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


To: Haim R. Branisteanu who wrote (86855)2/4/2012 7:26:24 AM
From: TobagoJack  Respond to of 220015
 
on some occasional e-mails that i am included as a cc i see some of the boyz e-mail addresses and was curious enough to make a cursory look-see

some of the boyz certainly are wealthy enough, other boyz famous enough, but so far none popped up as infamous, so must have made their nav somehow without overt cheating lying or otherwise hurting other people

the above aside,

(i) it is certainly true that greece shall miss some payments and / or part of the debt greece owes shall go 'vaporize', perhaps as early as march due date.

(ii) it is also true that the determination of cds-trigger shall be made by isda outfit (presumably also can be swayed by govts) as and when the greece situation plays out which ever way (missing payments and/or haircut) and when so, per isda determination, one or the other side of greece debt/cds holders shall get seriously hurt.

the uncertainty is how the crisis would play out because i have doubts that each iteration of the overarching crisis would play on the same script (dollar up everything else down)

march should be interesting, and the lead up to march could also be interesting.

i do not believe there would be any existential danger anywhere except in greece in march. but events should go highly uncertain everywhere in march.

there must have been a good reason for bac to have shifted its derivatives bomb to the retail arm that be govt insured ;0/

cheers, tj