Greeks Just Say No
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
Quote: Sabretom22% 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?
Quote: odiousgambitIt 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? .......;-)
Quote: Sabretom22% 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.
Quote: bobsimsForty 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?
Quote: FleaStiffWhen will Puerto Rico declare bankruptcy?
I went and looked that up, they owe $73 Billion. The article painted a bleak outlook for Puerto Rico.
Quote: charliepatrickThe 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.....
Quote: TwoFeathersATLI 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
Quote: bobsimsForty 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
Quote: odiousgambitjust 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...
Quote: TwoFeathersATLI 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.
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.Quote: TwoFeathersATLSee, 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.....
Quote: djatcSocialism 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!!!
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?
Quote: FaceI'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.
Quote: FaceI'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.
"Everyone The U.S. Government Owes Money To, In One Graph"
BUSINESS INSIDER Article
Quote: odiousgambitshhhh. 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
Quote: odiousgambitI 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!
