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

To: Snowshoe who wrote (90658)	5/27/2012 6:08:02 PM
From: TobagoJack	12 Recommendations Respond to of 217881

just in in-tray "The Financial Markets are currently like a strapless bra. Half the people are wondering what's holding it up whereas the other half are waiting for it to drop so that they can grab the opportunity with both hands."

To: Snowshoe who wrote (90658)	5/27/2012 6:40:03 PM
From: skinowski	Respond to of 217881

If the Greek people get their euros out of the system, then there is very little pain of exit. With the banks and government insolvent, repudiating the debt and reintroducing the drachma is a winning strategy! The fact that this is even possible is amazing. The Greeks have nothing to lose if they can keep their deposits in euros and exit! this point seems to be important. If Greek citizens and businesses can take out their deposits in Euros -- the math suggests that it may make sense for them to default. The Greek credit rating would be shot, but it's shot anyway. They would still have to tighten their belts, but at least they would not have to pay back what they borrowed and spent. And if they can get away with this, and it seems they can - what will stop others? Ergo, the conflicts have the potential of becoming much worse - before things get better.