odiousgambit
odiousgambit
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July 6th, 2015 at 2:18:37 AM permalink
It wasn't even close

Look for buying opportunities today. Dow futures down less than one percent now however. Bonds, we shall see; might want to sell some.



http://money.cnn.com/2015/07/05/investing/greece-referendum-markets/index.html
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
FleaStiff
FleaStiff
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July 6th, 2015 at 2:41:54 AM permalink
When will Puerto Rico declare bankruptcy?
ThatDonGuy
ThatDonGuy
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July 6th, 2015 at 5:52:18 AM permalink
USA will cut a deal with Greece; we'll bail them out by buying all of Greece's claims to the word "democracy" so the government would have the right to define the word however it wanted.
Sabretom2
Sabretom2
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July 6th, 2015 at 5:53:39 AM permalink
2% of the European economy. Plenty of headlines. Just another socialist failure. No money to be made here unless day trading. Discounted weeks ago.
TwoFeathersATL
TwoFeathersATL
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July 6th, 2015 at 7:05:58 AM permalink
Quote: Sabretom2

2% of the European economy. Plenty of headlines. Just another socialist failure. No money to be made here unless day trading. Discounted weeks ago.


Could the US just buy Greece, with money we borrow on credit from the Chinese?
Have our extremely efficient gubment re-structure the economy focusing on tourism from the Chinese?
Wouldn't that be best for everyone?
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
TwoFeathersATL
TwoFeathersATL
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July 6th, 2015 at 7:16:32 AM permalink
Quote: odiousgambit

It wasn't even close

Look for buying opportunities today. Dow futures down less than one percent now however. Bonds, we shall see; might want to sell some.



I think the good buys over the next week or so might be 'in Greece' with cash, USD or Euro.
How much are twenty year old Greeks going for anyway? .......;-)
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
DRich
DRich
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July 6th, 2015 at 7:31:59 AM permalink
I am looking forward to a trip to the Greek Isles. Hopefully they go back to the Drachma and the Dollar is worth a lot. I am in need of a cheap beach vacation.
At my age, a "Life In Prison" sentence is not much of a deterrent.
odiousgambit
odiousgambit
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July 6th, 2015 at 7:45:57 AM permalink
It may be Rubles you encounter. Those are devalued a bit too now though.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
bobsims
bobsims
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July 6th, 2015 at 8:29:18 AM permalink
Quote: Sabretom2

2% of the European economy. Plenty of headlines. Just another socialist failure. No money to be made here unless day trading. Discounted weeks ago.



Forty straight years of progressive fairy-tale economics. As Thatcher said "eventually you run out of other people's money".
Don't worry though it won't happen here. Our trillion dollar deficits are completely sustainable and conducive to a healthy economy.
TwoFeathersATL
TwoFeathersATL
Joined: May 22, 2013
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July 6th, 2015 at 9:36:32 AM permalink
Quote: bobsims

Forty straight years of progressive fairy-tale economics. As Thatcher said "eventually you run out of other people's money".
Don't worry though it won't happen here. Our trillion dollar deficits are completely sustainable and conducive to a healthy economy.



I was watching a video clip from Greece, I definately saw a 'stars and bars' confederate battle flag in the crowds.
Perhaps NATO should invade, in mass force, to put down the internal insurrection.
I mean, you got to attack terrorism in your own alliance, don't you?
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
charliepatrick
charliepatrick
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July 6th, 2015 at 9:49:38 AM permalink
The news here has been discussing that on one hand if they let Greece leave the Euro they'll never get any money back, or whether the major Euro players should inject cash to support the banks and hope to get something back. Surely at some stage you have to say enough is enough, and that will be the decisions the politicians will be making this week - luckily there isn't an obvious election coming up so these should be logical rather than a short term measure to win votes. All I can say is I'm glad the UK isn't in the Euro.
NYSith
NYSith
Joined: May 2, 2015
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July 6th, 2015 at 10:32:43 AM permalink
Quote: FleaStiff

When will Puerto Rico declare bankruptcy?



