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I like the last comment the best. This situation will devolve very very quickly. And what comes out of it is not what people will want. While I am not happy about this house of cards. I am much less enthusiastic with the alternative.

Look we are not going to agree, but for you to think that an implosion and letting the chips fall where they may will result in only 18 months of pain is not understanding the problem at all. I think we should just agree to disagree here because no amount of debating and discussion will budge...

Huh? Canada had exports that picked up the slack? http://www.canadainfolink.ca/charteleven.htm Add up the numbers and there is a slight overhang in exports. It is by no means enough to drag a country from the edge. If Europe and America go down NOBODY will survive. The results of this...

Of course the EU will survive.. Can you give me a basis on why this is all over? Logical, and economical please. No rants

No I am sorry Canada of then is exactly the same scenario as Greece now. I know because I went through it.... In 1992 I graduated from one of the best engineering schools in Canada. 30% of my class had jobs. The rest had to fend for themselves. My wife and I moved to Europe because after a...

Actually those are other good examples; Turkey and Latvia... In fact Turkey is a really good example.

1992 Canada was straddled with a HUGE debt. http://www.ceocouncil.ca/publications/pdf/test_30dd0c34e63476e0c210dcb92dc9d4c0/JUN_9_93_ENG_Canada_s_Looming_Debt_Crisis_And_How_It_Can_Be_Avoided.pdf Read the first paragraph. Read how Canada was struggling with a horrible debt problem. One of...

Ok you are DREAMING.... 18 months to right the system after a crash... Try 10 years! If the G20 were to default on all debt the entire system would grind to a halt. This is what I always see when people say, "oh just let the die fall where it may". They think they will be ok, but having...

Oh now this is helpful. So what you are saying is that people can't change? Interesting because you have just started a very slippery slope argument. I have witnessed several countries where people did change even though they did not initially want to. I want to spin this in another...

Can you use facts instead of spewing? Because this is spewing. After the topic was Greece... And if you feel the Muslims are a threat to the Europe, good for you. BUT START YOUR OWN THREAD ok...

Nope... Sadly I don't have a rich uncle ;)...

Ok so the people demonstrate complain yell and scream. What else are they going to do? People will come to their senses at the end of the day... I have seen it several times that when people are confronted with the reality they first get angry, vent, and then accept their predicament...

I have been a very very vocal critic of Greece and how I thought they were incapable of tightening their belt. Well I stand corrected! Greece from what I see I have to say, “thank-you you are showing the kind of metal you are made off. As a Eurozone citizen I am impressed and will support...

For the moment consider the following: You play a game where there are two players, and a third that flips a coin. For each heads the flipper puts a dollar into the pot. The other two parties are now going to bid and ask. Say we have ten flips, then using probabilities there will be 5...

When I saw that happen it was then I started buying Greek Bank Call Options... Not crazy enough to buy stocks. The banks would be punished to the point of no return and there is no way that the ECB and Euroland would let Greece go under. Of course everybody will get their pound of Greek...

This move to rate Greece as junk is going to alienate the EU from the rest of the world. Now there will be no way that Greece will default. The Europeans will look at this and shake their head. It seems that the *American* rating agencies are having it against the Europeans. There will be no...

Ok so now that the pressure is coming off Greece, we must start the pressure on Portugal, Spain and Ireland... And the reason for going after Portugal? I was reading in Bloomberg it was due to fact that GDP is not growing fast enough... Give me a freaken break. As much as I am to bash and...

I don't agree with this. First why were you selling puts? Even if you calculate the risk you should have known that puts are deadly as the equity skew is to the downside. Next, I always have little losses when selling premium. I sell premium as a day job. This means I am ALWAYS watching the...

One more thing, want to know why Greece is up the crapper and very few Europeans are wanting to help? Answer: Greece has not built up European ties... Sure Greece is in the EU, and sure Greece delivers some products. But by and large Greece is on its own in terms of two way ties. Sure you...

Yeah you are right... I know nothing about this. Absolutely zip zilch zero... However, I happen to be a German citizen and have been living in Europe for the past 15 years! So let me pick apart your arguments! First Germany HAD to do dick squat! Kohl went along because Kohl was a...