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S&p Says Greek Default Imminent


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#1 Asheron

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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)

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/

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#2 Oh Well :(

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Posted 16 January 2012 - 06:38 PM

Is this news?

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

#3 HouseDog

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Posted 30 January 2012 - 11:15 PM

Is this news?

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


Oh bugger! <_<




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