Categotry Archives: The Greek Cheesy Cover Up

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Why so much content and party spirit on the Creek tragedy ?

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Categories: The Greek Cheesy Cover Up

When creditors are forced to accept big losses, as they did this week for Greece, that’s called a DEFAULT (bankruptcy) . When an economy contracts by close to 7%, as it’s doing now in Greece, that’s called a DEPRESSION. And when at least four other countries are in line for the same fate, that’s called a DISASTER! Not exactly cause for celebration, is it?

All what is happening so far is extending the pain for the country to default later, with the expense of other countries tax payers hard earn money.

Good trading and trade safe !

Erik

 

 

 

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As I write this, the world is holding its breath over Greece’s massive debts.

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Categories: The Greek Cheesy Cover Up

As I write this, the world is holding its breath over Greece’s massive debts.

The Greek government, European Central Bank and euro-zone leaders are in meetings with investors who own Greek bonds, trying to shove massive losses down their throats.

Unsurprisingly, the private bondholders — mostly other governments, banks and hedge funds — are fighting any “haircut” tooth and nail.

At this point, only one of two things can happen:

They could announce that they have come to an agreement …

OR, they could announce that they have failed to reach an agreement — in which case, the Greek government will be forced to default on its debt.

Which way will it go? Nobody knows for sure, of course. I’m guessing that the bondholders will ultimately relent and a deal will be reached.

But here’s the thing: The announcement could come at any moment. It may have already happened before you see this post!

And when it does, it will almost surely hit stocks like a ton of bricks: If last year is any guide, a deal could send stocks screaming higher. On the other hand, if there is no deal, stocks could plunge.

But agreement or no agreement, this situation perfectly highlights the #1 question you need to answer in the year ahead …

How do you invest in a crazy world like this one?

The great news is, there is a way for prudent, safety-conscious investors to grow wealth consistently today.

I will touch base later on with more info’s until then for now

Good trading

Erik

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The Great Greek Cheesy Cover Up !

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Categories: News Flash World Economy, The Greek Cheesy Cover Up

Right now, we’re seeing much the same global reaction we saw after many of the union’s previous 13 crisis summits:

Officials are congratulating themselves for doing next to nothing. The media is proclaiming the meetings “successful.” So are all stock markets and currencies except for the dollar.

But let’s consider the real news:

— There are no details on how the ECB will raise the money needed to fund the bailout mechanism to the tune of $1.4 trillion. The ECB is very reluctant to just print money like the USA FED has done in the past, so where will the money come from? Nobody knows!

— Even Europe’s banks have no idea where they’re going to get the $150 billion of additional funding that they’re being ordered to come up with. Plus, insiders say that the requirements are so liberal that even troubled banks could avoid compliance with little if any trouble.

— And perhaps worst of all, savvy analysts and traders know that $1.4 trillion, as large as that figure is, is nowhere near enough to kill Europe’s debt crisis in its tracks. Experts predict that as much as $3 trillion will be needed!

So where’s the beef behind Europe’s latest news? WELL, THERE IS NONE!

The next steps I believe are predictable: On the short term, over the next few days, the reality of the union’s hopeless situation will set in with investors. The euro will continue its collapse. And unless I miss my guess or a miracle happens over night, the investments I use at times like this will skyrocket in value.

 

Good Trading

 

Erik