"So, the European joke has come full circle. Indebted nations borrow
more money to bail out other indebted nations who ask insolvent banks to cut
a 50% off deal on the loans that were given to them, but the
insolvent banks will then have to raise capital which the will of course
borrow from the over-indebted nations whom they just gave money to. Get
it? Problem solved - BTMFD!!!
The rally is based off of bullshit and an inability to count. After the voluntary haircut (volunteered at gunpoint, may I add), Greece will still have roughly 120% debt to GDP ratio with a declining economy. Unsustainable still. I would fade this rally with careful stops..."
at http://www.zerohedge.com/contributed/banks-have-volunteered-gunpoint-get-50-their-money-taken-no-credit-event
The rally is based off of bullshit and an inability to count. After the voluntary haircut (volunteered at gunpoint, may I add), Greece will still have roughly 120% debt to GDP ratio with a declining economy. Unsustainable still. I would fade this rally with careful stops..."
at http://www.zerohedge.com/contributed/banks-have-volunteered-gunpoint-get-50-their-money-taken-no-credit-event
