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User Info	Your Daily Greek Update. SAVED or not SAVED? in forum [Breaking]
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	Greece is always the explanation for the rise, neutrality or fall of stocks. Strange... NEW YORK (MarketWatch) — U.S. stocks shifted near neutral Wednesday as investors adopted a cautious tone as the European Central Bank considers taking a hit on its holdings of Greek bonds. “I guess we’re waiting for Greek haircuts. We don’t have any economic news to speak of, and we’re at the last vestiges of earnings,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Without data, people go on emotions, and emotions are still running pretty low.” ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates Last modified: 2012-02-08 14:43:44 by zarathustra 2012-02-08 14:42:57 Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	Look we are green. Anybody waiting for this market to tank is gonna be six feet under before it happens. 2012-02-08 15:08:57 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Quote: Greek political party leaders ended their meeting on Thursday with agreement on all points of a bailout package, except one, the prime minister said in a statement. Quote: Reuters reported that the sticking point was the level of cuts to be made to supplementary pensions. A Socialist party spokesman, told the agency, agreement had been reached on cutting the minimum wage by 22 percent but keeping holiday bonuses. http://www.cnbc.com/id/46317689 2012-02-08 19:08:56 Permalink
Sean Posts: 1766 Incept: 2009-04-21	http://www.bbc.co.uk/news/world-europe-1.... Quote: Greece bailout: Coalition fails to agree cuts. Greek PM Lucas Papademos has failed to secure the support of his coalition for a raft of new austerity measures, after more than seven hours of talks. Quote: They are kinda ***ed - they agree and get the cash then the people burn the place down - they don't agree and don't get the cash then the people burn the place down... Yep, Gates. ---------- I think Ann Barnhardt is more and more right. God help us! * Progressives / Marxists / Communists are many things, STUPID and IMPATIENT are not two of them. * A hot civil war is coming. * And people wonder why I prep! Last modified: 2012-02-08 23:25:16 by sean 2012-02-08 22:29:11 Permalink
Gates Posts: 6276 Incept: 2008-01-29 Scottsdale	They are kinda ***ed - they agree and get the cash then the people burn the place down - they don't agree and don't get the cash then the people burn the place down... 2012-02-08 23:16:17 Permalink*
Jubber Posts: 14164 Incept: 2007-07-05 UK Online	New Greek demands threaten debt deal http://www.ft.com/cms/s/aa43ac50-52fd-11.... Representatives of eurozone bail-out lenders were scrambling on Thursday to finalise an agreement with the Greek government after last-minute demands by Athens threatened to upend the deal. According to people briefed on the talks between lenders and Greek leaders, which ended early on Thursday morning, Lucas Papademos, the Greek prime minister, has insisted on revising budget targets for 2014 and only informed European negotiators at 6am... ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-09 05:55:22 Permalink
Jubber Posts: 14164 Incept: 2007-07-05 UK Online	oh dear Portuguese Trade Balance (EUR) (Dec) M/M -1041 mln vs. Exp. -885mln (Rev. -861mln) ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-09 06:10:59 Permalink
Jubber Posts: 14164 Incept: 2007-07-05 UK Online	EU says we are running out of time to complete the Greek deals ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-09 06:47:49 Permalink
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	Stop me if you've heard this joke before... ZH--And so the EURUSD spikes on yet another supposed agreement out of the Greek politicians. The FT reports: "Greek politicians have reached a deal. Statement out shortly according to FT's Athens correspondent." Yes, we have heard this before, and we have seen the same reaction before. The deja vu'ness is now all blurring into one. ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-02-09 08:15:06 Permalink
Jubber Posts: 14164 Incept: 2007-07-05 UK Online	just as this **** was selling off...again ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-09 08:18:47 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Just make a National Pension Lottery. Broke Broke Broke Broke Broke Rich Broke Broke Broke Rich Broke Broke Broke Broke Broke Broke Broke Broke Rich... Last modified: 2012-02-09 08:20:26 by drench 2012-02-09 08:20:04 Permalink
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	Cue the monkey.............. Financial Times blog: "An official in the prime minister’s office says: “There’s an agreement, Mr Papademos has met with Mr Samaras and it’s done. There will be a statement shortly." ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates Last modified: 2012-02-09 08:25:39 by zarathustra 2012-02-09 08:24:11 Permalink
Jubber Posts: 14164 Incept: 2007-07-05 UK Online	This is like the Boy who cried Wolf, going to be sell the ***ing news when it is completed ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-09 08:26:41 Permalink*
