Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KyrosL who wrote (73287)	4/23/2010 2:48:39 AM
From: Haim R. Branisteanu	of 74559

Thanks KyrosL, the rules in Greece can change, if there is the political will the union can be brought down - same as repealing Proposition 13 etc., As to California no one in Greece get a pension of over $100,000 a year - on the other hand plenty of CA state employees are collecting those amounts. Aside CA is an economy that is 5 to 6 times bigger than Greece. If there is the will Greece is very easy to bail out - not so CA. The main difference for the rating agencies is that IMHO Greece government are a bunch of wimps and clueless idiots let aside the issue of wide spread corruption. As to the rating agencies - it is a clear backslash of the US administration to the rumors of last year for eliminating the USD as a reserve currency. This administration sided with WS not for NO REASON aside from the issue of elections funds. It had to do with the US forced to issue close to 2 trillion in debt and they needed a strong USD to do so. WS was there to help for a price - not bringing to justice the thieves and swindlers running most of the financial institutions which were involved in the fraudulent actions before the collapse. ONe example why the Lehman Bank America and Merrill management are still walking free? Keep in mind that the US budget deficit except the various states is closer to 10% - 11% of GDP IMHO due to the various differences of opinion relating to the financial crisis and financial market regulation - it is reminiscent of the dissagreements after the great depression 80 years ago - we are de-facto in a economic war - see US Treasury letters to the EU

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next