece and Turkey in the year to late April. The group does not split out Greek sales, but these three nations make up around 7 percent of the group's annual sales.

The 6 Greek Cs:

"Businesses need to build in protection by checking payment terms, sweeping cash out of subsidiaries and into other currencies and check on the vulnerability of suppliers," said Martin O'Donovan, ACT's deputy policy and technical director.

 

KPMG's Bayly advises his clients to check the six Cs when preparing for a possible Greek euro exit: cash, contracts, continuity, counterparties, control and commercial. He believes that automotive companies, tour operators and pharmaceutical groups would see the biggest immediate disruption from an early euro exit by Greece.

 

He argues most companies are well prepared on cash issues and contracts with suppliers, but less so on how they would cope with business continuity in the immediate aftermath of a euro exit.

The worst news? No more booze:

Diageo, the world's biggest spirits group and the name behind Johnnie Walker whisky and Smirnoff vodka, has reacted by slashing its marketing spend in Greece, reducing stock levels and pulling cash quickly out of the country after it saw its Greek sales halve in the last three years to less than 100 million pounds.

 

Diageo has weekly meetings aimed at cutting its exposure to Greece, protecting remaining sales by bolstering its own in-house distribution network, halting supplies to some small bars and focusing on high-end hotels and clubs.

 

Diageo's Chief Marketing Officer Andy Fennell says its Greek sales are still falling. The once big Johnnie Walker market has already shrunk and now accounts for less than one percent of the group's 10 billion pound annual turnover.

 

"There could be a marked impact on Greece but the big question is what happens elsewhere across the eurozone," Fennell said with an eye on Diageo's bigger troubled markets inside the eurozone such as Spain and Ireland.

The best news: new drachma will be well stocked and easily available:

De La Rue, which as the world's biggest commercial banknote printer produces more than 150 currencies, has made no comment. Analysts say Greece could have to turn to outside printers because of the sheer quantity of banknotes needed.

Of course, if after reading this any Greeks are still not utterly terrified of what their vote for Syriza would bring (nothing but Keynesian fire and brimstone), very soon precogs will be released to arrest any and all who dare to vote for ending a disastrous monetary experiment which will eventually unleash what happened in Miami over the weekend, worldwide.

 


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Mon, 05/28/2012 - 10:09 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

And so it was. The end. 

Mon, 05/28/2012 - 10:27 | Link to Comment mcguire
mcguire's picture

not with a bang, but a whimper..

 

 

Mon, 05/28/2012 - 10:34 | Link to Comment THX 1178
THX 1178's picture

We'll see what bang(s) the false flag brings.

Mon, 05/28/2012 - 10:53 | Link to Comment mcguire
mcguire's picture

that is the thing.. they dont even need 'false flag' attacks anymore, a mere underwear bomber will do.  the greek populace is apparently falling for bernaise-type tactics, democracy wilting in the face of scare tactics...  i am routing for the grexit, but i dont think it will happen.  

:(

the consolation prize is that there is still time to get PMs at fire-sale prices.  the failure of greek voters will slingshot the euro higher, and PMs will get a double boost higher as it will trade with all of the other "risk assets" (ironic) and will benefit from the relative weakening of the dollar.  

Mon, 05/28/2012 - 10:57 | Link to Comment mcguire
mcguire's picture

not spam, just a decent article on why the euro is about to surge..  

http://www.gold-eagle.com/gold_digest_12/hamilton052512.html

Mon, 05/28/2012 - 11:35 | Link to Comment THX 1178
THX 1178's picture

Long EUR huh? Whether or not the exit comes in an obvious way-- written in headlines-- doesn't matter, the bank runs (already underway) will kerplode the EU anywho.

Mon, 05/28/2012 - 12:24 | Link to Comment Matt
Matt's picture

You read it here on Zerohedge first, folks: Quantitative Easing causes Zombification!

Mon, 05/28/2012 - 20:48 | Link to Comment Buck Johnson
Buck Johnson's picture

It doesn't matter if a govt. that is centralist does get voted in, they still won't do the austerity beause they just can't.

Mon, 05/28/2012 - 10:10 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Funny thing is, pretty soon, with every "thing" tagged and chipped and locatable, the thieves will have a hard time hiding their loot. 

Seriously, imagine a cop with some kind of a "Scan", just drivign around a neighbourhood and saying "Hey, you, you didn't pay for that iPad you just ate", stolen from ElekTroniki on.....

