Portugal next?

Is anybody arguing with the idea that what we are witnessing is the death of Socialism on a worldwide scale? I believe that is what we are seeing.
 
Quote from S2007S:

Even if portugal needs a bailout the markets will gap down 1-2% and trade higher after the bailout they said over and over again they didn't need actually comes and saves them just like greece, ireland the US and so forth.


At this point it wont make a difference, how many times have countries been saved over the last 2 years, this is just another hyped up non event.
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I agree. Governments around the world have committed to all-in, just like averaging down to your last dollar in a trading account. I'm genuinely frightened of what happens when there's a margin call and we can only speculate as to what might set things in motion, but I doubt the PIGS will be the trigger.
 
Interestingly, there appears to be rewards for the first of the PIIGS to tank. If the PIIGS are going down like dominoes in some cheezy analogy (:D), then the first one(s) will get the best bailouts. The "trailers" who unwisely do the best job of keeping themselves afloat ("Afloat? Didn't he just use the domino analogy?") may finally go bust only to find a dry well (!) waiting for them alongside a huge stack of newly printed regulations and commands.

Best to screw up spectacularly if you're going to fail. My my, hey hey. I don't agree with Neil Young much, but he appears to be spot on.

That's some well written writen' right there, by golly. Hic. Back to football.
 
Quote from TGregg:

"Kick the can down the road" is gonna be the overused phrase of the year.
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Yep.

We finally found someone to take the money from, who can't vote - the very young.
 
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