tag:blogger.com,1999:blog-6616959642391988608.post4623163400947868870..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Putting Greece into perspectiveScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-79420759731162370812011-06-18T05:45:02.474-07:002011-06-18T05:45:02.474-07:00Scott, you are right - if you believe in the Effic...Scott, you are right - if you believe in the Efficient Market Hypothesis. Do you? IMHO As we learned recently again the market is about future expectations but not about the future itself. <br /><br />The Euro/Dollar graph reminds me more of two giants falling in sync than of two stars ascending in sync.egphttps://www.blogger.com/profile/09006649426681539470noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32152795998701973812011-06-18T04:39:07.291-07:002011-06-18T04:39:07.291-07:00the true problem is not the austerity
but if you l...the true problem is not the austerity<br />but if you live on debt debt debt<br />over your real possibility...<br />like Greece<br />like US<br />like all of us...<br /><br />When I read the US Blogs<br />I'm Very worried<br />because I see that You CAN'T UNDERSTAND<br />You Can't...<br />And before or after<br />all of us will pay the bill...Stefano Bassihttps://www.blogger.com/profile/10312848279024469425noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27090449169342095052011-06-17T06:59:03.183-07:002011-06-17T06:59:03.183-07:00Greek 2-year bond yields are at 28.2%:
http://wjm...Greek 2-year bond yields are at 28.2%:<br /><br />http://wjmc.blogspot.com/2011/06/greek-2-year-yields-at-282.html<br /><br />Anyone still believe that austerity is working in Greece...?McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78598277171506977982011-06-16T11:35:25.858-07:002011-06-16T11:35:25.858-07:00no cost for you
because all the US is on based on ...no cost for you<br />because all the US is on based on DEBT DEBT DEBT<br />(same thig for the Europe etc etc)<br />the cost is not for you<br />but for your son<br />and so What's the problem? ;-)<br />Carpe Diem...Stefano Bassihttps://www.blogger.com/profile/10312848279024469425noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71790353500030450002011-06-16T04:45:39.175-07:002011-06-16T04:45:39.175-07:00What would it cost to buy Greece and make it the 5...What would it cost to buy Greece and make it the 51st state?? Can't cost all that much??Steve Fultonhttps://www.blogger.com/profile/17201413605319579983noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52589386934348510482011-06-16T02:51:01.926-07:002011-06-16T02:51:01.926-07:00Of course the problem in Greece isn't the size...Of course the problem in Greece isn't the size of its economy, but rather the size of the debt and the matter of who is exposed to it.<br />It is very Simple to understand....more simple than the subprime-trigger...;-)Stefano Bassihttps://www.blogger.com/profile/10312848279024469425noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24433731579172078542011-06-15T19:13:15.072-07:002011-06-15T19:13:15.072-07:00A Greek default will encourage more defaults all a...A Greek default will encourage more defaults all along Europe's southern flank...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33491510449775572582011-06-15T13:43:51.729-07:002011-06-15T13:43:51.729-07:00the small dimension of the greek economy is not im...the small dimension of the greek economy is not important<br />The trigger of suprime was much little...but you can see the consequences: the Bigger Crisis from 1929...<br />Is important the dimension of Debt<br />the derivatives on the debt<br />the weight on the balanche sheet of banks and BCE<br />and so on...<br />the Greece is small but can become a thriller-trigger...Stefano Bassihttps://www.blogger.com/profile/10312848279024469425noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79989007957739553852011-06-15T12:19:30.158-07:002011-06-15T12:19:30.158-07:00Makes perfect sense as the two economies at risk P...Makes perfect sense as the two economies at risk Portugal and Greece account for less than 5% of Europe GDP. Bring Spain (9%), Italy (11%) and things get interesting. But right now the reality is that Greece is a side show for Europe CDS market. Of course there's always the risk that Ireland, Portugal decided that the way of Greek default is the right course of action. <br /><br />HoweverFrozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25884053418355689842011-06-15T11:37:47.289-07:002011-06-15T11:37:47.289-07:00You ignore the domino effect on Portugal, Ireland....You ignore the domino effect on Portugal, Ireland...Spain...Italy<br />GIPSY WAY<br />and the domino Effect on USA Banking System (BofA, Citigroup in primis)<br />The market in this case go step by step, with possible big acceleration...Stefano Bassihttps://www.blogger.com/profile/10312848279024469425noreply@blogger.com