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There is always money for t-bills. When/if there's no money for t-bills, you're already dead.

Nah, not ES so much and not biotechs... No idea what happens to those.

Well, lemme ask you a simple question... 1) If the European project unravels completely after Greece leaves, what assets do you want to own? 2) If the European project gets stronger as a result of booting the worst of the "bad apples" (Greece) out, what assets do you want to own? As to...

DAX is going up, 'cause it's the best hedge for Grexit/risk-off... It makes total sense to buy it.

Absolutely no doubt about that in my mind...

Indeed, hence in the interest of making sure that the European project survives, it may actually be optimal to let Greece go, as a way of making an example. However, even if that were to happen, the flaws of the European project and the lack of foresight that the Eurocrats have persistently...

I actually agree w/volpunter on many of his/her points. It's hard to not blame the Greeks for persistently taking a piss for years and years. I also happen to agree with Tsing somewhat, in a sense that maybe the Eurocrats should have cut the cord a long time ago, but, on the other hand, they...

Countries don't default on t-bills, normally. T-bills are sacrosanct, in most cases. The whole point, I think, is precisely that they want the new Greek govt to know that, if they fail to agree, there will be no alternative to Grexit, since all sorts of bad things will happen. Just so the...

Nah, these are mostly t-bills that the Greek banks own, so it's not a default concern. Essentially, if true, the ECB, in its regulatory capacity, will ensure that, if negotiations fail, Greece has no wiggle room. It's just another message sent by the European authorities to the Greek govt...

BBG support, once you go past the front lines, is fantastic, like nwm sez...

Yeah, maybe they're guilty of stupidity and maybe they've been giving us the whole holier than thou act a bit too much. But I can also imagine that, instead, they have been really buying themselves time to ring-fence Greece, salvage what remains of the European project and, God forbid, maybe...

Hahaha, I am happy to discuss the Fed, as well, as you know... On Greece, if you want me to be honest, I don't really see what the argument is all about (other than volpunter throwing toys out of the pram, as usual). I think you're both, basically, right. Yes, the Greeks have been...

Ye, all good, mate, no issues... I will leave you to your fun!

Been busy, sire, is all... And f*ck, no, it wasn't me in Glasgow. Glasgow? 50 Shades of Grey? I mean, honestly, I am a little sad that you think of me this way.

Ooooh, this discussion sure looks like fun... I been missing out, it seems.

The headline 2.2% number refers to real GDP QoQ SAAR. The nominal number for the same period was 4.5%. Had real GDP QoQ been negative again, there would have been no discussion of Japan exiting recession.

ZH sure does publish some damn funny sh1t sometimes...

There are some threads on this already... It's hard to do, in your context.

I was talking about Abenomics, which is supposed to be more than just Kuroda. However, it is, indeed, a bit different, now that Kuroda has decided to go quite a bit more "nucular". I am concerned that the risk of it getting out of hand are now higher. As to Abenomics being an "unmitigated...

The part about Kuroda, you mean? Like I said, I think he now believes that he just needs to rock the boat as hard as he can. Obviously, rocking the boat hard is a risky strategy. I guess he must think that doing something, even if it's risky, is better than nothing, given Japan's situation...