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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.87-0.1%Dec 3 4:00 PM EST
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To: KyrosL who wrote (82029)10/24/2011 9:03:40 AM
From: TobagoJack1 Recommendation  Read Replies (2) of 218166
 
the wrong kind of folks are birthing, more would only make the situation worse than bad, especially if they vote

usa manufacturing? let us watch but not bother briefing, for history goes forward, not back

in the mean time, just in in-tray, says greece is done for

From: R
Sent: 2011 10 24 8:48 PM
Subject: Re: Comments - Week of October 24

Had dinner with my Greek friends over the weekend. One said she is finally concerned. Her relatives are just hunkered down, not going out aside from the necessities. One niece works for a French bank and is still working. One friend owns a stock brokerage for Greek issues - ouch.

As for real estate, there is some law that apparently prevents foreclosure on principal residence based on some ratio, something like 150 sq m per family of 2. So if there is a default, the lender can only foreclose on the mansions, or rental properties.

The austerity plans are so screwed up that in another case cited, a low level worker who is struggling with a E800 per month salary found out she has a tax burden of E600 per month. Do they really expect her to pay it?

It sounded to me that for all practical purposes, Greece has fallen.
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