America's #1 Online Cigar Auction
first, best, biggest!

Last post 8 years ago by Gene363. 31 replies replies.
Greece is going bankrupt, so our stock market crashes?
Jump to Bottom | Previous Topic | Next Topic
fenderbendertex Offline
#1 Posted: Mon, Jun 29 2015, 6:55 PM EST
Joined: 08-17-2013
Posts: 1,139
Bear, weigh in...
Feel bad for Greece. I have some great friends from Athens. 25% unemployment in Greece, the news said about an hour ago.
jetblasted Offline
#2 Posted: Mon, Jun 29 2015, 7:05 PM EST
Joined: 08-30-2004
Posts: 42,595
Their debt seems to be a drop in the bucket compared to other nations.

I can't seem to wrap my head around how that one small nation will bring down the rest . . .

jackconrad Offline
#3 Posted: Mon, Jun 29 2015, 7:34 PM EST
Joined: 06-09-2003
Posts: 67,461
Greece has been borrowing everyone's money for many years the debt is Huge.. Also this is MBBE considered the start of something much bigger..
Speyside Offline
#4 Posted: Mon, Jun 29 2015, 7:40 PM EST
Joined: 03-16-2015
Posts: 13,106
Honestly, the market drop seems to be a knee jerk reaction to me. If Greece defaults and goes off of the Euro it should have minimal effect here.
Gene363 Offline
#5 Posted: Mon, Jun 29 2015, 9:06 PM EST
Joined: 01-24-2003
Posts: 30,822

There is a phrase to describe what is going on in Greece: The Future
MACS Offline
#6 Posted: Mon, Jun 29 2015, 9:06 PM EST
Joined: 02-26-2004
Posts: 79,798
Greece is going bankrupt, so is Puerto Rico.

Now what do they have in common with us... Think

Oh yeah... huge debt, high taxes on the working folks, so they can hand it out to the sick, lame, and lazy. Hold onto your hats, folks... Gonz
danmdevries Offline
#7 Posted: Mon, Jun 29 2015, 9:34 PM EST
Joined: 02-11-2014
Posts: 17,406
Gene363 wrote:
There is a phrase to describe what is going on in Greece: The Future
fenderbendertex Offline
#8 Posted: Tue, Jun 30 2015, 9:10 AM EST
Joined: 08-17-2013
Posts: 1,139
Speyside wrote:
Honestly, the market drop seems to be a knee jerk reaction to me. If Greece defaults and goes off of the Euro it should have minimal effect here.

I really hope you're right...
fenderbendertex Offline
#9 Posted: Tue, Jun 30 2015, 9:11 AM EST
Joined: 08-17-2013
Posts: 1,139
Gene363 wrote:
There is a phrase to describe what is going on in Greece: The Future

I'm afraid you're right...
teedubbya Offline
#10 Posted: Tue, Jun 30 2015, 9:37 AM EST
Joined: 08-14-2003
Posts: 95,637
go in now before the markets rebound.
ZRX1200 Offline
#11 Posted: Tue, Jun 30 2015, 9:38 AM EST
Joined: 07-08-2007
Posts: 60,617
5&6...yup.
frankj1 Offline
#12 Posted: Tue, Jun 30 2015, 12:04 PM EST
Joined: 02-08-2007
Posts: 44,222
Speyside wrote:
Honestly, the market drop seems to be a knee jerk reaction to me. If Greece defaults and goes off of the Euro it should have minimal effect here.

that's what I hear.

been hearing the sky is falling since I first signed up here though...
Speyside Offline
#13 Posted: Tue, Jun 30 2015, 12:09 PM EST
Joined: 03-16-2015
Posts: 13,106
It isn't?
deadeyedick Offline
#14 Posted: Tue, Jun 30 2015, 12:11 PM EST
Joined: 03-13-2003
Posts: 17,103
Greece is just getting what they have coming from many years of deficit spending and kicking the can down the road. Just like many Euro socialist countries.

The good 'ol USA is not far from that future either but you won't hear any concrete agenda to address it from any of the candidates.

DED
fenderbendertex Offline
#15 Posted: Sat, Jul 4 2015, 8:25 AM EST
Joined: 08-17-2013
Posts: 1,139
deadeyedick wrote:
Greece is just getting what they have coming from many years of deficit spending and kicking the can down the road. Just like many Euro socialist countries.

The good 'ol USA is not far from that future either but you won't hear any concrete agenda to address it from any of the candidates.

DED

I totally agree, DED. That's one reason I posted this - what's our national deficit now?

I actually get calls and e-mails on due dates, especially from Freddie Mac's girlfriend Sallie Mae. What would happen if certain countries did that to the USA?
QMPASH Offline
#16 Posted: Mon, Jul 6 2015, 8:10 AM EST
Joined: 03-15-2011
Posts: 897
jackconrad wrote:
Greece has been borrowing everyone's money for many years the debt is Huge.. Also this is MBBE considered the start of something much bigger..


