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Futures sharply lower; live CNBC coverage tonight at 8pm ET
cnbc.com ^ | July 5, 2015 | Everett Rosenfeld & Ben Berkowitz

Posted on 07/05/2015 4:21:18 PM PDT by John W

U.S. futures are sharply lower after the Greek vote, and CNBC will have live coverage of the aftermath tonight at 8 p.m. ET.

The Greek people voted resoundingly on Sunday to reject proposals from their European creditors.

S&P 500 futures fell 1.5 percent in early trading after 6 p.m. ET (2200 GMT).

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


TOPICS: Business/Economy; Germany; News/Current Events; Politics/Elections; United Kingdom
KEYWORDS: alexistsipras; europeanunion; france; futures; germany; greece; greececrisis; greecereferendum; greek; nato; stockmarket; stockmarketfutures; syriza; unitedkingdom
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To: Paulie

Hadn’t thought about in terms of elections.

That could absolutely what be has happened.


61 posted on 07/05/2015 5:41:03 PM PDT by berdie
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To: berdie

I hear ya. but I didn’t think anyone would hijack my health care, either. look what happened.


62 posted on 07/05/2015 5:44:06 PM PDT by JohnBrowdie (http://forum.stink-eye.net)
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To: Fightin Whitey

I am in the same boat. But I would just as soon tell all of the creditors to pound sand. What are they going to do when everyone is out of work.


63 posted on 07/05/2015 5:45:21 PM PDT by Vermont Lt
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To: NormsRevenge

We didn’t plant a garden this year,but my field corn is 7 feet tall now.


64 posted on 07/05/2015 5:52:11 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: berdie

“I can also see them offering a “guaranteed” monetary return in exchange for retirement funds.”

Right. And to get most people on board with it, they’ll ‘sweeten’ the deal by offering 12% annual return - guaranteed!

But when it comes time to deliver, they won’t even come close to the promised 12%. Sorry my fellow Americans, but due to unforeseen circumstances, you’re only going to realize a gain of 1/2 of 1%/year.

Try McDonalds - they hire seniors...


65 posted on 07/05/2015 6:00:51 PM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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To: Greetings_Puny_Humans

If you think it is just Greece, please smell the coffee.
The PIIGS countries also includes Portugal, Italy, Ireland & Spain. I am sure you have seen how Dominoes fall.


66 posted on 07/05/2015 6:07:24 PM PDT by entropy12 (I always see glass half full. I see something good in all people, even the crappy RINO's!)
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To: DugwayDuke

Hahahaha...you are trying to blame the Greek tragedy on Tsipras?
He has been in charge for 5 months. The non-communist liberals have been in charge for decades. The Greeks have recognized who screwed them, and it was not Tsipras.


67 posted on 07/05/2015 6:09:34 PM PDT by entropy12 (I always see glass half full. I see something good in all people, even the crappy RINO's!)
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To: SevenofNine

Hell.

The market will probably be up 5% at the open, and be up by 150 points at the close.

Seen this story 100x before....


68 posted on 07/05/2015 6:11:43 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: tennmountainman

Then we will see how much celebrating they do.
*********************
Perspective Perspective ,,, In 20 years Greeks will be thought of as the second smartest people in the world ,, right behind the Icelanders.


69 posted on 07/05/2015 6:14:11 PM PDT by Neidermeyer ("Our courts should not be collection agencies for crooks." — John Waihee, Governor of Hawaii, 1986-)
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To: Neidermeyer

The difference is Icelanders are hard working. The Greeks are lazy.


70 posted on 07/05/2015 6:18:01 PM PDT by tennmountainman ("Prophet Mountainman" Predicter Of All Things RINO...for a small pittance.)
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To: KoRn

and be up by 150 points at the close.
*******************
The infamous 15:30 PPT ramp up .... Puerto Rico is a grenade... it isn’t that important by itself but it shows how incredibly stupid money managers are when they have $Billions that they MUST invest ,, no matter how many alarm bells are ringing... They invest ,, collect a bonus and go home ... when it blows up they have Uncle Sugar steal funds from us either via inflation , printing or at the barrel of a gun and fund the same wall streeters all over again..


