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must be the carbon tax.

steven keen?

getting caught up in the hype is a very bullish trap.

nothing wrong with being wrong. you had a measured reason for your predictions and for the most part, the problems you highlighted still exist, they are just being continually band-aided over.

egon von gryez was saying on KWN that someone went to take delivery of their physical, allocated gold in switzerland and the bank had lonaed it out! this is ALLOCATED gold! they had to source gold and refund it! ive heard through a few different sources that theres a few bank runs happening...

there'll be another round of printing yet, maybe 2, along with a covert round of currency swaps, nominal GDP targeting and intra-bank bond purchases just tp destabilise things further and squeeze more blood from the stone. it'll be a revolution before anything happens of any meaning, and even...

a German split from the euro would drive UP the Mark and hamper exports as the rest of the eurozone goes into deflation. that's economic terrorism.

deflation of the Euro - parity with the USD. AUD to slip to 88-94c USD USSA seen as "safe haven" while the EU implodes. Australia to a lesser extent. Au to get a good hammering - maybe 1450 again, maybe even 1390. calm before the storm - i'm buying all i can because whent he dust...

IMPO it would have been easier straight up, than to prolong the inevitable. allow Greece to leave the Euro on a hiatus/suspension, re-instate the Drachma, adjust it away, get back on their feet and re-join in 5-10 or so years. it's funny how governments dont understand or represent the people...

i want to know what nutjob economist thought this was a good idea? i mean, it's delaying the inevitable - you can't escape it and the current course of action(s) only make the problems worse.

so short term, the world goes to ****, but long term could easily be rosy? you'd want a long dated call for that one - well into MM territory.

"the market".....is what, exactly? who owns the market versus who runs the market are two different things. sepculators run the market, those left holding worthless promises (bonds) are the owners. if i was trading that index, i'd be licking my chops about now. "risk" is somethign gauged by...

seems that chain reaction is already beginning. https://rt.com/news/spain-protests-labor-reforms-693/ lets think about the values of assets in the UK for a bit, and the value of their bank shares, and their "we're insulated from the Euro" mentality.... oops.

the term "Greece" means the Greek Government and the self/ECB serving politicians within. i mean, it's a laugh that the country reputed to have given birth to democracy has an ECB appointed leader.... the term "People" means those allowed to vote for their leaders. the two are NOT the same.

no offence, but i thought that was obvious when private debt was erased with public money. if greece care little for the wants of their citizens and the needs of their country, im sure they care three fifths of f&&k all for NATO.

italy and spain are pumping money they cant afford into the rescue fund. if greece bail, there'll be riots in italy and spain to rival those in greece. think about the chain reaction, not the singular event.

so, you're saying that greece is too small to affect global affairs? lets see. greece default and shake up the eurozone. spain defaults because greece did. italy defaults because spain did. ireland says "bugger this" and defaults too. chinese worries start to surface on the...

i think the only option is to default, remove themselves from the euro, thereby entering a short, sharp deflationary period. greek holidays will be cheaper than bali and every one will go there. manufacturing will be more competitive than turkey. people will have jobs as created but be in...