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	Alright ladies and gents. This topic is pinned. Cue the..................... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-02-09 08:41:33 Permalink
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	At least now they have another reason for the market to rise or fall... NEW YORK (MarketWatch) -- U.S. stock futures rose Thursday as U.S. jobless claims fell and Greek lawmakers reportedly reached an austerity deal. "As seen with Friday's payroll figure, the labor market continues to improve but we all watch for its sustainability in light of growing overseas challenges," emailed Peter Boockvar, equity analyst at Miller Tabak. ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-02-09 08:43:37 Permalink
Drench Posts: 28631 Incept: 2009-11-10	2012-02-09 08:43:45 Permalink
Bearshort Posts: 4487 Incept: 2007-09-13 NYC	Greek Unions agree to strike................ ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. 2012-02-09 08:46:16 Permalink
Argos Posts: 6337 Incept: 2008-03-23 The Green Mountain State	In his ECB Press Conference, Mario Draghi indicated that Papademos had contacted him to advise him that an agreement had been reached. 2012-02-09 08:46:50 Permalink
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	LONDON (MarketWatch) -- European Central Bank President Mario Draghi said at a press conference on Thursday that he has received a call from the Greek prime minister informing him that an agreement has been reached and endorsed by the major political parties in the country. Greek officials have been trying for several days to reach agreement on new austerity measures demanded by international creditors in exchange for a second bailout. Draghi declined to comment on the ECB's position on its holdings of Greek government bonds ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-02-09 08:56:36 Permalink
Bearshort Posts: 4487 Incept: 2007-09-13 NYC	Things that make you go hmmmmmmm, Greek 10 year up less than a 1/2 point yield still over 30%, 2 year Greek note also up less than 1/4 point, yield over 150% ($26.50). ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. Last modified: 2012-02-09 09:03:37 by bearshort 2012-02-09 08:57:04 Permalink
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm? I can't keep up.... ATHENS, Greece (AP) — Greece's crucial €130 billion ($173 billion) bailout was in limbo Thursday, after political leaders failed to accept the entire batch of new austerity measures that are demanded by creditors but have fueled outrage in the recession-hit country. After marathon meetings with party leaders and international debt inspectors that ended about 5 a.m. (0300GMT), Finance Minister Evangelos Venizelos headed to Brussels to meet his counterparts from the other 17 euro countries, hoping to rescue the agreement and stave off bankruptcy. "It is up to the eurogroup to decide at the highest level if the conditions are in place to proceed with the second (bailout) program," said Amadeu Altafaj Tardio, a spokesman for the European Commission, one of the three institutions charged with negotiating the rescue conditions. Also attending the meeting in Brussels will be Christine Lagarde, the head of the International Monetary Fund, as well as Mario Draghi, the president of the European Central Bank. Resistance is huge in Greece to more austerity. The country has endured two years of vicious spending cuts, the economy is in its fifth year of recession and unemployment is at a record 21 percent rate. Angry union leaders announced a 48-hour general strike for Friday and Saturday. ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates Last modified: 2012-02-09 09:05:52 by zarathustra 2012-02-09 09:00:55 Permalink
Staffpro Posts: 63 Incept: 2009-03-27	http://www.zerohedge.com/news/greece-res.... "Greece Responds To Troika Deal With Immediate Two Day Strike, Threatens With "Social Uprising" 2012-02-09 09:17:19 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Quote: A Greek deal would reinforce the reduction of contagion risks as investors discriminate between “small countries with serious problems (Greece, Portugal) and much bigger countries with smaller problems (Italy, Spain),” Schmieding said. http://www.bloomberg.com/news/2012-02-09.... 2012-02-09 09:17:55 Permalink
Zarathustra Posts: 5961 Incept: 2009-04-29 Funkytown	NEW YORK (MarketWatch) — Treasury prices fell modestly on Thursday, pushing yields higher, following credible signs that Greek leaders will soon formally announce a deal on austerity measures. The main U.S. event for the bond market, however, is the government’s 30-year bond auction later in the session. ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-02-09 09:24:10 Permalink
Dugless Posts: 67 Incept: 2008-04-26 New Hampshire	Although I have read a fair amount about the Greece issue, I am still trying to figure out who is exactly taking the 70% haircut. I guess it is mostly European banks. While Greece may be a fairly small country, this is still a pretty big hit with more PIIGS to follow. I still don't see how all this gets paid for (besides printing). I would think that the European banks do not have the capital for this. 2012-02-09 09:38:28 Permalink

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