Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

So, What's Next Step Towards The Eurocalypse?
Zero Hedge ^ | 3/9/12 | Reggie Middleton

Posted on 03/09/2012 1:14:54 PM PST by Kartographer

Okay, as I have been warning since the first quarter of 2010, Greece has defaulted. What I mean by default is that Greece did not honor the payment terms of its debtor agreements. I really don't care what this or that association decides to call it, if you bought Greek bonds you ain't getting the money that Greece promised when they promised they will give it to you. Just to add something official sounding to it, Fitch has declared it so, Fitch Downgrades Greece From C To Restricted Default. Of course, if you are on BoomBustBlog of following me, your probably smarter than to take these guys words for anything even remotely resembling predictive since they declared default status about three hours before Greece actually made it official they would default - plenty of time for interested parties to do something about it, no? Reference Rating Agencies vs Reggie Middleton, Part 3 and What Is More Valuable, The Opinion Of A Major Rating Agency Or The Opinion Of A Blog? Go Ahead, I DARE You To Answer!

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Government
KEYWORDS: default; greece
Once you throw the slop in the troth its' to let decide not to feed the PIGS.
1 posted on 03/09/2012 1:15:00 PM PST by Kartographer
[ Post Reply | Private Reply | View Replies]

To: Kartographer

And just who, with more sense than a rock or Democrat, would ever by sovereign bonds in the future? Think the the market will collapse?


2 posted on 03/09/2012 1:32:01 PM PST by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RetiredTexasVet

....buy...


3 posted on 03/09/2012 1:32:42 PM PST by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RetiredTexasVet
Think the the market will collapse?

It pretty much just did. It'll just take a while for the debris to hit the ground.

4 posted on 03/09/2012 1:36:25 PM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
[ Post Reply | Private Reply | To 2 | View Replies]

Bookmark


5 posted on 03/09/2012 2:06:02 PM PST by SuzyQue
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson