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Mermaid
12,497 posts
40 months
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Andy Zarse said: Also, I saw this quote in the Torygraph this morning. Mr Samaras told Bild, "Greek living standards have declined over the last three years by approximately 35pc. A return to the drachma would immediately lower it by at least another 70pc".
As they say in America, you do the math... I am surprised that there has no been a huge surge of Greeks coming in to the UK. 
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Andy Zarse
8,056 posts
116 months
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Mermaid said: I am surprised that there has no been a huge surge of Greeks coming in to the UK. Would you really come here? To this half-bankrupt s  thole? With Cameron and Clegg running the show? They've all gone to Australia mate!
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DJRC
19,842 posts
105 months
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Art0ir said: There's a right bunch of morons on there!
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Mermaid
12,497 posts
40 months
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Andy Zarse said: Would you really come here? To this half-bankrupt s thole? With Cameron and Clegg running the show? They've all gone to Australia mate! Certainly lots of Greeks in Sydney  This place still better than Greece.
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LongQ
8,840 posts
102 months
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Mermaid said: Andy Zarse said: Would you really come here? To this half-bankrupt s thole? With Cameron and Clegg running the show? They've all gone to Australia mate! Certainly lots of Greeks in Sydney This place still better than Greece. On a business trip to Oz decades ago (travelled out just as Saddam first invaded Kuwait) I was told that Melbourne had the third largest community of Greek origin of any city in the world. They've been trading out of the homeland for decades, presumably taking more with them than the ex-pats put back in? But then that is not uncommon for many countries.
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AstonZagato
3,231 posts
79 months
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Art0ir
3,603 posts
39 months
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DJRC said: There's a right bunch of morons on there! The commentators? Indeed.
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Digga
10,898 posts
152 months
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Art0ir said: DJRC said: There's a right bunch of morons on there! The commentators? Indeed. Interesting thing induction. There are a lot of financial plans - personal and corporate - that use a pretty small set of data as the basis of their assumptions. The "guns, ammo & tinned foods" lot begin to look less loony as each month passes.
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loafer123
2,699 posts
84 months
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Digga said: Art0ir said: DJRC said: There's a right bunch of morons on there! The commentators? Indeed. Interesting thing induction. There are a lot of financial plans - personal and corporate - that use a pretty small set of data as the basis of their assumptions. The "guns, ammo & tinned foods" lot begin to look less loony as each month passes. It's all relative...they have a long long long way to go before they don't look loony.
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fbrs
7,644 posts
132 months
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Art0ir said: DJRC said: There's a right bunch of morons on there! The commentators? Indeed. not just them. the writers churn out some spectacular nonsense in between their spittle flecked crusade against goldman (one of the tyler durdens was aledgedly fired at from an ex-goldman run fund for insider dealing) one of my favorite articles was this gem, betrayingat best an intern level of understanding http://www.zerohedge.com/article/es-futures-curve-...the most annoying thing about their crazy anti establishment, tinned food and ammo readership is that half of them have probably made a killing on gold. as always, better to be lucky than good
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1point7bar
1,091 posts
17 months
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AstonZagato said: The glaring absence in his offered logic must thus be deliberate. Don't ask me what it is because I speak no evil.
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Digga
10,898 posts
152 months
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1point7bar said: AstonZagato said: The glaring absence in his offered logic must thus be deliberate. Don't ask me what it is because I speak no evil. I did wonder when I read this - if he says equities must always (logically) command a higher rate than bonds, what exactly his opint was about them.
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AstonZagato
3,231 posts
79 months
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1point7bar said: AstonZagato said: The glaring absence in his offered logic must thus be deliberate. Don't ask me what it is because I speak no evil. He has got a business to protect.
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Mermaid
12,497 posts
40 months
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1point7bar said: AstonZagato said: The glaring absence in his offered logic must thus be deliberate. Don't ask me what it is because I speak no evil. Gross was on CNBC suggesting the Fed must do more QE because the stock market had swooned in the last 3 days by a hefty 2%, not to mention the 100% increase since QE started. For Yankee mentality, sticks going up is a god given right.
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WhoseGeneration
4,090 posts
76 months
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www.washingtonpost.com/business/economy/analysts-f...Printing, capping bond yields and now, capital movement controls, ok as yet all only being talked about but it really is looking rather "Socialist", in the sense of trying to "control" markets and individual action for, essentially, political ends.
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Art0ir
3,603 posts
39 months
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You'd honestly think they were trying to give the markets an aneurism Merkel said: Greece is part of the euro zone and I want Greece to remain part of the euro zone But they're indicating they will wait on the Troika report before making any more decisions..
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Digga
10,898 posts
152 months
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Art0ir said: You'd honestly think they were trying to give the markets an aneurism Merkel said: Greece is part of the euro zone and I want Greece to remain part of the euro zone But they're indicating they will wait on the Troika report before making any more decisions.. Clear as mud isn't it. If she were the CEO of a company, the shares would tank, irrespective of current or recent performance, just because of the uncertainty and lack of direction.
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DJRC
19,842 posts
105 months
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Its not uncertainty or lack of direction though, its actually a fairly clear message. Dear Greece...pls for the love of God, f k of and go!!! I cant be seen to be the one that pushes you though, so please do it of your own accord and soon before my bloody election year and I have to give you anymore money! Angie wants em gone, but she cant be seen as the one to fire the gone. The Greek PM knows this and knows he can use that to still dance a bit.
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Digga
10,898 posts
152 months
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DJRC said: Its not uncertainty or lack of direction though, its actually a fairly clear message. Dear Greece...pls for the love of God, f k of and go!!! I cant be seen to be the one that pushes you though, so please do it of your own accord and soon before my bloody election year and I have to give you anymore money! Angie wants em gone, but she cant be seen as the one to fire the gone. The Greek PM knows this and knows he can use that to still dance a bit. That's what I'd term a lack of direction. Seems to me modern politicians take the easy routes at home and in international affairs all too often. A lack of management and supervision is pretty much what got us to where we are now.
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LongQ
8,840 posts
102 months
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Digga said: A lack of management and supervision is pretty much what got us to where we are now. The first problem there is finding people with the broad as well as the detailed skill set. Financial and political. The second would be finding anyone with the skills who actually wanted the job but passed all possible tests for megalomania tendency control. If you just had a 'Team' of experts ... well, you would have the same problems as we have now. The problem is political and based in human nature. The fiscal playground is merely where the play is being acted out. Maybe not so much the play as the pre- dress rehearsal? Everyone is in the sandbox trying to build a castle. Even if they succeed the castle will still be made of sand.
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