Black Monday

Discussion in 'Trading' started by bond_trad3r_II, Jun 28, 2015.

  1. Are you really wearing a tinfoil hat and participate in this ridiculous bridge building of anecdotes? I thought of you as more intelligent.

    So now Goldman and Draghi are responsible for the mess in Greece? Lol

     
    #191     Jul 5, 2015
  2. Which non Greek politician or beurocrats lied to "get Greece in"? And to whom did they lie and more importantly why? You make some of the most crass accusations yet keep on rejecting to substantiate your claims.

     
    #192     Jul 5, 2015
  3. tiddlywinks

    tiddlywinks

    Power. That was the intent of the Euro experiment. One for all and all for one. Unfortunately for Brussels, it now (over the next couple years) will turn into job preservation. It's really quite simple.
     
    #193     Jul 5, 2015
  4. i960

    i960

    No, that's not what I'm saying. I'm simply saying almost everything Goldman gets involved with turns to shit in other's hands - by design.
     
    #194     Jul 5, 2015
  5. How is that related? Goldman advised Greece on some finances but was not involved to my knowledge when Greece joined the euro.

     
    #195     Jul 6, 2015
  6. Ditch

    Ditch

    Goldman cleaned up the balance sheet of Greece in order to be able to join the Euro.
     
    #196     Jul 6, 2015
  7. SunTrader

    SunTrader

    Greece: The Self-Inflicted Wounds of a Careless Country

    http://www.msn.com/en-us/money/econ...icted-wounds-of-a-careless-country/ar-AAcHvJP

    Just a small snippet of the full article:

    "Greece has been cooking its books for decades. In 1992, the early days of uniting Europe, members were required to keep deficits below 3 percent of GDP. From the outset, Greece cheated. At the time, the nation’s railway system had more employees than customers and was running a billion Euros a year in the red. One former minister was quoted as saying that it would be cheaper to send everyone around by taxi than by rail. The company masked its losses by selling stock to the government; the transfers showed up as balance sheet transactions, hiding the gusher of red ink."
     
    #197     Jul 8, 2015
  8. SunTrader

    SunTrader

    Yet another deadline approaching Sunday. Probably will be extended ... again.
     
    #198     Jul 11, 2015