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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (433178)6/26/2011 3:40:29 PM
From: skinowski1 Recommendation  Read Replies (2) of 794002
 
The best assets Greece has to offer will be sold for pennies on the dollar. It is tantamount to looting and pillaging after a war,

Buying Greek assets is probably risky, just as their bonds. The nation is volatile; some day they may decide to nationalize everything back. I wouldn't invest in Greece, unless the deal was good enough to compensate for the risk.

Slightly OT, speaking of prices, back in 1992 I traveled in Lithuania, during hyperinflation. The locals felt that prices were fantastically high -- but for hard currency holders everything was laughably cheap. Almost beyond belief cheap. That's the funny thing about hyperinflation - prices actually collapse when measured in anything which is perceived as a store of value.
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