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xchrom

(108,903 posts)

5. and you don't think it's fragile now?

Reply to DCBob (Reply #2)

Mon Jan 16, 2012, 03:21 PM

Jan 2012

the exposure has gotten worse -- not better -- more debt involved -- not less.

china slowing means no help from there -- japan has had a rethink on euro debt.

and of course the whole thing has pipelines right to wall street.

oh and the cherry on top -- the bail out fund itself has been downgraded.

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Greece increasingly likely to default. [View all] DCBob Jan 2012 OP

they've increased the trauma a greek default would cause by having let it go on so long. xchrom Jan 2012 #1

I disagree. DCBob Jan 2012 #2

No, xchrom is correct. girl gone mad Jan 2012 #3

We shall see. DCBob Jan 2012 #4

Default was always inevitable. girl gone mad Jan 2012 #6

There are two kinds of default. DCBob Jan 2012 #7

Greece could have had an orderly default at any time over the last few years. girl gone mad Jan 2012 #9

I never said indefinitely.. please keep it factual DCBob Jan 2012 #10

How is this for facts? girl gone mad Jan 2012 #14

Who will pay for the Greek social programs when they default? banned from Kos Jan 2012 #15

The Real Game is to eventually Tap the U.S. for another 100 trillion or so. The Dominio effect Katashi_itto Jan 2012 #36

Neo libs Harmony Blue Jan 2012 #40

Kick The Can... SoCalMusicLover Jan 2012 #18

This argument reminds me of the auto bailouts. DCBob Jan 2012 #20

The auto bailouts weren't just throwing good money after bad. girl gone mad Jan 2012 #32

The guy who wrote this is a Ron Paulian libertarian type. DCBob Jan 2012 #26

I posted it to DU because his information was 100% accurate. girl gone mad Jan 2012 #27

Maybe.. DCBob Jan 2012 #29

Can you address the content of the post? girl gone mad Jan 2012 #30

I already have. DCBob Jan 2012 #31

When Greece defaults Harmony Blue Jan 2012 #41

You do know that when Greece defaults their social spending will get whacked? banned from Kos Jan 2012 #11

It's a little bit of both. originalpckelly Jan 2012 #35

and you don't think it's fragile now? xchrom Jan 2012 #5

The US is much more stable now. DCBob Jan 2012 #8

The most important factor is the derivatives market FarCenter Jan 2012 #16

Link? That sounds like total bullshit. The CDS market is tiny. banned from Kos Jan 2012 #21

If CDS exposure is small, why all the emphasis on making the haicuts "voluntary"? FarCenter Jan 2012 #39

I've read that too. That the machinations in Berlin and Paris over that last couple of months pampango Jan 2012 #12

there was a story about a five year old girl found on the streets with a note roguevalley Jan 2012 #13

I agree with you customerserviceguy Jan 2012 #19

Yeah, that seems like common sense to most of us.. DCBob Jan 2012 #22

I've had a number of discussions with people here about the looming defaults customerserviceguy Jan 2012 #24

For sure the bottom line is its going to be hard on the Greek people no matter what. DCBob Jan 2012 #25

The denial has consistently come from the camp which pushed bailouts at all costs.. girl gone mad Jan 2012 #28

Greece should have defaulted months ago, before the unelected government was put in place. MNBrewer Jan 2012 #23

I have to admit, my first thoughts went to the unelected guys newly installed at the Greek helm riderinthestorm Jan 2012 #38

I agree 100% Harmony Blue Jan 2012 #34

Because they aren't progressives? Nt xchrom Jan 2012 #37

In Other News.... SoCalMusicLover Jan 2012 #17

Any sensible progressive predicted this long ago Harmony Blue Jan 2012 #33