Indeed, for instance Montenegro adopted the euro without participating in the european system of central banks.
http://en.wikipedia.org/wiki/Central_Bank_of_Montenegro
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Global Macro Trading Journal
- Thread starter Daal
- Start date
Indeed, for instance Montenegro adopted the euro without participating in the european system of central banks.
http://en.wikipedia.org/wiki/Central_Bank_of_Montenegro
Quote from Ghost of Cutten:
Is there any reason why Greece needs to be forced out of the Euro if they run out of money? Why couldn't Greece default on 100% of their debt and keep the Euro, for example?
P.S. The angle of the 'kicking the can down the road' rally is probably going to be sharper (and 'delay default' is a more concise, meaningful, and attractive phrase).
ECB orthodoxy might force Greece out, thats the risk case in my view. If they default the ECB will lose so much money that they will be able to claim they can't provide liquidity anymore because they are not in the business of taking credit risks
http://marginalrevolution.com/marginalrevolution/2012/05/the-money-pump-sentences-to-ponder.html
Its a hard call to make, specially given that I don't follow the ECB or EU politics as closely as in the US. I'm going to be cautious
unless they demand to be out, it look's like greece will stay in ,possibly cheaper at the moment ,a bank walk, than a bank run http://www.cnbc.com/id/47513542
Ackman's JCP presentation from the other day ...
http://www.scribd.com/doc/94429141/Bill-Ackman-s-Ira-Sohn-JCP-Presentation
http://www.scribd.com/doc/94429141/Bill-Ackman-s-Ira-Sohn-JCP-Presentation
NFLX fully Tilsoned. Red on the year. Considering "Whit" doubled down on the shares somewhere around $80-90, he's managed to lose a lot more on the play than if he just bought and took a vacation.
I'll add as an aside that we tried the Netflix streaming service and it's worthless. We have neighbors who feel the same way. Don't know anyone who hasn't cancelled after a few months. It works great - trouble is there's very little of viewing interest available.
I'll add as an aside that we tried the Netflix streaming service and it's worthless. We have neighbors who feel the same way. Don't know anyone who hasn't cancelled after a few months. It works great - trouble is there's very little of viewing interest available.
Quote from ralph00:
NFLX fully Tilsoned. Red on the year. Considering "Whit" doubled down on the shares somewhere around $80-90, he's managed to lose a lot more on the play than if he just bought and took a vacation.
I'll add as an aside that we tried the Netflix streaming service and it's worthless. We have neighbors who feel the same way. Don't know anyone who hasn't cancelled after a few months. It works great - trouble is there's very little of viewing interest available.
Can't you like watch all tv shows on demand with it?
Quote from Debaser82:
Can't you like watch all tv shows on demand with it?
I generally don't watch TV shows and wouldn't recognize one prime time offering if it was right in front of my face. I did look for The Wire though, and it wasn't available. The movie selection had nothing, mostly a bunch of B-level, straight to video crap.