Asheron Posted January 16, 2012 Share Posted January 16, 2012 (edited) 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) Edited January 16, 2012 by Asheron Quote Link to comment Share on other sites More sharing options...
Oh Well :( Posted January 16, 2012 Share Posted January 16, 2012 Is this news? Did you know that the Normans had won the Battle of Hastings? Quote Link to comment Share on other sites More sharing options...
HouseDog Posted January 30, 2012 Share Posted January 30, 2012 [quote name=Oh Well ' timestamp='1326739132' post='3233840] Is this news? Did you know that the Normans had won the Battle of Hastings? Oh bugger! Quote Link to comment Share on other sites More sharing options...
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