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muriel_volestrangler

(106,600 posts)

17. Though, oddly, European markets haven't gone down so much

Reply to brooklynite (Original post)

Mon Jul 6, 2015, 05:16 AM

Jul 2015

Japan's Nikkei index fell more than 2%, while Paris' Cac 40 and Frankfurt's Dax dropped 1.4% and 1.6% respectively, a more muted reaction than forecast.

In London, the FTSE 100 slipped 0.9%.

http://www.bbc.co.uk/news/business-33405583

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Asia markets' Grexit bloodbath: Latest on stocks, FX, commodities [View all] brooklynite Jul 2015 OP

Great time to buy equities. Greece has an economy 1/8 the size of Italy. geek tragedy Jul 2015 #1

I feel like people Aerows Jul 2015 #2

You sound like Schulz or Barroso...lol. roamer65 Jul 2015 #4

The US has more debt (as a percentage) than Greece. Our "advantage" is jonno99 Jul 2015 #5

Greece has about twice as much debt as the US Travis_0004 Jul 2015 #7

Also, a very high percentage of our debt is an accounting gimmick--intragovernmental geek tragedy Jul 2015 #11

Its not really an accounting gimmick Travis_0004 Jul 2015 #22

But it's debt the government owes itself geek tragedy Jul 2015 #24

They owe it to me an you, and every american. Travis_0004 Jul 2015 #25

That intra-gov't lending means the US public debt is actually twice what is officially listed. leveymg Jul 2015 #27

I stand corrected - thanks (still way too much though - imho). nt jonno99 Jul 2015 #21

That's not correct. US's debt/GDP ratio is 71%. Greece's is 180%. geek tragedy Jul 2015 #9

I stand corrected - thanks (still way too much though - imho). nt jonno99 Jul 2015 #20

The real key is the cost of debt maintenance. Adrahil Jul 2015 #23

You are so wrong it's awesome. Where did you read this??? Yo_Mama Jul 2015 #30

One bad apple MannyGoldstein Jul 2015 #8

Markets freak out when there is uncertainty. geek tragedy Jul 2015 #10

Derivatives Turbineguy Jul 2015 #19

You should tell Bernie about that. delrem Jul 2015 #12

The discussion is about equities markets. geek tragedy Jul 2015 #13

Huh? I was approving of your democratic socialism, geek tragedy! delrem Jul 2015 #14

I in turn applaud your placing a higher priority on stroking your geek tragedy Jul 2015 #15

You say that your thinking doesn't help Bernie?? delrem Jul 2015 #16

So what are your recommendations for exploiting the Greek demise? riderinthestorm Jul 2015 #33

I personally do not trade stocks. geek tragedy Jul 2015 #34

Have read it will likely keep mortgage rates low into next year tomm2thumbs Jul 2015 #3

Let the markets have their temper tantrum bluestateguy Jul 2015 #6

Though, oddly, European markets haven't gone down so much muriel_volestrangler Jul 2015 #17

"U.S. crude suffering the biggest declines". To me this is good news, I'm happy with the extra cash! Sunlei Jul 2015 #18

Unless modrepub Jul 2015 #26

The Saudis have $900B in reserves. They'll take a larger stake in their JVs at cutthroat prices. leveymg Jul 2015 #28

Its a risk to invest in things like oil or gold and always expect the profits continue forever more Sunlei Jul 2015 #29

Much of this has little to do with Greece. No one's saying "China", because that's the elephant Yo_Mama Jul 2015 #31

Meh Art_from_Ark Jul 2015 #32