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

To: 2MAR$ who wrote (92779)	7/23/2012 3:06:54 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217688

observations, guesses: (i) looks like they are letting the greeks fall where they may (ii) the weaker euro nations shall either muddle through by austerity, trim back on socialism, or fall down as the greeks are (iii) the stronger euro nations are very wealthy in savings of many, still well supported by socialism for most, can last a while especially if cut back on defense and such, and trim back on socialism (iv) the euro zone issues are simply variations on a set of simultaneous equations, but having more than one solution set, and there is time due to lack of derivative wmd (v) then there be the fairly well educated folks w/ a sense of long history (vi) even if most political leaders are clowns, there are strong and capable leaders talking sense out of some of the many sovereign nations. the fate of euro zone is as yet undetermined, can go either way, but by choice still as not too late, and besides, no empire to sustain. (vii) japan seem resigned to a future of robots and rock gardens and adult diapers (viii) russia shall likely remain russia, after putin, more putins (ix) india looks to be always india, as the congress party devolves into a cabal of thieves and nest of scoundrels (x) forget south africa, and brazil does not have the global heft, and so ... (xi) the future is between tribe china and team usa at the moment the spin from western corporate media is that china is hard-landing or blowing up in mid-air, resorting to lying about its electricity generation and and and even as folks are clearly swapping jobs for higher pay while general pay level is still inflating at 15-20% per annum, and aussie export stats says china demand for aussie minerals holding steady. maybe the aussies are also lying. sure, the speculative froth is gone, healthily so, even as real estate is steady after a minor hiccup but all eyes watching a meaningless shanghai stock market for clues and chanos continue to spin a tale let us watch n brief. in the mean time jack is exploring sweeping loading hang out with boy cousinz (3rd cousin once removed) - watching tv for the first time (scoobie doobie doo, in french) and now must hang out w/ the girlz because his cousins left (he likes the laotian princess :0)

To: 2MAR$ who wrote (92779)

7/23/2012 4:04:04 AM

From: Maurice Winn

1 Recommendation Read Replies (2) | Respond to of 217688

Greece doesn't need rescue. The creditors are the people wanting to be rescued. Greeks have not got a problem. Government employees, government pensioners and others bludging on the citizens' funds have got a problem too. But actual regular productive Greeks do not.

<
German Vice Chancellor skeptical that Greece can be rescued, Bloomberg says
As the troika of creditors are about meet to assess Greece's progress in meeting its bailout targets, the German Vice Chancellor Philipp Roesler said he is "very skeptical" Greece can be rescued and that the concept of the country leaving the European monetary union "has long lost its terror," says Bloomberg Businessweek.
>

If Greeks want to, they can stay in the euro monetary union by the simple expedient of accepting euros when people spend money there, such as hordes of Germans going on holiday there to experience actual summer. If they want to use euro, no problem. Or US$, or yuan, or yen, or the mighty $kiwi.

Mqurice