Silicon Investor (SI) -- The First Internet Community

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 : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (44705)	3/7/2012 8:27:19 PM
From: ggersh	1 Recommendation Read Replies (1) \| Respond to of 71454

" can we talk about what happened in early 1920s? ben bernanke can't stop talking about the '30s. but in 1920, '21, the economy fell off the cliff. nominal gdp was down 29%, wholesale prices collapsed by 40%. you know how the fed and the treasury re acted to this, the treasury balanced the budget and the fed actually raised interestrates. guess what, the depression ended. we keep on hearing this propaganda stick drum beat assertion that in order to get us out of our sorrows, the authorities, the high and mighty ones, must run immense deficits," How do they know that, Grant asks I'm a genius,Ben the mother fcuker says look at my thesis...... Not one word about it all being for the banks, and Maria is just a NYC girl who Can't Understand Normal Thinking I don't miss CNBC at all Grant is spot on, but misses in not saying who it benefits

To: Giordano Bruno who wrote (44705)	3/8/2012 3:04:43 PM
From: ggersh	Read Replies (1) \| Respond to of 71454

The country that wont go away.... Greek "Fresh Start" Bonds Face Immediate 80% Loss, 98% Probability Of RedefaultSubmitted by Tyler Durden on 03/08/2012 - 13:37 Bond CDS default Eurozone Fresh Start Greece Gross Domestic Product As 'news' breaks of over 80% participation in the Greek PSI deal and the apparent optimism that this is somehow a good thing, we note that our analysis of what would happen from two months ago was exactly spot on. As the FT reports, "financial markets were already betting Greece would default again in the future. Grey market “when issued” pricing for the 20 new bonds were ranging from 17 to 28 cents on the euro, a highly distressed level, according to indicative quotes", which just happens to almost perfectly coincide with our view:"Which means that according to a generic bond yield calc, the price on the fresh start bonds post reorg will be... 17.9 cents of par, or immediate losses of over 80% the second these bonds break for trading from par." Given grey market bond and CDS pricing, this would imply a 98% probability of Greece redefaulting within the next few years.