Why the Greek Vote Matters to America: Just Explain It

Known that for a long time. I would not want to be exposed to equity markets going into the weekend. If Syriza takes control, which given the whiny gimme gimme nature of many Greeks could easily happen, the markets will get kicked in the teeth next week. Obviously the reverse is also true, but I would rather miss out on some upside than risk downside. Downward moves tend to be more violent in nature.
 
Superfreak said:
Known that for a long time. I would not want to be exposed to equity markets going into the weekend. If Syriza takes control, which given the whiny gimme gimme nature of many Greeks could easily happen, the markets will get kicked in the teeth next week. Obviously the reverse is also true, but I would rather miss out on some upside than risk downside. Downward moves tend to be more violent in nature.
Click to expand...


Those crazy whiny Greeks. 23% unemployment build character.
 
The Dude said:
2 percent of Europe's GDP, it's over hyped so the big dog shorters can profit.
Click to expand...

The percent of GDP matters little. It is the amount of debt that matters. They are pushing ever closer to $1 Trillion. Not to mention the snowball effect into Italy and Spain.
 
General Buck Turgidson said:
Those crazy whiny Greeks. 23% unemployment build character.
Click to expand...

When you outspend revenue consistently... eventually your country has to take the pain. You like to pretend that the over spending can just continue on indefinitely without harm. It cannot. This is the one aspect of democracy that fails. As soon as people realize they can elect people that will promise them the world and deliver lavish benefits at the expense of future generations, they do. Then the future generations are left to clean up the mess. That is what you and your kind want to do in the US. 'money is cheap, keep on borrowing'... 'that zero percent rate on my credit card is awesome!'... 'I will max it out now at the low rate and magically come up with the extra money to pay for it later'
 
Superfreak said:
The percent of GDP matters little. It is the amount of debt that matters. They are pushing ever closer to $1 Trillion. Not to mention the snowball effect into Italy and Spain.
Click to expand...
And the holders will be raped like gm capital holders, Greece will not go to zero and they won't take us down.
 
The Dude said:
And the holders will be raped like gm capital holders, Greece will not go to zero and they won't take us down.
Click to expand...

Yes, the holders are going to take it in the shorts. As will the middle and lower income Greeks when Greece gets kicked out of the Euro (or voluntarily leaves) and devalues their currency. No, Greece itself won't go to zero... their debt may, but the country will simply devalue their currency and without the debt burden they will have full revenue to work with... not to mention they will become a cheap travel destination (and tourism is a major industry in Greece)
 
The Dude said:
Nothing new, the fat cats get off and he little guy pays. Just like king told Charlie sheen in platoon!
Click to expand...

Which is why we need to promote a strong dollar policy in the US. The left consistently proclaims they want to help the low and middle income families. Yet Obama, like Bush, has maintained a weak dollar policy. Which is moronic given that we are a net importer.
 
Superfreak said:
When you outspend revenue consistently... eventually your country has to take the pain. You like to pretend that the over spending can just continue on indefinitely without harm. It cannot. This is the one aspect of democracy that fails. As soon as people realize they can elect people that will promise them the world and deliver lavish benefits at the expense of future generations, they do. Then the future generations are left to clean up the mess. That is what you and your kind want to do in the US. 'money is cheap, keep on borrowing'... 'that zero percent rate on my credit card is awesome!'... 'I will max it out now at the low rate and magically come up with the extra money to pay for it later'
Click to expand...

It has benefited Germany massively to have countries like Greece in the Euro otherwise the exchange rate would have been much nearer that of the Deutschmark. It is an untenable situation though, if Greece stays in they are condemned to be in a downward spiral for perpetuity and if they leave there will be an economic crisis but Greece will recover eventually as tourists forgo Dubai and Turkey and head back to Greece for their hols.
 
Superfreak said:
When you outspend revenue consistently... eventually your country has to take the pain. You like to pretend that the over spending can just continue on indefinitely without harm. It cannot. This is the one aspect of democracy that fails. As soon as people realize they can elect people that will promise them the world and deliver lavish benefits at the expense of future generations, they do. Then the future generations are left to clean up the mess. That is what you and your kind want to do in the US. 'money is cheap, keep on borrowing'... 'that zero percent rate on my credit card is awesome!'... 'I will max it out now at the low rate and magically come up with the extra money to pay for it later'
Click to expand...


Nothing but noise.
 
Greece deserves whatever fall they get. Just like we did when we rejected the phony real estate bubble economy!
 
Last edited:
Superfreak said:
a very apt description of your board 'contributions'... can't rebut any of it, so you make the above type comment.
Click to expand...

I should point out that when the Euro was being set up Germany insisted on a Stability and Growth Pact clause in the Maastricht Treaty but with supreme irony it was the Germans and French who were the first to break it. So what kind of a message did that signal to countries like Greece?
 
Superfreak said:
a very apt description of your board 'contributions'... can't rebut any of it, so you make the above type comment.
Click to expand...


Right. You called the Greeks a bunch of whiners because they're a tad pissed that the elites of Europe are doing their level best to completely destroy their economy. When I pointed that out, your response is that the Greek people deserve what they are getting. I don't know that that merits any substantive response from me other than maybe pointing out that you're a genuine asshole and that you seem to enjoy the role.
 
You must log in or register to reply here.
Back
Top