House Price Crash forum: S&p Says Greek Default Imminent - House Price Crash forum

Jump to content

powered by
Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

S&p Says Greek Default Imminent S&P Says Greek Default Imminent Rate Topic: -----

#1 User is offline   Asheron 

  • HPC Veteran
  • PipPipPipPip
  • Group: New Members
  • Posts: 1,084
  • Joined: 05-March 11

Posted 16 January 2012 - 06:09 PM

Time for the dominos to fall where they may: head of sovereign ratings at S&P Kraemer spoke on Bloomberg TV, and said the following:

KRAEMER: GREECE, CREDITORS `RUNNING OUT OF TIME' IN DEBT TALKS -BBG
KRAEMER: EURO LEADERS HAVEN'T TACKLED CORE UNDERLYING PROBLEMS -BBG
KRAEMER SAYS EUROPE MUST DEAL WITH IMBALANCES, COMPETITIVENESS -BBG

And the punchline:

KRAEMER SAYS HE BELIEVES GREECE WILL DEFAULT SHORTLY - RTRS

The only thing he did not add is that the default will be Coercive. What happens next is anyone's guess, but whatever it is it is certainly priced in. Also, let's not forget that the inability of the market to react to any news ever again is most certainly priced in.


(ZeroHedge)

This post has been edited by Asheron: 16 January 2012 - 06:10 PM

Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#2 User is offline   Oh Well :( 

  • HPC Regular
  • PipPipPip
  • Group: Members
  • Posts: 320
  • Joined: 06-October 08

Posted 16 January 2012 - 06:38 PM

Is this news?

Did you know that the Normans had won the Battle of Hastings?

#3 User is offline   HouseDog 

  • HPC Veteran
  • PipPipPipPip
  • Group: Members
  • Posts: 1,426
  • Joined: 23-January 06

Posted 30 January 2012 - 11:15 PM

View PostOh Well :(, on 16 January 2012 - 06:38 PM, said:

Is this news?

Did you know that the Normans had won the Battle of Hastings?


Oh bugger! <_<

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users