Article

2010-02-08 Europe

Deutsche Bank And Unicredit Pull Out Of Greek Repo Market,

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Posted by tipper 2010-02-08 09:03|| || Front Page|| [11132 views ] Top

#1 Being Greek is going to be like the euphemism called Greek.

Posted by Bright Pebbles 2010-02-08 13:52|| 2010-02-08 13:52|| Front Page Top

#2 A new acronym,

PIIGS

Portugal, Italy, Ireland, Greece, Spain, in reference to their debt (government bonds).

Posted by phil_b 2010-02-08 16:00|| 2010-02-08 16:00|| Front Page Top

#3 Watch Greece carefully. That is the US in 20-30 years if we don't get Medicare, Social Security and the general socialist trend of the country addressed soon.

Posted by Nimble Spemble 2010-02-08 16:27|| 2010-02-08 16:27|| Front Page Top

#4 That is the US in 20-30 years

We're being optimistic NS?

Posted by g(r)omgoru 2010-02-08 16:59|| 2010-02-08 16:59|| Front Page Top

#5 Spain
Turkey
United kingdom
Portugal
Ireland
Dubai

Posted by Bright Pebbles 2010-02-08 18:00|| 2010-02-08 18:00|| Front Page Top

#6 That is the US in 20-30 years

Try 6 to 12 months.

Once default looks inevitable for Greece, and IMO it is already (baring a German bailout), the effect will cascade for all sovereign debt. Interest rates will climb steeply for all countries that have the potential for future default.

And as interest rates climb the point of no return to default comes rapidly closer to the present. The slippery slope gets steeper and steeper.

We are already at the point where the US is buying most of its own debt cos no one else will buy it. Ditto the UK. This temporarily and artificially suppresses interest rates at the cost of future inflation.

A country buying its own debt, which means printing money to do so, will inevitably lead to hyperinflation, but I repeat myself.

Posted by phil_b 2010-02-08 18:02|| 2010-02-08 18:02|| Front Page Top

#7 I'm waiting for Barry in the finest traditions of FDR, to issue an Executive Order prohibiting the private ownership of GOLD and precious metals. Everyone knows GOLD ownership has become the domain of the evil rich and famous who have wildly inflated it's true value ($ 415. per ounce) and created undue hardships on the working and non-working classes.

Posted by Besoeker 2010-02-08 18:50|| 2010-02-08 18:50|| Front Page Top

#8 Beware of Greeks bearing debt.

Posted by DMFD 2010-02-08 19:09|| 2010-02-08 19:09|| Front Page Top

#9 See also BHARAT RAKSHAK > DEUTSCHE BANK SAYS:GREECE "DRESS REHEARSAL FOR THE US".

* SAME > TWENTY [Made-In-America] REASONS GLOBAL DEBT BOMB WILL EXPLODE SOON | WHICH WILL TRIGGER THE GREAT DEPRESSION II.

* SAME > TEN REASONS WHY OBAMA IS FAILING INVESTORS, + THERE BUT FOR THE GRACE OF GOD GOES BRITAIN.

NUTSHELL > IOW, Britain needs a ROSWELLIAN/SEVERE-IS-BEING-POLITE BAMMER BAILOUT, espec iff it hopes to avoid the econ chaos which in LT may devol into LONDONISTAN, BRITANISTAN, ANDOR EURABIA???

Posted by JosephMendiola 2010-02-08 21:56|| 2010-02-08 21:56|| Front Page Top

#10 *** cough *** cough ***... Once more, Boyz, wid feeling, IRELAND STANDS ALONE, agz future post-WOT, post-OWG Britanistan + Europistan.

[DANNY BOY, MOTHER MCCREE themes here].

NO? "IRISH SPRING" TV commercial Babes???

Posted by JosephMendiola 2010-02-08 22:01|| 2010-02-08 22:01|| Front Page Top

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