They're half way there to doing it to humans, what of the machines?

RFID baby, it's what's for din-din!

ori

/the-age-of-machines/

Mon, 05/28/2012 - 10:13 | Link to Comment Chaffinch
Chaffinch's picture

Interesting it should be Dixons in the news. Egon Von Greyerz (of Matterhorn Asset Management) used to be their Finance Director - I wonder if Dixons have converted their Euros into Gold?! If so they may need more than shutters to keep the stores safe!

Mon, 05/28/2012 - 10:18 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Sales of molotov cocktails however are on fire.

Mon, 05/28/2012 - 10:20 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Ouzoltov cocktails did you say?

 

Mon, 05/28/2012 - 12:28 | Link to Comment goldfish1
goldfish1's picture

Sales of molotov cocktails however are on fire.

What an opportunity for cottage industries if one can think ahead. Got hooch, bitchez?

Mon, 05/28/2012 - 10:20 | Link to Comment sabra1
sabra1's picture

http://www.infowars.com/tn-police-steal-22000-from-nj-man-for-having-cash-on-him/

one of many cases! soon to be all your PM's people!

Mon, 05/28/2012 - 12:47 | Link to Comment Overfed
Overfed's picture

I keep harping this point: There is absolutely no reward for honesty when dealing with any gov't official, especially police. Whenever dealing with a cop; STFU!

Mon, 05/28/2012 - 10:14 | Link to Comment junkyardjack
junkyardjack's picture

This is getting serious, if there's one thing Europe doesn't need it's sober citizens.  US needs to start air dropping Jack Daniels supplies ASAP....

Mon, 05/28/2012 - 10:18 | Link to Comment Long-John-Silver
Long-John-Silver's picture

How do you say "Moon Shine" in Greek?

 

 

Mon, 05/28/2012 - 10:21 | Link to Comment fasTTcar
fasTTcar's picture

Long copper tubing and pyrex!

Mon, 05/28/2012 - 10:39 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

I don't know, but it isn't cold enough in Greece to make apple jack.

Mon, 05/28/2012 - 10:42 | Link to Comment francis_sawyer
francis_sawyer's picture

goes great with human flesh & a side of pinto beans...

Mon, 05/28/2012 - 12:16 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

When a full moon shines in Athens you know what comes next.

Mon, 05/28/2012 - 13:22 | Link to Comment WmMcK
WmMcK's picture

That depends -- oh you mean the alcoholic one (not butt glow).

Mon, 05/28/2012 - 10:17 | Link to Comment Ol Man
Ol Man's picture

Speaking of US zombie outbreaks...

http://miami.cbslocal.com/2012/05/26/miami-police-confrontation-men-leav...

You can't make this shit up!!!  Its like world economics!!!

 

8)

Mon, 05/28/2012 - 10:46 | Link to Comment THX 1178
THX 1178's picture

The EU is currently eating Greece's face. As above, so below.

Mon, 05/28/2012 - 12:18 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

It was just a couple of guys getting off the internet & finally spending some real face time together.

Mon, 05/28/2012 - 10:18 | Link to Comment rbg81
rbg81's picture

The thing about rioting is that it only works once.  I wonder if the rest of the world will learn anything when the Greek socialist experiment inevitably degenerates into cannabalism.  Methinks not.  There will still be Marxist professors who teach that down is up and idiots willing to listen to 'em.

Mon, 05/28/2012 - 10:20 | Link to Comment magpie
magpie's picture

The rioting is sometimes there to promote a "flight to safety".

Just saying. And the marxist professors might as well take a field trip to Cambodia.

Mon, 05/28/2012 - 11:35 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

Yeah, just like those white Middle Class surbabnite Marxists should.

http://www.youtube.com/watch?v=-KTsXHXMkJA

Mon, 05/28/2012 - 10:24 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

You started lying way before but gave yourself away with "Methinks".

I know it's popular to blame words, especially 'socialism' but I'd love to hear more from you about this Marx character who you have clearly read carefully. Please, do elaborate on the Greek socialist problem and then feel free to expand to the world.

Mon, 05/28/2012 - 10:47 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

"Please, do elaborate on the Greek socialist problem"

Too easy...

