Green Energy
- In Response To Economic Pressure From The Eu, Greece Threatens To Unleash Wave Of Migrants On The Rest Of Europe 'including Isis Jihadists'
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- Dow Breaks 7000 – Where’s The Bottom?
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Green Energy
Greece = Lehman in 2012?
The thought in the mind of every finance freak on the planet while they reassure everyone all is wonderful in order to avoid the panic which might be coming anyway.
CNN:
Is Greece the Lehman of 2012?
That seems to be Wall Street’s tune these days. Sure, investors are worried about Europe. And they should be. But so far, the market is acting as if the recent turmoil in Greece is merely a repeat of last summer — and not the second coming of 2008.Stocks have pulled back from this year’s earlier highs, but it’s been a fairly orderly sell-off, not a full-blown panic.That’s just like a year ago. Investors were giddy in the first few months of 2011 until they came to grips with the fact that Europe’s woes were not going to be solved overnight. But they also realized that Europe would not sink the entire global economy.Flash forward a year and it still appears that the market is prepared for, and not afraid of, potentially nightmarish scenarios in Europe.Many experts believe an eventual departure of Greece from the eurozone is already priced into stocks, bonds and currencies. The return of the drachma may not necessarily be analogous to the bankruptcy of Lehman Brothers — especially since Greece’s crisis has been playing out since early 2010.“Is this a Lehman-like event? Banks and markets have been preparing for this for years,” said John Canally, investment strategist for LPL Financial in Boston. “And the global economy is in a lot better place than it was in 2008.”
Does anyone else remember after Bear Sterns croaked in an orgy of Paulsoneque merger frenzy the reassurances that Lehman had enough cash, and even if they didn’t the economy as a whole was fine?
Greece?
It’s all ok people.
The world is in a much better place than 2008.
The banks have enough cash, and even if they didn’t ….
Well, the fed always has those plates.
What d’ya think, Sept 15, 2012 just for the helluvit?
- In Response To Economic Pressure From The Eu, Greece Threatens To Unleash Wave Of Migrants On The Rest Of Europe 'including Isis Jihadists'
"Migrants" From the Independent: Greece has threatened the rest of Europe with a “wave of economic migrants” that could include Isis militants if the country is allowed to go bust by international lenders. In a shock escalation of the rhetoric...
- In Case You Wondered, They Are Just As Dumb, But Their Mistakes Are Kinda Sorta Bigger
So, you read the Consumer Reports, and the Newegg Customer reviews, and you felt confident and bought that $450 LED/LCD and the picture sucks.You due diligence effort was commensurate in time with the risk you tookSo after Lehman croaked (was allowed...
- The Greek People As In 480 Bc Will Decide The Fate Of Western Europe? Maybe
The Greek govt (properly in my view) has now called for a referendum to let the people decide if they are going to go along with a Euro-Debt-Bailout-Protect the rest program which forgives 50% of their loan debt as a sovereign nation, but also will include...
- Just Say We Will Suck Less Than Everyone Else
Telegraph UK:World power swings back to AmericaThe American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch...
- Dow Breaks 7000 – Where’s The Bottom?
The DOW broke through the psychological support at 7000 this morning. So where’s the bottom? Bottoms happen when there is a wash out. These are the conditions for a wash out – and we’re not there yet. Experts say many of the conditions associated...