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 ...
Hadn’t thought about in terms of elections.
That could absolutely what be has happened.
I hear ya. but I didn’t think anyone would hijack my health care, either. look what happened.
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.
We didn’t plant a garden this year,but my field corn is 7 feet tall now.
“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...
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.
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.
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....
Then we will see how much celebrating they do.
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Perspective Perspective ,,, In 20 years Greeks will be thought of as the second smartest people in the world ,, right behind the Icelanders.
The difference is Icelanders are hard working. The Greeks are lazy.
and be up by 150 points at the close.
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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..
That is such an awesome graphic
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!
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
He’d have to provide a paper LFBC to prove he’s eligible first.
Oh, wait....
I think you misunderstood me.
I never said they will deliver on that promise. It will be a false selling point.
“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.
Sorry if I misunderstood your intent. But this new post of yours I agree with 100%.
“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.
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