The rats were promised FREE CHEESE! in return for voting leftist/Socialist. Now, those rats want the FREE CHEESE! they were promised, they 'Paid!" for it already. (They didn't, of course. They were paying for those who previously got the free cheese for votes). And they don't give a damn who has to pay for it, now.

Greece is a living proof of THE THATCHER RULE:

"Socialism only works until you run out of Other People's Money to spend."

Mon, 05/28/2012 - 11:01 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Thank you. I rest my case which is: bring back CAPCHA.

Mon, 05/28/2012 - 10:43 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

In Cuba, one of the first things ransacked were the casinos. Unfortunately, it was the country's primary source of income (next to cigars, of course). We'll see if the Greeks make the same mistake. A devalued drachmae would be good for tourism. 

Mon, 05/28/2012 - 10:56 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Wow.

A devalued drachmae would be good for tourism.

You sure are smart mister, whaddya some kind of economist? Please refrain from recycling BBC talking points on this board as it's a diminishing sanctuary from the mountains of garbage out there.

Meanwhile back in actuality, Egypt has a vibrant tourist industry. Did I say has, I meant had. It turns out, even after a massive devaluation no tourists are lining up for their pyramids or beaches, not sure why maybe it has something to do with the social mood of the locals and not wanting to be part of a military dictatorship. You know, kinda like Greece.

Mon, 05/28/2012 - 11:18 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

For your information, that was from Mr Farage, not the BBC. Perhaps instead of comparing it to Egypt, you should look at Iceland. Now piss off.

 

http://www.youtube.com/watch?v=RQ9uHUDkTq4&feature=plcp

Mon, 05/28/2012 - 11:23 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Farage, BBC same shit. Iceland is irrelevant. You're confused.

Mon, 05/28/2012 - 11:26 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

As are you and the rest of the fucking Eurofanatics.

Mon, 05/28/2012 - 12:17 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Facts remain. Eurofanatic?! Lowwd... I'm fully aware of this sad religion as well, nope not a Temple goer like yourself.

You're either an idiot or CoL shill. My bet? Both.

Mon, 05/28/2012 - 11:54 | Link to Comment Doña K
Doña K's picture

I think diarrhea is hereditary. It Marches in your Genes Mr. Banks.

Nothing to do but bombard everyone down instead of putting out some thoughtful commentary of any kind.

According to psychologists, based on your behaviour, you most likely work for the gov. and your wife beats you.

Mon, 05/28/2012 - 12:03 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Luckily for me psychologists are about as scientific as economists.

I bombard idiots and corporate shills like you, sure.

Mon, 05/28/2012 - 12:27 | Link to Comment tekhneek
tekhneek's picture

Rough day Gene?

Mon, 05/28/2012 - 15:38 | Link to Comment Ghordius
Ghordius's picture

LOL - reminds me how stevie the pi-rat goes berserk when he smells trolls asking basic questions about gold. ;-)

Mon, 05/28/2012 - 11:27 | Link to Comment Temporalist
Temporalist's picture

Greece is nothing like Egypt.  Egypt = Desert; Greece = Beaches.  Egypt is also a Muslim country (which has been a deterrent for many) and Greece is not.  Also Greece is part of the continent and can be traveled to via land transport.

 

So on an equal time window after any riots/collapse Greece will recover much quicker when they find stability than Egypt would.

Mon, 05/28/2012 - 11:59 | Link to Comment Doña K
Doña K's picture

1 day in Giza 1/2 a day in the Cairo Museum and 1-1/2 day in Luxor and you're done.

Mon, 05/28/2012 - 12:14 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Nice. A mis-informed idiot and a corporate shill, a two-fer. Inform yourself before revealing the inside of your skull is a desert: http://en.wikipedia.org/wiki/Egypt#Economy

http://www.youtube.com/watch?v=H8BfFQ5oI00

Yes, you're both on point. There are no resorts/hotels on the Mediterranean, Pyramids or Red Sea attractions at all.

 

Mon, 05/28/2012 - 10:35 | Link to Comment JustObserving
JustObserving's picture

Just get some Poppy fields.  The Afghanistan opium crop is about 53% of the licit GDP.

"The price of opium is estimated at 17 times the price of wheat, which is the alternative crop that farmers are encouraged to grow. Wheat is also more vulnerable to disease and requires more water."

Yes, opium can replace alcohol and produce a return 17 times higher than wheat. Legalize it and sell it in your coffee shops now that Amsterdam is closed for business. With all your ships, transportation will be a snap.  