I went and looked that up, they owe $73 Billion. The article painted a bleak outlook for Puerto Rico.
TwoFeathersATL
TwoFeathersATL
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July 6th, 2015 at 10:35:40 AM permalink
Quote: charliepatrick

The news here has been discussing that on one hand if they let Greece leave the Euro they'll never get any money back, or whether the major Euro players should inject cash to support the banks and hope to get something back. Surely at some stage you have to say enough is enough, and that will be the decisions the politicians will be making this week - luckily there isn't an obvious election coming up so these should be logical rather than a short term measure to win votes. All I can say is I'm glad the UK isn't in the Euro.


See, you've been watching the news. Do you trust the news?
Did you watch any of the 'huge amount' of other voices, and video?
You should know the 'news' exists to get you to watch the commercials..
Just saying.....
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
odiousgambit
odiousgambit
Joined: Nov 9, 2009
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July 6th, 2015 at 10:49:39 AM permalink
Quote: TwoFeathersATL

I was watching a video clip from Greece, I definately saw a 'stars and bars' confederate battle flag in the crowds



just to clarify, I doubt that you mean the stars and bars, which was the Conf. National flag - similar to the stars and stripes

to generically refer to the battle flag design, you would say the St. Andrews cross, or 'the saltire' pronounced salt-teer
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
HowMany
HowMany
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July 6th, 2015 at 11:25:09 AM permalink
Quote: bobsims

Forty straight years of progressive fairy-tale economics. As Thatcher said "eventually you run out of other people's money". Don't worry though it won't happen here. Our trillion dollar deficits are completely sustainable and conducive to a healthy economy.



+1
TwoFeathersATL
TwoFeathersATL
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July 6th, 2015 at 11:25:45 AM permalink
Quote: odiousgambit

just to clarify, I doubt that you mean the stars and bars, which was the Conf. National flag - similar to the stars and stripes

to generically refer to the battle flag design, you would say the St. Andrews cross, or 'the saltire' pronounced salt-teer


I do know the Confederate Flag that I'm talking about.
I grew up with it.
If I didn't get the terninaligy exactly correct, I apologize to everyone that read my post, even you.
'You' knew the flag I referred to, and 'you' still do...
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
odiousgambit
odiousgambit
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July 6th, 2015 at 11:42:01 AM permalink
Quote: TwoFeathersATL

I do know the Confederate Flag that I'm talking about.
I grew up with it.
If I didn't get the terninaligy exactly correct, I apologize to everyone that read my post, even you.
'You' knew the flag I referred to, and 'you' still do...



I don't know if we should try to out-do each other with our Reb credentials, but I do know people misuse the term "stars and bars" which I assume you did as well. This does not help your bonafides, sir, but if you are somehow to be given pardon for such misuse of terms I bow to your charitable associates and you may have the last word on the matter.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
charliepatrick
charliepatrick
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July 6th, 2015 at 3:51:06 PM permalink
Quote: TwoFeathersATL

See, you've been watching the news. Do you trust the news?
Did you watch any of the 'huge amount' of other voices, and video?
You should know the 'news' exists to get you to watch the commercials..
Just saying.....

I don't know how it works in the US but we have a range of newspapers who range from biassed to the left to biassed to the right - so in theory you could gauge the news (or know which bias your paper has). There are also numerous TV channels but we only have a few that do the news - you have News At One, News At Ten, as well as the BBC 24-hour news channel. Some of the respected reporters aren't biassed, so you can sometimes find a fair view. I guess it's the same with NBC, ABC etc. but I wouldn't know. btw BBC has no adverts, though ITV, Ch4, Ch5 do.
djatc
djatc
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July 6th, 2015 at 4:15:16 PM permalink
Socialism sounds great. It's like going to a party where the rich kid supplies everything and I just have to bring myself. When this party ends, I will find another party down the block with another rich kid. Rinse and repeat.
"Man Babes" #AxelFabulous
RogerKint
RogerKint
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July 6th, 2015 at 4:39:07 PM permalink
Quote: djatc

Socialism sounds great. It's like going to a party where the rich kid supplies everything and I just have to bring myself. When this party ends, I will find another party down the block with another rich kid. Rinse and repeat.



