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In reply to the discussion: Greece increasingly likely to default. [View all]girl gone mad
(20,634 posts)27. I posted it to DU because his information was 100% accurate.
You should attack me, since I fully endorse his post.
I disagree with Mish on many, many things, but he is one of the few who has been consistently right about Greece and he has been right in calling out the inflationistas. Welcome to the financial blogosphere, where reputation for making accurate calls counts more than blind partisanship.
It's sad to me when libertarians have more heart and brains than the so called progressives, who would carve Greece up and hand it over to the fascists in order to protect a few wealthy bondholders from bearing losses.
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they've increased the trauma a greek default would cause by having let it go on so long.
xchrom
Jan 2012
#1
Greece could have had an orderly default at any time over the last few years.
girl gone mad
Jan 2012
#9
The Real Game is to eventually Tap the U.S. for another 100 trillion or so. The Dominio effect
Katashi_itto
Jan 2012
#36
You do know that when Greece defaults their social spending will get whacked?
banned from Kos
Jan 2012
#11
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'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