And you pay no taxes ... wait, wait ... you never paid taxes. Is there a word for tax in Greek?? Christine Lagarde thinks not.

Mon, 05/28/2012 - 10:35 | Link to Comment roadhazard
roadhazard's picture

No, no, the US Military got rid of all the Poppy plants.

"Just Say No" ~ Nancy

 

:)

Mon, 05/28/2012 - 10:39 | Link to Comment JustObserving
JustObserving's picture

I know they will be competing with the CIA but these are desperate times.  Meanwhile, opium production in Afghanistan continues to flourish under USA's freedom and democracy initiative. Putin continues to protest as more Russians get addicted.

Mon, 05/28/2012 - 10:41 | Link to Comment Mitzibitzi
Mitzibitzi's picture

???????????

Oh, no... sorry, that's 'tax evasion' - must be further down the page, somewhere. Let me see;

tax dodger - nope

tax free - nope

tax collector (see 'Robber') - nope

 

Mon, 05/28/2012 - 11:48 | Link to Comment Temporalist
Temporalist's picture
Tajikistan tackles thriving heroin trade

http://www.youtube.com/watch?v=IjAHZ5ulky0&feature=g-u-u

 

Paid for by the EU...

Mon, 05/28/2012 - 10:26 | Link to Comment i-dog
i-dog's picture

 

"the world's most miserable monetary experiment"

It wasn't an 'experiment', it was a deliberate 'device' ... to regain the riches from the middle class that, prior to the rise of the middle class during the industrial revolution, were the sole preserve of the nobility (war-mongers), aristocracy (mercenaries, slave traders, and drug dealers) and the Roman Church (facilitators of the status quo).

Mon, 05/28/2012 - 10:33 | Link to Comment Ghordius
Ghordius's picture

I assume with "experiment" the author means "fiat money". Which for us european it's going on since August 1971, this time.

I'd say "experiment" is the wrong word, fiat money has been tested several times in history. Median age expectancy of a fiat currency: 70 years.

But of course giving the place in this article we could also assume it's about the EUR. That is mostly backed by...

Mon, 05/28/2012 - 10:42 | Link to Comment frenchie
frenchie's picture

methinks u forget the essential part : jews...

Mon, 05/28/2012 - 11:24 | Link to Comment i-dog
i-dog's picture

I didn't forget them ... They (the Zionist Sabbatean moneylenders) are VERY closely allied with the Roman Church (through the Jesuits and the Illuminati) -- and have been since well before the Rothschild family knew what a shekel looked like.

Mon, 05/28/2012 - 10:26 | Link to Comment vast-dom
vast-dom's picture

.......................

Mon, 05/28/2012 - 10:24 | Link to Comment RobotTrader
RobotTrader's picture

Things are getting close to the "tipping point", and EUR/USD shorts now at a world record.

Only a matter of hours before TPTB makes an announcement of a "Shock and Awe" rescue plan.

Mon, 05/28/2012 - 10:33 | Link to Comment doomandbloom
doomandbloom's picture

crocs and wildebeest.....

Mon, 05/28/2012 - 10:38 | Link to Comment WonderDawg
WonderDawg's picture

You're probably right. At some point, though, the markets will quit responding to rumors. Then I guess they'll have to go full retard on printing. But at that point, it might be too late. I guess we're going to find out, one way or another.

Mon, 05/28/2012 - 12:01 | Link to Comment Non Passaran
Non Passaran's picture

I take that as a recco to buy silver. Thanks.

Mon, 05/28/2012 - 10:32 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

"...ending a disastrous monetary experiment which will eventually unleash what happened in Miami over the weekend, worldwide."

 

Lovers' spats quickly turning into drug-crazed, face-biting homosexual aggression in public areas?

Oh, my....

Mon, 05/28/2012 - 10:43 | Link to Comment Mitzibitzi
Mitzibitzi's picture

And I'm guessing the DHS haven't started issuing those fancy .40 hollowpoints, yet, if it took six rounds.

Mon, 05/28/2012 - 10:32 | Link to Comment virgilcaine
virgilcaine's picture

zzzz....

Mon, 05/28/2012 - 10:39 | Link to Comment Trying to Understand
Trying to Understand's picture

Thanks to cut-off threats from Berlin-am-Brussels, the Athens government has stopped paying suppliers, foreign importers will not ship until upfront cash has been received and confirmed, and banks have been instructed to lend nothing to either domestic or business borrowers.
 