I wannabe that rich kid, tho!!!
100% risk of ruin
Face
Administrator
Face
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July 6th, 2015 at 4:51:19 PM permalink
I've a serious question, though with not much purpose...

Greece is bankrupt, Spain not far behind. The US is trillions in debt, as is, well, name a country. They're probably in debt, too.

So... who has the monies? It's just one closed system... how can everyone be negative?
The opinions of this moderator are for entertainment purposes only.
JohnnyQ
JohnnyQ
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July 6th, 2015 at 6:12:49 PM permalink
Quote: Face

I've a serious question, though with not much purpose...

Greece is bankrupt, Spain not far behind. The US is trillions in debt, as is, well, name a country. They're probably in debt, too.

So... who has the monies? It's just one closed system... how can everyone be negative?


At least for the US of A, I think all the Treasury Bond holders have some of that.

But I wait for some of the deep thinkers to weigh in and clarify. Also, do "future" obligations count as debt on the current books ?

Now, regarding Greece. Economies are built on jobs, mfg, service, or otherwise, right ? So NOW what corporation would want to invest in Greece and create jobs there, which I think is the only way out of their predicament of high unemployment.
There's emptiness behind their eyes There's dust in all their hearts They just want to steal us all and take us all apart
odiousgambit
odiousgambit
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July 6th, 2015 at 6:34:55 PM permalink
Quote: Face

I've a serious question, though with not much purpose...

Greece is bankrupt, Spain not far behind. The US is trillions in debt, as is, well, name a country. They're probably in debt, too.

So... who has the monies? It's just one closed system... how can everyone be negative?



shhhh. Keep going and you will reveal the secret basic vulnerability of capitalism. To simplify it into one concept, you can just say for any bank, any bank, there must never be a run on the bank or it is ruined [without bailout]. The money is simply not there.

The credit default swap fiasco was a similar 'must never happen' scenario.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
JohnnyQ
JohnnyQ
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July 6th, 2015 at 7:03:32 PM permalink
Gotta Love Google.....

"Everyone The U.S. Government Owes Money To, In One Graph"



BUSINESS INSIDER Article
There's emptiness behind their eyes There's dust in all their hearts They just want to steal us all and take us all apart
rxwine
rxwine
Joined: Feb 28, 2010
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July 6th, 2015 at 7:21:30 PM permalink
Quote: odiousgambit

shhhh. Keep going and you will reveal the secret basic vulnerability of capitalism. To simplify it into one concept, you can just say for any bank, any bank, there must never be a run on the bank or it is ruined [without bailout]. The money is simply not there.

The credit default swap fiasco was a similar 'must never happen' scenario.



Quote:

In the shell game, three or more identical containers (which may be cups, shells, bottle caps, or anything else) are placed face-down on a surface. A small ball is placed beneath one of these containers so that it cannot be seen, and they are then shuffled by the operator in plain view. One or more players are invited to bet on which container holds the ball – typically, the operator offers to double the player's stake if they guess correctly. Where the game is played honestly, the operator can win if he shuffles the containers in a way which the player cannot follow.

In practice, however, the shell game is notorious for its use by confidence tricksters who will typically rig the game using sleight of hand to move or hide the ball during play and replace it as required

There's no secret. Just know what you're talking about before you open your mouth.
TwoFeathersATL
TwoFeathersATL
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July 6th, 2015 at 7:52:38 PM permalink
Quote: odiousgambit

I don't know if we should try to out-do each other with our Reb credentials, but I do know people misuse the term "stars and bars" which I assume you did as well. This does not help your bonafides, sir, but if you are somehow to be given pardon for such misuse of terms I bow to your charitable associates and you may have the last word on the matter.


We should probably not flaunt our 'Reb Credentials', taint that popular most places these days. My 'charitable associates' leaves me clueless but that isn't really unusual and it's getting worse ;-)
Cheers to you Sir!
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
24Bingo
24Bingo
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July 6th, 2015 at 8:06:41 PM permalink
Other countries have most of our bonds, but most of that comes from their bonds. The people who "have the money" - that is, the ultimate creditors - are by and large private investment funds. After all, if you had a credit card that would advance you cash at 0.3% APR, what would you do?
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.

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