[FoRK] World stocks dive on Greece turmoil

fraber at fraber.de fraber at fraber.de
Thu May 17 00:18:21 PDT 2012


You need to be European to understand that :-)

I the behave well, they will get more help later
on. But the "punishment" psychology is important
(Merkel is protestant/calvinistic), so that no 
other European country will start going down the 
same road.

Cheers,
Frank 

-----Ursprüngliche Nachricht-----
Von: fork-bounces at xent.com [mailto:fork-bounces at xent.com] Im Auftrag von Ken
Ganshirt @ Yahoo
Gesendet: Donnerstag, 17. Mai 2012 01:23
An: fork at xent.com
Betreff: [FoRK] World stocks dive on Greece turmoil

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??

         ...ken...
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