The personal loans ban has been framed in the light of a suffen rush for ‘credit’ alongside massive withdrawals. Loans by banks were running at €11bn euros a month. From here on they will be zero.
http://hat4uk.wordpress.com/2012/05/28/euroblown-greece-stops-dead-as-government-introduces-payments-freeze-and-importers-demand-cash-up-front-24/

Mon, 05/28/2012 - 10:51 | Link to Comment Mitzibitzi
Mitzibitzi's picture

Yeah, cos that's gonna help! Stop hungry, desperate people who have no money from accessing any. No chance of a sharp increase in civil disorder, there!

I figure that's precisely what they want, though.

Given the recently discovered natural resources in the Aegean, your options are limited to causing a societal breakdown, so EU 'peacekeepers' can move in, or letting Greece bug out and watching the US, Chinese, Russians or Turks (or some combination of the four) take on the 'peacekeeper' role.

Mon, 05/28/2012 - 10:46 | Link to Comment The Alarmist
The Alarmist's picture

The shutters are worthless for anything but substantiating the insurance claim.

Mon, 05/28/2012 - 11:00 | Link to Comment Mitzibitzi
Mitzibitzi's picture

Yeah. They'll deter casual theft, but not a guy with a car and a tow-chain.

The ones on my wife's store are pretty heavy duty steel (many are aluminum) and the slide-rails are bolted right through the walls and into 7mm thick steel spreader plates behind the drywall. And concreted 16" into the pavement. We figure they'll slow down looters out front just about long enough for us to fill up the car with what is, now, our food and supplies out back - the rear being much harder to get to and not obviously the back of a shop.

Maybe 10 minutes. Less if they're determined.

 

Mon, 05/28/2012 - 17:20 | Link to Comment Umh
Umh's picture

They work very well if you can shoot the guy with the car and tow chain.

Mon, 05/28/2012 - 12:08 | Link to Comment Non Passaran
Non Passaran's picture

Very alarming indeed.

I wonder how worthless it'd be to have the shutters on my display while my neighbor doesn't. 

Oh, I see - you're saying the rioters and looters, especially Greek, like challenges and will steal from the store which has the shutters and leave the unprotected store alone.  Excellent point!

Mon, 05/28/2012 - 12:35 | Link to Comment The Alarmist
The Alarmist's picture

Not me ... I'm saying that if you want any chance at all to collect on insurance, you need to show you attempted to defend your stuff.  Then again, insurers are notorious for putting all sorts of "outs" into the various clauses, so maybe it is a waste of time and money.  Just clean out the shop and go on holiday.  

Many years ago, when visiting Mexico City, a local told me to leave the car unlocked and the glove box open so the theives could see there was nothing there to steal.  Locking the car would make it necessary to for the theives to smash the windows to determine that fact.  Don't know if he was BS-ing me, but I didn't have anything stolen that week.  Operative point was that there was nothing to steal, and no reason to inflict damage to establish that fact.

Mon, 05/28/2012 - 17:23 | Link to Comment Umh
Umh's picture

If you drive a convertible you should never lock the doors. The new top will cost more than what you left in the car.

Mon, 05/28/2012 - 10:47 | Link to Comment navy62802
navy62802's picture

Oh no. Running low on alcohol spells the end to this story. Not good.

Mon, 05/28/2012 - 10:48 | Link to Comment Hulk
Hulk's picture

Thread hijack. Turd interviews Jim Willie again, a must listen

http://www.tfmetalsreport.com/podcast/3834/tfmr-podcast-21-jim-willie-returns

Mon, 05/28/2012 - 11:25 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  

Thanks, Hulk!

Mon, 05/28/2012 - 12:07 | Link to Comment Hulk
Hulk's picture

I used to think Willie was a nut. No longer...

Mon, 05/28/2012 - 10:55 | Link to Comment Sandmann
Sandmann's picture

The only way Dixons could "sell" stock would be to have it looted !  Their formner boss just got $36 million to take over Apple's Retail operations. Dixons is a dog and looting is its best hope

Mon, 05/28/2012 - 11:01 | Link to Comment Elwood P Suggins
Elwood P Suggins's picture

Alchohol Inventories Plunge?  Just because sales of expensive imported brands are down certainly is no indicator that there was any plunge in inventories.  Just more ZH codswallop trying to make a disaster out of absolutely nothing.

