Skip to comments.U.S. stocks fall on Greece debt restructure news
Posted on 07/24/2012 11:34:58 AM PDT by John W
SAN FRANCISCO (MarketWatch) -- U.S. stocks fell to new depths in Tuesday's session following a report that European Union officials believe Greece can't pay what it owes and needs more debt restructuring.
The dive coincided with a report from Reuters that three E.U. officials believe Greece will have to restructure some 200 billion euros in debt.
(Excerpt) Read more at marketwatch.com ...
So who can pay their debt? Certainly not us, not that we are trying to.
I thought they fixed this last week. And the week before that. And the week before that...
>> I thought they fixed this last week. And the week before that. And the week before that...
The beauty of a house of cards is that it can be “restructured” in SO many ways...
90% of media reports on falling US stocks blame it on something somewhere else.
Talk of QE lifts the market when needed.
The “unexpected” bad news meme...
Every day is “Groundhog Day” in the economic mass media.
You are right. As we approach election day, expect the ‘it’s Europe’s fault’ meme 24/7.
Greece is the mulch dressing, covering up the gaping chancre that is the American economy.
How are they going to restructure a loan agreement this welfare state can never, ever pay back?
Restructure is a code word for default.
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