Euro Panic around the Corner....

Achilles was simply early in his call. We are literally right around the corner.

This is the "deep breath before the plunge".
 
Quote from oldtime:

why don't you stop posting smiley faces and start posting panic links, I'm bored and I don't like it when I don't have something to worry about

CYA
I'll bump you next Friday so you can show the world my stupidity
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Please do :D :D :D And bump the Friday after that, and after that. This has the beginnings of an epic thread because like TsingTao mentioned, Euro fundamentals - like America - are toast. Done for. Something tells me you lack the mental horsepower to grasp the finer points. Take Greece, for example. Greece is still running a 9% deficit to GDP. Total economic contraction from peak to trough (running), is 22%. Drug shortages are common. Bread lines are showing up. Riots are nearly an everyday thing. By election, Syriza - the anti bailout party - went from 6% > 17% > 26% of the popular vote (within 3% of the victorious anti bailout party, last sunday). Care to draw a trendline? Greece will be forced to balance their budget. That's another 14% GDP contraction, from today (9% x 1.6 fiscal multiplier). Care to do the math on that? Economically, and socially?

Spains fundamentals are similar. Italy fairs marginally better, but look at their sovereign paper. Another 750 Billion euros was pledged last week to buy their debt on the secondary market to get yields down. Know how much Italy is paying on debt interest? 5% of GDP. No, not 5% of their budget. 5% OF GDP. How does this bailout (#4, or is it #8...? hard to tell, these dayz) solve the problem? Where is the money coming from? Monetization or taxation (or are they both the same?)? How will this sit with the voting German public, who are already irate at the specter of bailing out even more of their bankrupt cousins? Maybe you can enlighten us, OldTimer, since you're so knowledgeable on the subject? :D
 
Quote from achilles28:

Breadlines forming in Greece....

Starving Greeks queue for food in the thousands
http://www.dailymail.co.uk/news/art...lly-form-coalition-government--long-last.html
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Cretan farmers handed out some 2,700 10-kilo packages of produce, in cooperation with the capital's municipal authorities.

Among the people lining up was Panayiota Sidera, 31, from Athens. She said she has been unemployed for two-and-a-half years and her husband is also out of a job. The couple is living on a (euro) 250 monthly disability pension and rent from an apartment they own, and has a (euro) 540-a-month loan installment to pay.

‘That's my predicament,’ she said, adding that the food handout ‘is helping people, and I'm grateful.’
‘The government should have been doing this years ago,’ she said.
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dumb lazy <del>fucks</del>..they still don't get it..it is the FARMERS,who DONATE the food,not the <del>fucking</del> government. and your government did give you free money for a very long time..that's why you in the deep shit today. maybe you should grab your fat <del>ass</del> and start working for those farmers or became one, like my man roggers suggest americans some time ago..i think old man is right after all. US will be in same <del>shit</del> and everyone will be on his own. time to grab some land,before it's too late..
 
Quote from oldtime:

sorry, I got busy yesterday, and I didn't want to rub it in your face.
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oh shit man, sorry, wrong again, I guess I did bump you yesterday, that seemed like a week ago

let me know when the "panic" starts

I'm short CHF in my forex account, but I'm probably about 15% invested in Europe in my conservative account.
 
Quote from oldtime:

oh shit man, sorry, wrong again, I guess I did bump you yesterday, that seemed like a week ago

let me know when the "panic" starts

I'm short CHF in my forex account, but I'm probably about 15% invested in Europe in my conservative account.
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Don't forget to add to your Spanish and Italian banks. Spanish and Greek REITS are a great buy, too! :D
 
Quote from achilles28:

Don't forget to add to your Spanish and Italian banks. Spanish and Greek REITS are a great buy, too! :D
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I don't know about the banks, but I would tend to agree with you on the REITs
 
Roubini: Two Futures for Europe; Political Union or Disintegrate

<iframe width="560" height="315" src="http://www.youtube.com/embed/yVyrkB8aRhI" frameborder="0" allowfullscreen></iframe>
 
Quote from achilles28:

Roubini: Two Futures for Europe; Political Union or Disintegrate

<iframe width="560" height="315" src="http://www.youtube.com/embed/yVyrkB8aRhI" frameborder="0" allowfullscreen></iframe>
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It aint that controversial. Even Allan Greenspan said, "It was a nice experiment while it lasted."
 
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