REUTERS: Greece all set for June 5 DEFAULT

Discussion in 'Markets & Economies' started by Mike0770, May 21, 2015.

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  1. Mike0770

    Mike0770 New Member

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    Mike0770, May 21, 2015
    #1
  2. TheEnd

    TheEnd Well-Known Member

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    Good....I'm glad theyr'e defaulting.

    I*'m sick of reading about Greece all time and nothing ever happens!!!
     
    TheEnd, May 22, 2015
    #2
  3. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    I hope they don't. I don't have any metals.
     
    Naphthalene Man, May 22, 2015
    #3
  4. Phiber

    Phiber Well-Known Member Silver Stacker

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    Ain't happening if you believe in it, short the euro and make a killing
     
    Phiber, May 22, 2015
    #4
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    TreasureHunter, May 22, 2015
    #5
  6. TreasureHunter

    TreasureHunter Well-Known Member

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    DEFAULT is the DEFAULT source of stress nowadays.
     
    TreasureHunter, May 22, 2015
    #6
  7. Phiber

    Phiber Well-Known Member Silver Stacker

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    ZH is about as credible as a snake oil salesman trying to sell you a youth elixir.
     
    Phiber, May 23, 2015
    #7
  8. TheEnd

    TheEnd Well-Known Member

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    TheEnd, Jun 2, 2015
    #8
  9. Phiber

    Phiber Well-Known Member Silver Stacker

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    of course it doesn't! it ain't gonna happen, no matter how much you watch the news and wait for it...
     
    Phiber, Jun 2, 2015
    #9
  10. Oldsoul

    Oldsoul New Member

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    I agree with you on zerohedge. grexit - is however a possibility the current greek government is there to ruin Greece and damage the eu. Having said than greece will re-join the euro within 5 years.
     
    Oldsoul, Jun 2, 2015
    #10
  11. TheEnd

    TheEnd Well-Known Member

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    So would a Greek default be enough to cause a GFC2......even if its a small GFC???
     
    TheEnd, Jun 2, 2015
    #11
  12. Oldsoul

    Oldsoul New Member

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    Not anymore which is one reason it may be allowed to happen. Risk of bond contagion is low.

    There are bigger effects on forex and us rates but that would take years to unravel.
     
    Oldsoul, Jun 2, 2015
    #12
  13. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I'm expecting more market movement based on what happens with OPEC on the 5th than Greece. The default process takes ages.
     
    Caput Lupinum, Jun 2, 2015
    #13
  14. TheEnd

    TheEnd Well-Known Member

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    Wots happening with OPEC on the 5th???
     
    TheEnd, Jun 2, 2015
    #14
  15. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I'm expecting either a decent drop in oil based on OPEC not cutting production or a decent jump if they do. Either way I'm going to have me a piece of that action.
     
    Caput Lupinum, Jun 2, 2015
    #15
  16. TheEnd

    TheEnd Well-Known Member

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    O.k well I cannot wait until friday then thers lots going on......Lets hope oil takes another dive and we see petrol back down to $1.00 per litre.

    Our economy really needs cheap petrol at the moment.
     
    TheEnd, Jun 2, 2015
    #16
  17. Phiber

    Phiber Well-Known Member Silver Stacker

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    I guess, we can never be sure!
    Let me rephrase my statement and say that I believe everything will be done to avoid this possibility.
     
    Phiber, Jun 2, 2015
    #17
  18. TheEnd

    TheEnd Well-Known Member

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    Ye I reckon they will dodge a default in the end.....The rest is just making news for the sake of making news... :rolleyes:
     
    TheEnd, Jun 2, 2015
    #18
  19. Pirocco

    Pirocco Well-Known Member

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    I remember 2011 juni. Silver price going back up after the $50 > $32. Rising and again exceeding $40.
    Headline story: US government debt ceiling reached. US government bankrupt. A dozen topics with style The End Is Near.
    We're now 4 years later. US government didn't go bankrupt. Silver price now half the bottom that uptrend started from.
    And some other stories out there. Remember Osama Bin Laden? The Japan earthquake? And so on. None of the doomtalk saw Doom. Instead there was another red line: silvers price being driven lower and lower again.
    And now it's again such a story. Greece.
     
    Pirocco, Jun 2, 2015
    #19
  20. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Today is the suppose to be the last chance before June 5 with the IMF tabling their offer to the Greeks today
     
    Caput Lupinum, Jun 3, 2015
    #20
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