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Not tomorrow, late October. They're waiting for everyone to stop caring, then it'll be "OOOh yeah, and... er... Greece is defaulting now"
it's about bonds
wouldn't it be really great if you could know which individuals have been buying bonds?
and will sell them when hooray Greece is saved again
it's a repeating pattern - the in the know crowd are fleecing the the people - making off with the crown jewels and such while they claim to be saving the day
i'd like to know just how far they think they can flee wtshtf
Greece will shit the bed before the end of the year.
We're about to see another "credit event".
The shit is pretty scary--especially if you have a family.
The sun will come out tomorrow.
Tragedy or comedy? Both.
The Greek theater is made tragic by the finished Anglo-american world and comic by Europeans who knows that Greece is irrevelant in the Eurozone.
yeah, indeed, tragicomedy
it's neither tragedy or comedy
it's grand larceny plain and simple
It won't happen tomorrow. Another kick the can day all is well.... It will happen by my guess by november. Sharp, quick and fast.
That's my bet as well.
Conveniently, right about the time the first frosts start to kick in for most of the Northern hemisphere and it's too late for anyone who already hasn't to get some (or some more) food crops in the ground.
Lydon - 'they lied, they cheated, they changed the stakes, all-in-all, a three-ring circle, tragedy, comedy, publicity. Burn...'
China had a lot of bad news this weekend, canary?
Good news comrades!
China May Add $728B Stimulus: Deutsche Bank http://bloom.bg/nTj10H
5 hours ago
that 728 billion will be in USD no doubt
The europeans will contradict their contradictions and markets will be up by afternoon.
Lot's of theatre this week, but very little substance.
Greece has been great for diverting attention while they kick the can.
They're not trying to kick the can, so much as stick on top of a Saturn V and send into orbit
you're just awesome, Peter...just fucking awesome.
peerless analysis, my friend.
Started to get the same feeling yesterday that a stage is being set. All the central banks are planning something.
i say both. Atleast Greeks are famous now, who knows maybe they will be soon like Charlie Sheen super stars.
What I don't think they understand is that every day that this bs continues people ... the ones taking it on the chin now ... are getting more and more pissed off.
Tim Duy casts some doubt on the FOMC acting big.
QE3 might be a bridge too far.
The Greeks just need to suck it up and cope.
Greece will not default tomorrow- they have kicked the can down the road again (at least 2-3 weeks until October)
Jesus my eyes are closing together, after all that madness last week this is just dull...someone start a rumor. (go on, the devil wants you to)
“How did I go broke?” the once-rich F. Scott Fitzgerald said to Ernest Hemingway. “Two ways – slowly then quickly.”
Comedy if you are a banker, tragedy if you are a greek worker. At least for now..
"I still think this ends in default for Greece and that tomorrow is a potential date..."
Sever on Monday?
I understand the problem with the burden of all the public workers in Greece.......but can you imagine all the 1000's they are laying off, in that environment? That would be almost like the death sentence. Pack your shit and go off to the hillside to die I guess.
Of course we have the same problem here in the US. It's a group that refuses to join the depression. "You keep paying property tax so I can get paid or we'll sell your house". That's exactly how it works. So at times im like screw you people. They really need to put an end to that crap. The courthouse should be a litte tin building with about 5 people working in it and whatever they can't handle needs to be eleminated. Not some monstrous polished grainite multi-gazillion dollar building with multiple floors of tax collection specialists.
Default and then print your own Drachma without a central bank. In a couple of years you will be right as rain again and the envy of the rest of the countries that stayed in the Euro zone. That is, right up until NATO attacks because you have been declared a terrorist state.
Greece needs to take a page out of our banks playbook. Make itself too big to fail, and their problems are solved. It probably too late, but they should have been levering up as much as possible, tying in to swaps, and threaten default and bring the whole fucking system down. Just like Goldman, JPM, etc. did here.
Oh, and Spain, Italy and Portugal better be taking notes. Become TBTF before it's too late!!!!
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