As of today; July 6, 2015; Greek voters, at the urging of their leftist president, have overwhelmingly turned down the deal offered by their European creditors. Having done so, the Greeks have virtually guaranteed bank failures, unemployment and vast food and energy shortages. Admittedly, the "offer" was strong medicine, but it is certainly preferable to what now faces the Greek nation.
Speyside Offline
#17 Posted: Mon, Jul 6 2015, 10:20 AM EST
Joined: 03-16-2015
Posts: 13,106
I think Greece is about to find out a drachma has no value to the rest of the world.
jetblasted Offline
#18 Posted: Mon, Jul 6 2015, 10:41 AM EST
Joined: 08-30-2004
Posts: 42,595
And, the government is about to raid citizens bank accounts & safety deposit boxes, too ...
Speyside Offline
#19 Posted: Mon, Jul 6 2015, 10:43 AM EST
Joined: 03-16-2015
Posts: 13,106
Yeah, I feel sorry for the people who deposited Euros and will probably get back drachmas.
ZRX1200 Offline
#20 Posted: Mon, Jul 6 2015, 11:28 AM EST
Joined: 07-08-2007
Posts: 60,617
This isn't just Greece's fault.

The banks damn well knew Greece couldn't afford those loans. Get people addicted and give them what they want, then take it away. Drug dealers and bankers have alot in common, well except jail.
victor809 Offline
#21 Posted: Mon, Jul 6 2015, 12:38 PM EST
Joined: 10-14-2011
Posts: 23,866
Headed to Greece in 2 weeks. This should be fun. Bringing lots of cash....
BuckyB93 Offline
#22 Posted: Mon, Jul 6 2015, 1:02 PM EST
Joined: 07-16-2004
Posts: 14,209
Taking your homeless beating show international? Prolly be plenty there to choose from.
victor809 Offline
#23 Posted: Mon, Jul 6 2015, 1:25 PM EST
Joined: 10-14-2011
Posts: 23,866
Hells yeah. I got tired of the same homeless day in day out here in SF. (Not really, there's so many damn homeless and new ones seem to pop up daily)

Nah, gf is maid of honor or whatever in a wedding.
tonygraz Offline
#24 Posted: Mon, Jul 6 2015, 2:50 PM EST
Joined: 08-11-2008
Posts: 20,267
Ouzo !
cacman Offline
#25 Posted: Tue, Jul 7 2015, 12:19 AM EST
Joined: 07-03-2010
Posts: 12,216
Gene363 wrote:
There is a phrase to describe what is going on in Greece: The Future

And we have a winner by a nose for posting first, followed closely by DED!
whip
teedubbya Offline
#26 Posted: Tue, Jul 7 2015, 6:49 AM EST
Joined: 08-14-2003
Posts: 95,637
Putting more money in to the market just like the last time folks panicked. Hope it turns out the same. It usually does.
DrafterX Offline
#27 Posted: Tue, Jul 7 2015, 7:30 AM EST
Joined: 10-18-2005
Posts: 98,555
I blame Bloody. ... Mellow
QMPASH Offline
#28 Posted: Tue, Jul 7 2015, 8:19 AM EST
Joined: 03-15-2011
Posts: 897
ZRX1200 wrote:
This isn't just Greece's fault.

The banks damn well knew Greece couldn't afford those loans. Get people addicted and give them what they want, then take it away. Drug dealers and bankers have alot in common, well except jail.


It's NOT Greece's fault? Then, pray tell, who employs most of the people and gives them fantastic, almost unbelievable benefits as well as pensions? I'll answer that by telling you that Greece has a socialist, "nanny-state" government. With few exceptions, most of the goods used and sold in Greece come from foreign sources. Without cash to pay for them and no credit, there will be shortages of food, medicine, fuel, clothing and manufactured goods. Banks will close and depositors will lose most, if not all of their money, which would be useless anyway, with the skyrocketing inflation that is sure to follow. After that will be mass unemployment, starvation and civil unrest. Not a pretty picture.
tonygraz Offline
#29 Posted: Tue, Jul 7 2015, 8:48 AM EST
Joined: 08-11-2008
Posts: 20,267
Apparently the Greeks think they can better handle the problem on their own. They will be more likely to accept the dire consequences.
DrafterX Offline
#30 Posted: Tue, Jul 7 2015, 9:41 AM EST
Joined: 10-18-2005
Posts: 98,555
Greece is da word.... Mellow
Gene363 Offline
#31 Posted: Tue, Jul 7 2015, 11:37 AM EST
Joined: 01-24-2003
Posts: 30,822

Greece is about to spray some Windex.
Users browsing this topic
Guest
Back to Top