Mon, 05/28/2012 - 11:57 | Link to Comment Non Passaran
Non Passaran's picture

Yeah, but

a) stocks of imported brands aren't down because they're "expensive" but because there's a risk of default and looting

b) any domestic morons who are not doing the same are .. morons.  

In all likelihood alcohol investories are pluging.

Mon, 05/28/2012 - 11:02 | Link to Comment Heroic Couplet
Heroic Couplet's picture

Makes sense. I read the other day Greeks are buying food directly from farmers, cutting out all the middle men, including banks.

So is Dixon et al. traded on any stock exchange? LOL

Mon, 05/28/2012 - 11:15 | Link to Comment max2205
max2205's picture

Drone sales are up in Greece. Bullish

Mon, 05/28/2012 - 11:18 | Link to Comment Master Pimp
Master Pimp's picture

SORRY TYLER  , I REALLY LIKE U BUT YOU ARE TELLING US BULLSHIT RIGHT NOW

I LIVE IN GREECE AND ALL OF THIS IS PLAIN CRAP

SYRIZA (TSIPRAS) IS GONNA KICK YOUR ASS

HE WLL WIN WITH KAMMENOS, FORM A COALITION, AND SODOMIZE ALL THE ANTI GREEK FORCES!

SO LONG SUCKERS!!!!!

 

Mon, 05/28/2012 - 11:21 | Link to Comment Tyler Durden
Tyler Durden's picture

Next time actually read the article.

Mon, 05/28/2012 - 11:44 | Link to Comment Temporalist
Temporalist's picture

Tyler please forgive this person as Greece is also out of coffee:

http://www.youtube.com/watch?v=5ilGGP9BDZs

Mon, 05/28/2012 - 11:49 | Link to Comment Master Pimp
Master Pimp's picture

Sorry man, but you are telling us utter bullshit! You know nothing about Greece!

For your information, you Americans live in a virtual reality world.

Nevertheless, I respect Zerohedge, it an exception

Mon, 05/28/2012 - 11:55 | Link to Comment Non Passaran
Non Passaran's picture

It seems certain medicines are also out of stock!

Mon, 05/28/2012 - 11:41 | Link to Comment Master Pimp
Master Pimp's picture

Tyler I really appreciate your work but......

You really miss major elements  about  the political conditions here.

The troika are once again  bribing media companies (which are ALL corrupt and bankupt) which are presenting fake polls in order to manipulate the masses.

All major newspapers and Tv channels are doomed after the election.

This time, nothing special is gonna happen in 1 month !

The Germans will recapitulate with Tsipras and Kammenos coalition,  because they know that we could have a 2008 meltdown again.We are just like Cuba in the sixties!It is a Mutual Assured Destruction

We only have 0,1 % primary deficit  and they want to keep Greece in the Euro, because Germans want to remain Med countries pimps

The have enormous interests here (Oil &Gas, Gold, Platinum,Uranium, Greek key geostrategic position)

Gree ce can only negotiate successfully, if we kick ND and Pasok asses: they are plain traitors and should be all hanged -they are the ABSOLUTE political cancer.

By the way, Syriza is not the extremist leftist monster new order propaganda is describing

Enough with the stupid German bluffs and threats! Please don't recycle them.

At the end, ECB will simply proceed with various forms of further stealth Quantitative Easing in order to save the political and banking status quo everywhere! With just 5-15 billion euros real inflows per annum into Greece (which is peanuts), you can  perpetuate the euro in Greece, until we upgrade our domestic  production model.

And you know what? NO hyperinflation will emerge because the Europeans are freaked out and they no longer consume, like they used to

Mon, 05/28/2012 - 15:51 | Link to Comment Ghordius
Ghordius's picture

I mostly agree on the outlines and some details, but:

- The Troika is NOT bribing Murdoch's media (in fact, they don't need to bribe the media) and the polls are genuine on the Greek and the German side. I presume you are talking about Greek media.

- yes, the primary deficit is "harsh" and it's a fine achievement - but you know it's origin in the bargains (pimps? ehm...)

- The geostrategic position is relevant for Uncle Sam, you know, the guy that winked GS to "help" to get Greece in those clubs and tried under Bush II to get Turkey into them, too.

