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Oh Oh - Greece Going Supercritical
The Market Ticker ^
| April 7, 2010
| Karl Denninger
Posted on 04/07/2010 9:11:57 AM PDT by Cheap_Hessian
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To: Cheap_Hessian
2
posted on
04/07/2010 9:18:05 AM PDT
by
Noumenon
("Upon what meat doth this our Caesar feed, that he has grown so great?" - Julius Caesar)
To: Noumenon
Looks like the PPT is working overtime today.
3
posted on
04/07/2010 9:25:23 AM PDT
by
RobRoy
(qu)
To: Cheap_Hessian
If we don’t have enough trillions, we’ll have to go to our fallback position of talking of quadrillions.
4
posted on
04/07/2010 9:31:53 AM PDT
by
ClearCase_guy
(We're all heading for red revolution -- we just disagree on what the red really means.)
To: Cheap_Hessian
Socialism BUMP.
This is exactly where the Kenyan communist Ubama wants to take America, all in the name of “reparations” and “social justice”. Wow... What a sick scumbag that guy is.
To: Cheap_Hessian
Based on a reliable source in the recent past, foreign banks have applied to withdraw repo with Greek banks even offer powerful bonus. Google doesn't have a Bankerese-to-English translation. Does anyone have a good website that can tell me what this means?
6
posted on
04/07/2010 9:33:46 AM PDT
by
KarlInOhio
(Obamacare: The 2010 version of the Intolerable Acts.)
To: ClearCase_guy
May as well use the catch-all “bajillions”.
To: KarlInOhio
I think it means foreign banks now thing Greece’s debt is “unsafe at any price”
8
posted on
04/07/2010 9:36:44 AM PDT
by
NeoCaveman
("workers of the world unite, it's not just a slogan anymore" SEIU's Andy Stern)
To: KarlInOhio
Wikipedia’s got one.
http://en.wikipedia.org/wiki/Repos
I couldn’t follow it either. It looks to be a scam in which desperate borrowers manage to borrow without it showing up on the books anywhere.
In this case, it appears the “foreign banks” have decided they don’t want to play that game anymore.
9
posted on
04/07/2010 9:37:56 AM PDT
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: Cheap_Hessian
Hummmm, you mean the VAT(value added Tax) didn’t work????
10
posted on
04/07/2010 9:40:19 AM PDT
by
Marty62
(marty60)
To: Cheap_Hessian
The Greeks: They led the way at the inception of Western Civilization, and now leading the way on the downfall.
11
posted on
04/07/2010 9:49:40 AM PDT
by
Plutarch
To: NeoCaveman
Would I be correct in saying that if Greece says "We cannot pay", then they would be said to be "in default"?
And what we have here is tantamount to the foreign banks saying "We've just figured out that you couldn't pay us if you tried"?
12
posted on
04/07/2010 9:54:57 AM PDT
by
ClearCase_guy
(We're all heading for red revolution -- we just disagree on what the red really means.)
To: ClearCase_guy
13
posted on
04/07/2010 10:00:35 AM PDT
by
NeoCaveman
("workers of the world unite, it's not just a slogan anymore" SEIU's Andy Stern)
To: NeoCaveman
Dontacha know that Germans were nazis 70 years ago?? That’s what screwed the hardworking Greeks... /s
To: Cheap_Hessian
Maybe,just maybe,its a good thing if Greece is beaten to an economic pulp? Maybe thats the only way to correct the impalances in the labor force? Perhaps it will be a great lesson for the rest of the world as in nobody wants to be the next Greece? Just saying,its not a huge economy and if you wanted to pick a country to try and correct the wrongs Greece would be right around the top of the list.
15
posted on
04/07/2010 12:41:24 PM PDT
by
wiggen
(Government owned slave.)
To: wiggen
That’s why, IMO, Germany etc will let Greece go bankrupt and SUFFER, to send a clear message (about spending, debts and telling the truth) to others
To: Lancey Howard
I get confused... is that more or less than a gazillion?
17
posted on
04/09/2010 12:59:56 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Plutarch
If my college Greek serves me correctly... that sign says...’Hope & Change!”
18
posted on
04/09/2010 1:00:54 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
Not to worry until the Greek people figure out that their country is in trouble, when they start a run on the banks look out. Kati Bar the Door.
19
posted on
04/09/2010 1:08:52 PM PDT
by
BooBoo1000
(Vote for Pedro)
To: All
Oh no, where will I get all those great Greek.....um, well made...er high tech...ah...
20
posted on
04/09/2010 1:11:14 PM PDT
by
riri
(III)
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