I see the Euro breaking up within two years, possibly with the northern countries under one Euro, and the southern and service countries under another.

 

FWI: The US pays about 2.2% interest on loans, while Greece has to pay over 26.%! Add in that over 140% of their GDP goes to their debt, Greece will never get out of this trouble.

 

Italy has bonds of 8%, but will you want to take that risk on a 20 year bond?

 

I am also hearing that China will have major trouble within the next 1 to 2 years as they have been falsifying their numbers for awhile now.

 

That's when the party really starts.

The markets have seemed to respond well to this move, hopefully it's not just a bandade for bullet wound type of move.

 

Yeah! My 401K gained $12.00 today! Woot!

Yeah! My 401K gained $12.00 today! Woot!

 

Ballin

The markets have seemed to respond well to this move, hopefully it's not just a bandade for bullet wound type of move.

 

 

Lowering interest rates is like slowing the leaks of the gashes in the Titanic.

 

Cash is king right now. This is not the time to be 100% in the market...or even 50%...

It's back.

 

In truth, it's never really gone away, but the combination of part of the Greek bailout package failing plus the recent rounds of elections in France and Greece, things have really changed. On Monday, Greek banks saw $898 million walk out the door. They're facing a full-on bank run while right on the edge of new elections, elections in which nationalist parties that despise the controls being put on them as conditions of the EU bailout package.

 

The French have now completely rejected the German and British austerity model by electing a Socialist, Francois Hollande, to replace the more conservative Nicholas Sarkozy (though the strong showing by the right-wing National Front could make for some interesting results when parliamentary elections come around again).

 

Well, what now?

Well, what now?

Haven't paid much attention to this the past week, but I did hear that yesterday over 800 million euros were withdrawn from banks as Greeks are worried. Getslow, did you mean Tuesday? Or did they have a run on the banks Monday as well? If they also had a run Monday, almost 2 billion in two days, wow!

 

If I am not mistaken, Greece lied about their debt which is part of their problem now. Didn't they claim they had like 100 million in debt and it ended up being 1 billion in debt?

 

But, the euro is a sinking ship, as it is now, I give the euro 3 more years until it breaks up. I see two euros down the road, one for the northern and western nations, and another for the southern and eastern nations.

I have a bad feeling about the voting today in Greece.

 

If they leave the Euro Zone we all will be baxk where we were in 2008. It will not matter who wins our elections in Nov, neither Obama or Rommey will ne able to do much.