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Tricky

Tricky
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  • Varoufakis promises to quit if Greeks vote for austerity [View news story]
    If the Greeks don't like the offer, let them find an alternative source -- given that they're such an attractive borrower, they should have no issues. Otherwise, enough of the ugly whisperings about a regime where all the perpetrators are long dead.
    Jul 2, 2015. 07:03 PM | 1 Like Like |Link to Comment
  • IMF: 2012 Greek bailout didn't work [View news story]
    Argentina manages to exist. And it's an apt analogy, given how those countries conduct their affairs.

    If Greece wants a different existence with more pleasant options, it will need to become a more credible borrower.
    Jul 2, 2015. 02:31 PM | 1 Like Like |Link to Comment
  • Futures add to gains after jobs; dollar falls [View news story]
    I was being facetious
    Jul 2, 2015. 09:47 AM | Likes Like |Link to Comment
  • Futures add to gains after jobs; dollar falls [View news story]
    Bad is still the new Good.
    Jul 2, 2015. 09:34 AM | 1 Like Like |Link to Comment
  • Varoufakis promises to quit if Greeks vote for austerity [View news story]
    "We desperately want to stay in the euro ... We are going to win ("no" vote) on Sunday."

    If you had a credible plan, you'd have other financing alternatives.
    Jul 2, 2015. 07:55 AM | 8 Likes Like |Link to Comment
  • The Outlook Of Greece [View article]
    Indeed. In other venues you can see Greek citizens and ex-pats posting that (in effect) everyone else owes them unending bailouts with no conditions... because they defeated the Persians 3000 years ago. Errr okay.
    Jul 2, 2015. 07:52 AM | 1 Like Like |Link to Comment
  • The Outlook Of Greece [View article]
    Indeed, a failure all around. IMF/ECB policies certainly didn't help, but they had no decent "raw material" to work with in Greece anyway. Better for everyone to end the farce and face the brutal reality.
    Jul 2, 2015. 07:19 AM | Likes Like |Link to Comment
  • On the hour [View news story]
    That about covers it
    Jul 1, 2015. 02:25 PM | 3 Likes Like |Link to Comment
  • White flag from Greece has stocks on the move higher [View news story]
    There shouldn't be any more negotiations. If Greece doesn't like the terms, that's cool, find money elsewhere. Greece will never live up to its side of the bargain anyway, time to end the farce.
    Jul 1, 2015. 01:25 PM | Likes Like |Link to Comment
  • White flag from Greece has stocks on the move higher [View news story]
    We'll also have to cut off a lot of those deep red "taker states", don't forget them. If we cut off California, they should stop distributing their positive net surplus of federal bucks. Bad news for AL and MS :-{
    Jul 1, 2015. 10:38 AM | 2 Likes Like |Link to Comment
  • Greece threatens to sue Europe [View news story]
    Regardless of any "imperfections" of the US or other OECD countries' situation (and there are plenty), what stands out about Greece is the sheer SCALE of what a mess it is -- tax evasion, dependency of "employment" on public sector, the pension set up, etc. Thrown in the willful unwillingness, unless under coercive threat, to reform (along with nasty rhetoric against creditor nations) and why should I give a darn about Greece? There are lots of people suffering around the world, I'd rather help a more grateful group.
    Jul 1, 2015. 08:39 AM | Likes Like |Link to Comment
  • White flag from Greece has stocks on the move higher [View news story]
    Well, the democratically elected leadership of the nation state has so far proven unwilling to take on the structural reforms necessary to truly fix the situation. Maybe staring into the abyss will concentrate minds.
    Jul 1, 2015. 08:12 AM | 6 Likes Like |Link to Comment
  • Greece threatens to sue Europe [View news story]
    The vast majority of US debt is held by Americans and American institutions
    Jul 1, 2015. 08:03 AM | Likes Like |Link to Comment
  • Eurozone rejects Greece's bailout extension request [View news story]
    Hi Teutonic,

    Stepping back, I'm not one of those Americans who gleefully enjoys the EU meltdown out of some sort of schadenfreude. It's easy to forget that the various European institutions/projects were primarily started to prevent the kinds of carnage that occurred in the latter half of 19th century / 1st half of 20th. And I think they've been successful in that regard.

    But the average Jean/Juan on the European street doesn't appear to feel the same way about his neighboring countries the way the average American Joe feels about people in other US states (however much he may disagree w/ their politics). Hence the lack of political union that underlies the fatal flaws of the Euro. It's hard for me to see this dynamic changing anytime in the foreseeable future.

    Sorry to focus on the basics. But it's the very basics that cause the fundamental flaws.
    Jul 1, 2015. 06:50 AM | 2 Likes Like |Link to Comment
  • Eurozone rejects Greece's bailout extension request [View news story]
    Which other OECD countries have a tax collection problem as massive (relative to size) as Greece?
    Jul 1, 2015. 06:40 AM | Likes Like |Link to Comment
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