The Greek default is over
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The Greek default is over
Once we see what Europe is really going to do, not what they have told us they might do, the real show gets underway. Everything up till now was just a preamble, a mincemeat of words flowing like a unsubstantiated river from mouths full of fluff, orated by the deceptors and laid out on a table where cheese was pointed to as Prime Rib and where radishes were sworn to be asparagus but these days end tomorrow and as sure as the sun rises in the East; tomorrow will arrive.
From http://www.zerohedge...-and-tomorrow-0
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Greece is going to default and return to the Drachma. And? Who that's paying attention doesn't know this already? It's all musical chairs until the inevitable happens.
edit: for those who are surprised at the above statement, you REALLY should start reading Michael Shedlock's Global Economic Analysis:
edit: for those who are surprised at the above statement, you REALLY should start reading Michael Shedlock's Global Economic Analysis:
Look for Greek CDS to Trigger in March possibly with preceding bank holiday ahead of the March 20 bond due date.
The weekend of March 11-12 or 18-19 look like ideal candidates for a bank holiday and Greece exit of the Eurozone.
If you have money in Greek banks, get it out now!
The weekend of March 11-12 or 18-19 look like ideal candidates for a bank holiday and Greece exit of the Eurozone.
If you have money in Greek banks, get it out now!