[FoRK] World stocks dive on Greece turmoil
Ken Ganshirt @ Yahoo
ken_ganshirt at yahoo.ca
Wed May 16 16:23:29 PDT 2012
I don't comprehend this [stock market silliness]. It doesn't matter what Greece does; they're screwed anyway.
If they refuse the bailout and continue deficit spending they're screwed and will default.
If they accept the bailouts and try to implement the brutal austerity measures that are the condition for the bailouts they're screwed and will default.
The only question is which course will force them into default quicker.
Can someone tell me why the stock markets are in such a tizzy about this at this point? It should have been obvious months ago what the outcome will be and should already be priced into anything that might be affected by a Greek default.
..... Shouldn't it??
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