- the "I'm too big to fail" stance is good, but please keep it in mind that currently it works only for megabanks

Mon, 05/28/2012 - 16:14 | Link to Comment Master Pimp
Master Pimp's picture

-I do not refer to foreign media: The most outrageous case is the Greek newspapers and tv channels (zombie businesses controlled by the parasitic Greek barons who live off the Greek state from overpriced state construction projects ordering fake election polls):

What is more, even minor /major Greek web sites blogs that used to be anti-government have lately become cheerleaders of the fascist regime PASOK / ND, because the collapsing system subsidizes all media losers, in order to save its ass.

-"I'm too big to fail" stance is perfectly reasonable in the case of Greece and the rest of the Med club! We can leave a black hole that can bring about a  2008 like  crisis x 10.

Finally, the geostrategic position of Greece is even more precious for Russia for instance. Up to now, Russia has not supported Greece because they did not  wanted to save the fascist PASOK / ND regime. But now with Syriza and Kammens (Independent Greeks Party), Russians will finally take a positive stance towards  Greece

Tue, 05/29/2012 - 13:32 | Link to Comment nicxios
nicxios's picture

"The most outrageous case is the Greek newspapers and tv channels (zombie businesses controlled by the parasitic Greek barons who live off the Greek state from overpriced state construction projects ordering fake election polls):"

These same polls got the first election all wrong; here's to hoping they do it again!

Mon, 05/28/2012 - 11:58 | Link to Comment Snakeeyes
Snakeeyes's picture

This summer in the US willl be similar. Riots, murders, assaults while the liberal elites stay cool in their air conditioned castles. Or go to the Hamptons on Long Island, don't you know!

In Chicago, there are murders every week, so I doubt if it will even show  up in the news.

Mon, 05/28/2012 - 16:52 | Link to Comment The Alarmist
The Alarmist's picture

Given all the flash-mobs in places like Philly and Chi-Town, one has to ask if anyone will even notice this summer's riots as being anything out of the ordinary. My money is on the MSM giving us more stories about joyful homecomings of the troops, blind puppies being adopted and ... oh yeah, a murder or two and some robberies the night before in that part of town that looks like a homeland in another place and time.

Mon, 05/28/2012 - 12:49 | Link to Comment headless blogger
headless blogger's picture

This is really depressing.

Mon, 05/28/2012 - 13:38 | Link to Comment TrainWreck1
TrainWreck1's picture

Where do you think Congress stashes their retirement funds?

 

* In Memorium: Ted Kennedy - 2 and a half years sober and counting *

Mon, 05/28/2012 - 17:27 | Link to Comment Umh
Umh's picture

How many years was that 30 months spread out over?

Mon, 05/28/2012 - 14:04 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

Smirnoff vodka is to be avoided at all costs. You will be grabbing your liver like a football if you dare drink enough of this rot gut.

Mon, 05/28/2012 - 16:54 | Link to Comment The Alarmist
The Alarmist's picture

I had a Russian friend who literally threw a glass of Smirnoff at the bartender who dared to serve it to her.

Mon, 05/28/2012 - 15:41 | Link to Comment Me_Myself_and_I
Me_Myself_and_I's picture

No beer and no TV make Homer go crazy.

Mon, 05/28/2012 - 15:52 | Link to Comment Joe The Plumber
Joe The Plumber's picture

Preppers dont look so stupid after all.

Its a good idea to stock up on a years supply of food and other supplies medicines disposable products etc.

They gonna be in short supply for a while

Mon, 05/28/2012 - 18:53 | Link to Comment cooperbry
cooperbry's picture

These stories are so funny, as thougth the Greeks haven't already reverted to underground currencies and trade.  It's over Johnny.  People on the streets are bartering with anything except Euro's.  Anyone that may have any Euro's left in banks are taking them out now and trading them for whatever the locals will accept for barter.  It's over Johnny, it's over...

Mon, 05/28/2012 - 19:42 | Link to Comment ptolemy_newit
ptolemy_newit's picture

The Imminent Failure Of The Eurozone  

Fri, 09/02/2011 - 21:13

 

Mr Abdullah Gui please help history move along and bail out Greece:  Just buy the military!

Tue, 05/29/2012 - 00:20 | Link to Comment xcehn
xcehn's picture

"...the smart money is betting Greece will leave the Euro by New Years Day 2013, with all the damage that will bring."

http://www.salon.com/2012/05/26/obama_faces_armageddon/

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