71 posted on 07/05/2015 6:20:45 PM PDT by Neidermeyer ("Our courts should not be collection agencies for crooks." — John Waihee, Governor of Hawaii, 1986-)
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To: MeneMeneTekelUpharsin
When the debt (mainly owed to Germany) is not going to be paid ... yeah it could be bad


72 posted on 07/05/2015 6:30:06 PM PDT by CapnJack
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To: Snickering Hound

That is such an awesome graphic


73 posted on 07/05/2015 6:33:47 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: John W

I am stunned by the lack of knowledge most of the American people, as well as their politicans are displaying to today’s news in Greece. This is the reason why I believe a Republican will not win the Presidency next year. NOT One single Republican has been hammering the point home to everyone that the reason the average American’s standard of living has gone almost no where in the past 15 years is because the Federal Reserve has done everything in their power to bail out the largest banks in the US but also from Europe! The size of Government has grown exponentially under both Bush and Obama ONLY because it has been able to “borrow” cheaply from the only entity crazy enough to buy 10 year Treasuries at 2%....the U.S. Federal Reseve! An entity that is NOT part of the U.S. Government and who’s Charter should have long been revoked! Every Republican candidate talks about “Smaller Government” yet they NEVER mention that in order to have “smaller” government the ONLY way to stop the life blood of feeding the Federal Government- you have to FIRST constrain that same government from being able to “borrow” so cheaply! Have any of you ever wonder why the Debt Ceiling is NEVER “not” raised? Its simple.....its because the Federal Reserve would NEVER allow it! The minute you “don’t” raise the the Debt Ceiling the U.S. Treasury can not “borrow” more $$$$ to.....”REPAY” its previous DEBTS....That’s what they’re referring to when they say “default”! In other words...The US Federal Government has to KEEP borrowing in order to repay it’s previous debt to the Federal Reserve! Not ONE single Republican is hammering this point home to the American Public! Never ending “borrowing” (i.e. Debt Enslavement) is what keeps the United Socialist States of America alive! The (Socialist) Democrat’s life blood is this ability to “borrow”! The only reason we’re not Greece (and soon to be other Euro Countries) is because the U.S. Dollar is still the World’s reserve currency- but that too will soon come to an end! Gather all the allies you can muster and convince the public to rail against the U.S. Federal Reserve to finally cut the lifeline that feeds a Socialist State!


74 posted on 07/05/2015 6:40:01 PM PDT by freddy005
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To: Neidermeyer

Metals spiked, then came back down to the former close within about eight hours in far East trading.

http://www.kitco.com/charts/livegold.html


75 posted on 07/05/2015 6:40:37 PM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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To: editor-surveyor

He’d have to provide a paper LFBC to prove he’s eligible first.

Oh, wait....


76 posted on 07/05/2015 6:42:21 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: Paulie

I think you misunderstood me.

I never said they will deliver on that promise. It will be a false selling point.


77 posted on 07/05/2015 6:44:56 PM PDT by berdie
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To: entropy12

“Hahahaha...you are trying to blame the Greek tragedy on Tsipras? He has been in charge for 5 months. The non-communist liberals have been in charge for decades. The Greeks have recognized who screwed them, and it was not Tsipras.”

Never said that Tsipras ‘screwed’ the Greeks. The Greeks ‘screwed’ themselves. They lived above their means relying upon EU credit to finance their lifestyles.

The Greeks were given the opportunity to save themselves. Instead, they’re relying upon bluffing the EU into giving them more loans.

The problem is any concessions given to Greece will also have to be given to Italy, Portugal, and Spain. The EU will call that bluff because it will be cheaper to write off the Greek debt or have to bail out Greece, Portugal, Spain, and Italy. The left wing parties in these countries are already planning to follow the Greek strategy.


78 posted on 07/05/2015 6:45:57 PM PDT by DugwayDuke
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To: DugwayDuke

Sorry if I misunderstood your intent. But this new post of yours I agree with 100%.


79 posted on 07/05/2015 6:53:36 PM PDT by entropy12 (I always see glass half full. I see something good in all people, even the crappy RINO's!)
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To: berdie

“I never said they will deliver on that promise. It will be a false selling point.”

No, I didn’t mean to make it sound that way. I know you never said that.

I was just going on about my own visions (fantasy?) of what might happen when the time comes. Sorry for the misunderstanding.


80 posted on 07/05/2015 7:04:12 PM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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