REUTERS: Greece all set for June 5 DEFAULT

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

I*'m sick of reading about Greece all time and nothing ever happens!!!
 
Ain't happening if you believe in it, short the euro and make a killing
 
ZH is about as credible as a snake oil salesman trying to sell you a youth elixir.
 
of course it doesn't! it ain't gonna happen, no matter how much you watch the news and wait for it...
 
Phiber said:
of course it doesn't! it ain't gonna happen, no matter how much you watch the news and wait for it...
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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.
 
TheEnd said:
So would a Greek default be enough to cause a GFC2......even if its a small GFC???
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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.
 
I'm expecting more market movement based on what happens with OPEC on the 5th than Greece. The default process takes ages.
 
Caput Lupinum said:
I'm expecting more market movement based on what happens with OPEC on the 5th than Greece. The default process takes ages.
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Wots happening with OPEC on the 5th???
 
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 said:
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.
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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.
 
Oldsoul said:
Phiber said:
of course it doesn't! it ain't gonna happen, no matter how much you watch the news and wait for it...
Click to expand...

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.
Click to expand...

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 said:
Oldsoul said:
Phiber said:
of course it doesn't! it ain't gonna happen, no matter how much you watch the news and wait for it...
Click to expand...

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.
Click to expand...

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.
Click to expand...

Ye I reckon they will dodge a default in the end.....The rest is just making news for the sake of making news... :rolleyes:
 
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.
 
Today is the suppose to be the last chance before June 5 with the IMF tabling their offer to the Greeks today
 
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