[FoRK] World stocks dive on Greece turmoil
Joseph S. Barrera III
j3 at barrera.org
Thu May 17 00:30:52 PDT 2012
Let me try to translate that into American English.
There is a philosophy of, "if you behave well, you will get more help
But, the punishment psychology is so important, that, um... ? No other
country wants that amount of punishment no matter what the promise of
help later on? Because the punishment is so severe?
P.S. Germany and the U.S. may fight it out about who is the most
Calvinistic country, but for the past few decades the US has been the
clear winner. Germany may be catching up, however. Germany is facing the
same crisis as if the US had actually won the civil war and then had to
absorb East, um, South America, um, I mean the Southern States. You
know, North Carolina and whatever.
On 5/17/2012 12:18 AM, fraber at fraber.de wrote:
> 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.
> -----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
> 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
> ..... Shouldn't it??
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