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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (60915)	2/9/2010 8:11:39 AM
From: Cactus Jack	Read Replies (1) \| Respond to of 218851

That would be a huge "wow". At this point, I guess nothing would surprise me, but my fear is that I'll be surprised by the magnitude anyway. jpg

To: TobagoJack who wrote (60915)	2/10/2010 12:18:24 PM
From: elmatador	Read Replies (1) \| Respond to of 218851

Greece? Just a Side Show if the U.K. Defaults seekingalpha.com Greece needs to raise ~55 billion euros this year – in the last auction the country received bids for almost 25 billion. As a percentage of GDP, Greece’s budget deficit is close to 12% – although we doubt that all the debt has been counted. As a comparison, the IMF estimates the U.K. budget deficit to be 13.3% of GDP. Not too bad…until one considers that U.K. GDP is $2.3 trillion! This is why we are worried about the U.K. service sector rolling over. If the U.K. economy cannot mount a sustainable recovery then the ability to sell debt could be severely compromised. As the market is now focused on Portugal and Spain – they too will be sideshows once the market focuses on the U.K.