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Re: Greek 1 Year Bond 80% Away From 1000%

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 01 Mar 12 8:03 PM | 37 view(s)
Boardmark this board | De's Test Board 		Msg. 39338 of 45651
(This msg. is a reply to 39336 by Decomposed)
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That's one hell of an investment DE. Don't bother asking if it is safe, just buy buy buy, or put it on a credit card. WEEEEEEEEEEEEEEEEEEEEEEEE what an eCONomy,,,,,,,,,,,,

"So, that leaves the country with two options: (1) Stop spending money faster than it's coming in, or (2) start selling off assets. I would give them a couple hundred thousand dollars for the Acropolis..."

GEEEEEEEEEE Ya think that would work for our spend addicts??




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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The above is a reply to the following message:
Re: Greek 1 Year Bond 80% Away From 1000%
By: Decomposed in ROUND
Thu, 01 Mar 12 8:00 PM 		Msg. 39336 of 45651

re: "if Greek bonds crossing 100% just 5 months ago was not quite attractive, perhaps 1000%"

LOL! That's funny! I guess Greece is having some difficulty finding anyone to borrow from!

Now, given the nature of the Greek situation, who would lend at ANY interest rate? It is, essentially, money thrown away!

And, if Greece borrows a billion bucks from somewhere, where does it plan to get the nine billion additional bucks it will need next year to pay off the interest????

Heh. Unless the EU decides it wants to pick up the tab, Greece had better get used to the idea that no one is going to lend it money because everyone knows that the loan will go bad.

So, that leaves the country with two options: (1) Stop spending money faster than it's coming in, or (2) start selling off assets. I would give them a couple hundred thousand dollars for the Acropolis...

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