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"Simple math tells you Greece's default is pretty much a certain thing," writes Sprach Analyst....

"Simple math tells you Greece's default is pretty much a certain thing," writes Sprach Analyst. Bored and sickened by the cycle of deadlines, rumors, denials of rumors, rinse, repeat, the writer asks for someone to wake him when it's over, but leave him out of the loop of details until then.
Comments (5)
  • fxmaven
    , contributor
    Comments (1455) | Send Message
     
    sehr gut gemacht! stimme mit dir zu
    26 Sep 2011, 05:40 PM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    There is no way out other than a default!
    The Greek people need to get real with themselves and accept a lower standard of living and demand the Drachma be brought back so they will become "Somewhat Competitive", but the scuzball big bankers who have all their debt on their books at par are willing to damn the whole E.U. to a collapse!
    Look, this was a poorly thought out and disastrously implemented union!
    From the start, even France and I believe Germany couldn't make the "Maastricht Treaty" rules or whatever they called the "Debt Ratios" they were all supposed to live under.
    Its a lie and a fraud when even the big boys fail the most basic financial tests!
    Jerry
    26 Sep 2011, 05:46 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I wonder if Obama used this same simple math on the USA......
    26 Sep 2011, 06:52 PM Reply Like
  • yoguh12
    , contributor
    Comments (76) | Send Message
     
    I dont think his financial calculator can handle the number of digits we have in our debt. I believe we stop at 9 digits. Sure you could just work in millions or billions, but if history shows us anything, politicians are horrible with math period
    27 Sep 2011, 01:04 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Simple Math also says, the US can never pay back it's debt without monetization.

     

    How to trade on it may be another matter.
    26 Sep 2011, 07:35 PM Reply Like
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