tag:blogger.com,1999:blog-6616959642391988608.post8190654033674741369..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Prepare for a Greek defaultScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6616959642391988608.post-66567390795998134212011-01-10T07:10:05.231-08:002011-01-10T07:10:05.231-08:00John:
Was it not you few weeks ago who pointed ou...John:<br /><br />Was it not you few weeks ago who pointed out that Italy was in fact the next Greece, with debt/GPD ratio of 118% as of December 31, 2010? BTW that 118% is slightly worse than Greece was 18 months ago...<br /><br /><br />Let the fun beginFrozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-2683123377623276742011-01-09T17:19:49.193-08:002011-01-09T17:19:49.193-08:00CBP,
I think you are severely misunderstanding t...CBP, <br /><br />I think you are severely misunderstanding the Euro crisis. Your indicators only show that markets think the EU can contain the damage of a default at Greece's borders, but need I remind you that even though the Housing bubble popped in 2006, it was not until 2008 that markets understood the extent of the damage. <br /><br />I don't know whether markets are right or not, AFoolsGamehttps://www.blogger.com/profile/17327245431457669832noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12362410863781161092011-01-09T17:16:51.746-08:002011-01-09T17:16:51.746-08:00This comment has been removed by the author.AFoolsGamehttps://www.blogger.com/profile/17327245431457669832noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41522869235110982692011-01-08T16:06:44.812-08:002011-01-08T16:06:44.812-08:00Public Library-
I do not think it is myopic or na...Public Library-<br /><br />I do not think it is myopic or naive to hold the position that a nation-state welching on its legal, contractual obligations in bond markets is a bad idea.<br /><br />Greek citizens could solve their problems just by developing a good tax code, and cutting outlays. Instead, they are set to say FU to bondholders who actually believed that sovereign debt was supposed to Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68065491680264413912011-01-08T10:17:28.553-08:002011-01-08T10:17:28.553-08:00John,
Hoping for a fairly robust recovery is just...John,<br /><br />Hoping for a fairly robust recovery is just that...<br /><br />hope is a good thing but can lead to disaster when you dont prepare for hope failing....<br /><br />the us economy is propped up by gov. money...<br /><br />China inflation will kill the global hope rally..honestcreditguyhttps://www.blogger.com/profile/04753136939700776989noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-20424527871280645832011-01-08T07:57:17.664-08:002011-01-08T07:57:17.664-08:00Scott,
As usual, I think you have this pegged pre...Scott,<br /><br />As usual, I think you have this pegged pretty good. I doubt there is a portfolio manager on the planet that a Greek default/restructure would surprise. The bears will (again) say ______ is next and then ______, etc. and they may be correct. More than one periferal European country may need to resort to such but the problem is widely recognized and its nothing that has not Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6755679356737431272011-01-08T07:11:32.972-08:002011-01-08T07:11:32.972-08:00PS: Whatever happens in Greece, Spain, and Portuga...PS: Whatever happens in Greece, Spain, and Portugal will likely signal what might happen in the US states, starting with California...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-92084135412267772762011-01-08T07:09:06.279-08:002011-01-08T07:09:06.279-08:00A Greek default will be no surprise -- the world i...A Greek default will be no surprise -- the world is only now beginning to understand that the economic status quo is on a slippery slope -- the reality is more likely to be on the side to which the global economy falls, be that inflation or default -- in the final analysis, if the status quo fails (sustained moderate inflation, unemployment, and growth), then the preferred outcome will be McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11269950383610057162011-01-07T14:47:38.591-08:002011-01-07T14:47:38.591-08:00These and weather forecasts are right about 50% of...These and weather forecasts are right about 50% of the time.Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39716726840416421892011-01-07T14:43:45.686-08:002011-01-07T14:43:45.686-08:00Latest Greenspan quote.
"The probability tha...Latest Greenspan quote.<br /><br />"The probability that we will go through the next two or three years with no bond-market problems, no inflation problems, is probably better than 50-50," he said. "But not much."Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30166125363663863372011-01-07T14:38:42.914-08:002011-01-07T14:38:42.914-08:00Benji,
Such a naive and myopic view. If only Gree...Benji,<br /><br />Such a naive and myopic view. If only Greece could print as many unbacked IOU's as the US!<br /><br />Maybe the EURO is holding up against the greenback but is that a vote of confidence in the EURO, US, or neither?<br /><br />And whose next? These things are never contained. See Bernanke speech on the containment of the housing market bust.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51986473470420422482011-01-07T14:00:31.016-08:002011-01-07T14:00:31.016-08:00When sovereign nations welch on IUOs, it sets a ve...When sovereign nations welch on IUOs, it sets a very bad tone. This is not good.<br /><br />The citizens of Greece should be ashamed of themselves.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59753949627695359812011-01-07T13:47:13.528-08:002011-01-07T13:47:13.528-08:00So if this does come about, what is the best appro...So if this does come about, what is the best approach to profit?<br /><br />Is there a way that that an average investor can short Greek debt?DownSouthhttps://www.blogger.com/profile/01060412190845404089noreply@blogger.com