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 Replies: 8 / Views: 1,278 |
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Valued Member
175 Posts |
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Pillar of the Community
United States
667 Posts |
The one thing I can really agree on but can not give you true fact based reason - bad things happen in the fall to the financial market when it does go bad.
I often dread the months of September and October.
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Pillar of the Community
United States
830 Posts |
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At this point the EU essentially has three choices. It can choose much deeper economic integration (which would mean a huge loss of sovereignty), it can choose to keep the status quo going for as long as possible by providing the PIIGS with gigantic bailouts, or it can choose to end of the euro and return to individual national currencies. I think he's missing one important option for the Euro, (and the one I think France and Germany are already planning) that is kicking the PIIGS out or at least the ones that can't cut it. What would be left would be strong, maybe too strong for exporting. |
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Pillar of the Community
United States
1450 Posts |
I find it interesting that all of the financial"pundits"keep chanting that we are not revisiting 2008. It appears to me that that is exactly where we are. So,is deflation on our doorstep? If so,what do we do,hold PMs or hoard dollars? I don't really believe any of us can reasonably assess where we are because we never get "real"data or information. I think I will just maintain my balance between dollars and PMs and try to sleep at night!
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Pillar of the Community
United States
830 Posts |
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#18 If something goes wrong with the Greek bailout, Greece is financially doomed. Just consider the following excerpt from a recent article by Puru Saxena....
In Greece, government debt now represents almost 160% of GDP and the average yield on Greek debt is around 15%. Thus, if Greece's debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece's economic output will be gobbled up by interest repayments!
I've heard that Greece has defaulted on its debt about 10 or 12 times before so I'm thinking they are getting pretty good at it.  According to some kicking them out of the Euro would be the best for them too, that way they can print enough currency to maintain the life style they have become accustom. Edited by GoThunder
09/01/2011 9:00 pm
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Valued Member
United States
302 Posts |
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I think he's missing one important option for the Euro, (and the one I think France and Germany are already planning) that is kicking the PIIGS out or at least the ones that can't cut it. That is exactly what Germany has been planning since the inception of the Euro. Bring as many countries into the Euro club as possible. Then when the weak ones default, rape and pillage their assets, then kick them out, basically leaving countries like the PIIGS as slave states to their "conquerors." Essentially, from day one the Euro has been nothing more than a well-planned financial war against the weaker countries. And like any war, the spoils go to the victor, and the losers wind up as slaves. I agree that the most important option was left out. The strong countries keep the Euro and the others get marginalized as slave states or get kicked out. My guess is that Greece won't get kicked out because of her strategic location on the Mediterranean. However, Greece will have no choice but to give up all sovereignty and lose all control of her economy. |
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Pillar of the Community
United States
830 Posts |
I'm not sure there will be any assets to pillage.
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Pillar of the Community
United States
5833 Posts |
Maybe Greece will change their workers retirement age beyond 50, and without 100% salary compensation at retirement.
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Pillar of the Community
United States
4008 Posts |
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The one thing I can really agree on but can not give you true fact based reason - bad things happen in the fall to the financial market when it does go bad. This is historically accurate. Sept and Oct are the months wherein the big mutual funds and hedge funds do their final selling and buying in preparation for the year ending. They report their annual results, usually in mid-Dec and they want to clean up their balance sheets, sell off their losers and roll more cash into their winners. When the whales are jumpin' it makes life difficult for us minnows! Best technique I have used is to anticipate this typical (but not guaranteed) behavior by selling shares in the June-July time, wait for about mid-Sept. and then buy back in during the mid-Sept to Oct time frame. If there is a Santa Claus rally, then this will usually capture the bulk of it. If not, then keep your stops close to your buy prices. |
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Replies: 8 / Views: 1,278 |
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Posted 09/01/2011 5:52 pm
