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Another European county, Greece, goes bankrupt!

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subbuteo
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Postby subbuteo » Wed, 05 May 2010 9:24 pm

Mad Scientist wrote:
subbuteo wrote:I think CIA uses the outstanding Sing dollar Bonds as the debt number. Over the last 10 years, there was a need to development a deeper bond market even though the govt does not need to borrow. So they came up with benchmark issues every 2 weeks to draw a yield curve. It not meaningful as the system is flush with cash, therefore yields are close to zero. Which means they dont want you to buy their bonds, but its offered just for the record.


You lost me here. How did you come up with this ? I am not trying to ridicule you but just cannot understand the meaning of your posting

:???:


Thats Ok. Because you are in Timbuktu.

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sundaymorningstaple
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Postby sundaymorningstaple » Wed, 05 May 2010 11:01 pm

Therefore, because you did not try to explain, even when asked, I would have to assume you don't have a clue either. I frankly didn't understand it either.

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Postby Mad Scientist » Thu, 06 May 2010 5:56 am

subbuteo wrote:
Mad Scientist wrote:
subbuteo wrote:I think CIA uses the outstanding Sing dollar Bonds as the debt number. Over the last 10 years, there was a need to development a deeper bond market even though the govt does not need to borrow. So they came up with benchmark issues every 2 weeks to draw a yield curve. It not meaningful as the system is flush with cash, therefore yields are close to zero. Which means they dont want you to buy their bonds, but its offered just for the record.


You lost me here. How did you come up with this ? I am not trying to ridicule you but just cannot understand the meaning of your posting

:???:


Thats Ok. Because you are in Timbuktu.


Yeah I am in Timbuktu BUT I HAVE LOTS OF GOLD TO INVEST !!!!

SO come on explain to me and enlighten me. Show me the way on how you come up with this. MAKE ME UNDERSTAND OR ARE YOU ONE OF THOSE that throw the STONE and hide their hands after that ? Hm ....?
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

anneteoh

Re: Another European county, Greece, goes bankrupt!

Postby anneteoh » Thu, 06 May 2010 7:46 am

tkuanhoo wrote:European countries that went bankrupt in just the past 5 years alone ->

Greece, Hungary, Romania, Latvia, Belarus, Serbia, Moldova! Bulgaria, Portugal, Spain and Italy are looking shaky.

Why do European countries have a tendency of going bankrupt?


I gather socialism without business investments is a hugely expensive no returns economy. BTW, thanks for opening this most recent topic. The news today is that there was a massive mass protest, with some degree of violence. Some radicals set fire to a bank and killed 3 innocent workers inside while many ran about in fear and panic as the fire blazed - as if that would give them an economic uplift.
It goes to say that democracy without responsibility in serious times like this is a wild concept. When the people rise up in a mass protest, it's more akin to war than free speech. They really should have a platform for Pythogoras, Euclides, Plato and such classical Greek thinkers instead of setting failing banks on fire. Can anyone do without a bank today? Or are the Spartans returning with an alternative?
My answer to your question is that all the 'European' countries you lumped together above are not the same; instead one can differ greatly from the other. For instance, I know Greece better than the rest, It's a great country - the first impressive Olympics ever held before the one in Beijing. They had resisted their fascist general and had suffered to some extent so there evolved a rembetika culture that promotes inebriated serenading to the moonless nights when tyrants seize power and they sing for the simple life, freedom and poetry etc with their bazoukas. (You Tube)
Is it a matter of reckless spending by the governments or the uncanny ways fat cats fiddle with other people's money, or embezzle for their huge bonuses? Heard of Lehmen Brothers, Goldman Sachs and the lack of transparency - if tranparency's possible within the banking system - and investment shares companies pulling wool over investors' eyes whilst indulging in fradulent ways?
Personally , I should have had a deja vu when a minor teacher (foreign classroom assistant) confided in me that he owed the Bank of England half a million pounds in 1999. I was amazed - and asked if he was very worried. He replied, as if he's just saying 'good monring' , that he wasn't bothered at all because it was the stupidity of the bank to think his business would succeed. What business indeed! And which bank! But how did a nobody ever succeed in borrowing that amount from a bank that didn't really know anything about its customer?
I wasn't that interested then, about loans and banks; but it does strike a pertinent question today. Any good reporters around? One wishes they'll get on with the real stuff instead of messing about politiking and putting others down.
So tkuanhoo ( say, your name sounds a homophone with the venerated Lee KuanYew , or are you being satirical?) , don't worry about the rudeness of reporter and X who slighted you and name called you, I, and many others, I hope, would be interested to hear your views.
I am especially interested in posing a question for Singapore. Will she be able to get together a social welfare system - free medicine, social welfare money, care for the aged, housing for the jobless, disabled and all kinds of people who have lost out? Would it be possinle to make such charities investment businesses? Will it be better to develop a completely different model of social welfare or even, in the most extreme case, not to have any social welfare dependents at all?
Can we really have a Utopian state without materialism dominating all aspects of our life, as it looks like it's going to be?
Last edited by anneteoh on Thu, 06 May 2010 8:44 am, edited 2 times in total.

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Postby Mad Scientist » Thu, 06 May 2010 8:30 am

=D> =D>

Great Speech !!!

I guess you have not heard about the weekend troll , have you ??
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Postby SunWuKong » Thu, 06 May 2010 8:53 am

Only the pessimism of youth can engender the imagining of a utopian state. Allow me to quietly euthanase the Easter Bunny for you; there is not, and never will be, such a thing as a Utopian state.
The nature of Monkey was ... irrepressible!

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Postby nakatago » Thu, 06 May 2010 8:56 am

SunWuKong wrote: there is not, and never will be, such a thing as an Easter bunny


NO!!! TAKE THAT BACK!!! YOU LIE!!!
:x
:mad:
:P
:lol:

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x9200
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Postby x9200 » Thu, 06 May 2010 11:34 am

Mad Scientist wrote:=D> =D>

Great Speech !!!

I guess you have not heard about the weekend troll , have you ??

On the contrary. I bet.

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Postby sundaymorningstaple » Thu, 06 May 2010 1:15 pm

x9200 don't you just know it! :wink:

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Postby Mad Scientist » Thu, 06 May 2010 5:02 pm

x9200 wrote:
Mad Scientist wrote:=D> =D>

Great Speech !!!

I guess you have not heard about the weekend troll , have you ??

On the contrary. I bet.



Ah....C'mon X, you know what I mean. :P :P :lol:
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

anneteoh

Postby anneteoh » Thu, 06 May 2010 6:03 pm

SunWuKong wrote:Only the pessimism of youth can engender the imagining of a utopian state. Allow me to quietly euthanase the Easter Bunny for you; there is not, and never will be, such a thing as a Utopian state.


What an absolutist! We've moved on to quantum physics and relativity. Yet the above statement is self-contradictory. How about 'Only the pessimism of age can numb us with hopelessness.'?

But in earth terms, China experienced the Golden Age in the 50s - a time- when all was equal and the iron rice bowl was for all alike. Some Chinese scholars I'd met before regarded that time as a utopia, though it was short-lived , a decade and a half perhaps. Not everyone has the altruism to support a utopia. They get bored if life's too equal and they can't compete, create or suffer; most of all, if they can't profit.

OTOH, utopia also exists in one's internal life, rather like the state of Nirvana.

Life without philosophy is like an academia where the past and future do not exist.

anneteoh

Postby anneteoh » Thu, 06 May 2010 6:10 pm

Mad Scientist wrote:
x9200 wrote:
Mad Scientist wrote:=D> =D>

Great Speech !!!

I guess you have not heard about the weekend troll , have you ??

On the contrary. I bet.



Ah....C'mon X, you know what I mean. :P :P :lol:


Say, thanks for compliments.

What exactly is a troll, excuse my forum naivety. Is he someone who insults others whilst hiding in different cracks?
Who is the weekend troll and what did he do?
I think tkuanhoo's too straightforward to be a troll. It might be ironic.

Wait - this is afterall, the riduculous platform - as it all is.

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Postby Big Mac » Thu, 06 May 2010 6:49 pm

Mad Scientist wrote:
tkuanhoo wrote:
May I know how you come out with this number that is highlighted in blue. Please show me as you seems to know alot from your dreams....


i think he was referring to Tamasek's assets in Yen.... although even that might not hold true in the future if it keeps up its love affair with banks!! :P

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Postby Mad Scientist » Fri, 07 May 2010 7:51 am

anneteoh wrote:Say, thanks for compliments.

What exactly is a troll, excuse my forum naivety. Is he someone who insults others whilst hiding in different cracks?
Who is the weekend troll and what did he do?
I think tkuanhoo's too straightforward to be a troll. It might be ironic.

Wait - this is afterall, the riduculous platform - as it all is.


This OP is definitely a troll. A sad one !!

URL=http://img340.imageshack.us/i/trolllookingsadg.jpg/]Image[/URL]
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

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Postby raden888 » Sat, 22 May 2010 10:59 am

so which is the next EU country to fail? The derivative traders lost their bet on Greece..Billions were exchanged on assumption that Greece won't be bailed.

Portugal next?


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