Singapore Expats Forum

The BillyB, Aster & JR8 roundtable!

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

User avatar
BillyB
Manager
Manager
Posts: 1807
Joined: Fri, 23 Jul 2010
Location: My laptop

Postby BillyB » Thu, 16 Jun 2011 8:06 pm

JR8 wrote:'A Greek, Portugese, Irishman and German are in a bar.

The German pays for all their drinks.....


Ha ha!!

User avatar
aster
Manager
Manager
Posts: 1593
Joined: Fri, 15 Jan 2010

Postby aster » Thu, 16 Jun 2011 9:00 pm

Excellent! :D

Was the Spaniard left out on purpose? ;)

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Thu, 16 Jun 2011 11:05 pm

Ooh look, the Telegraph have started a 'rolling' news item on Greece/euro. They last did this for Tunis and Cairo...



---------------------------------
'Latest
15.31: As the euro teeters closer to the psychological mark of $1.40 against the dollar,

Kathleen Brooks, research director at Forex.com argues that any signs Europe will allow Greece to go to the wall would unleash a rout that could see the single currency fall like a ‘house of cards’.
http://www.telegraph.co.uk/finance/econ ... -live.html

User avatar
BillyB
Manager
Manager
Posts: 1807
Joined: Fri, 23 Jul 2010
Location: My laptop

Postby BillyB » Thu, 16 Jun 2011 11:20 pm

Hindsight is a great thing, but I have always been very against the principal of a 'one size fits all' economic region. To my colleagues amusement, I told them years ago that it only takes a few issues in one Country, market negativity takes over and multiplies the whole problem in a big ripple effect.

A few big European banks have big euro exposure, they start selling off securities, word gets round in the markets, rumours slip out to the public that a few European players have the potential for huge losses in the future - cue hysteria, mass panic selling, fund withdrawals, more panic and bang - the E.U is pushed back years by way of re-building and recovery.

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Thu, 16 Jun 2011 11:29 pm

Yep well, at this rate, that might be happening by next week...

User avatar
Yeboah
Member
Member
Posts: 45
Joined: Tue, 12 Apr 2011

Postby Yeboah » Fri, 17 Jun 2011 11:50 pm

[url]http://www.cityam.com/news-and-analysis/allister-heath/why-greece-the-new-lehman-bros[url]

Alister Heath, editor of CityAM (a free financial paper over here in London) is always pretty much spot on the money. I have read his column for years and can count on the fingers of one hand the amount of times I disagree with him, well worth a read every day (his column appears online as well as per above link


.. Greece is on borrowed time now.
[/url]

User avatar
Yeboah
Member
Member
Posts: 45
Joined: Tue, 12 Apr 2011

Postby Yeboah » Fri, 17 Jun 2011 11:51 pm

[url]http://www.cityam.com/news-and-analysis/allister-heath/why-greece-the-new-lehman-bros[url]

Alister Heath, editor of CityAM (a free financial paper over here in London) is always pretty much spot on the money. I have read his column for years and can count on the fingers of one hand the amount of times I disagree with him, well worth a read every day (his column appears online as well as per above link


.. Greece is on borrowed time now.

User avatar
Yeboah
Member
Member
Posts: 45
Joined: Tue, 12 Apr 2011

Postby Yeboah » Fri, 17 Jun 2011 11:52 pm

apologies for the duplicate post and poor link editing. admin/mods please edit accordingly.

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Sat, 18 Jun 2011 1:07 am

'[German] Economist condemns US credit rating companies
Published: 16 Jun 11 09:06 CET
Thomas Straubhaar, a leading German economist, is calling for the “violent overthrow”

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Sat, 18 Jun 2011 1:15 am

Image

Edit to add snarky comment:
'Save us from this tragedy of our own making, we demand it!
Last edited by JR8 on Sat, 18 Jun 2011 1:33 am, edited 1 time in total.

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Sat, 18 Jun 2011 1:24 am

I demand another credit card!!

Image


[Fork off!!!]

User avatar
aster
Manager
Manager
Posts: 1593
Joined: Fri, 15 Jan 2010

Postby aster » Sat, 18 Jun 2011 1:49 am

Gotta love this, people out on the streets rioting against having to work. :D

Wish I had a Greek credit card in my pocket. Spend, spend, spend away right up to the limit. Cry, moan, wander the streets in protest... and wait for someone else to pay off the bill. And then go back out and spend some more!

Works every time. :)

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Sat, 18 Jun 2011 8:25 am

Bye bye Greece, bye bye euro!

----------------------
Q Does the Greek situation make the collapse of the euro inevitable?

It raises major existential questions for the euro project – and not merely because the straitjacket of euro membership has so limited Greece's options in responding to the crisis. The major counter-argument to the euro was that it is impossible to have a currency union without a fiscal union. In other words, without a central authority with the power to tax and spend, it is impossible to get an area as large as the eurozone pulling in the same economic direction. And that was what came to pass: over the past decade and a half, Greece and many Mediterranean neighbours (not to mention Ireland) have borrowed and spent too much while Germany has saved too much. The idea that such divergent economies could issue currency that was supposedly worth precisely the same value everywhere is unfeasible.

It is difficult, in economic terms at least, to imagine the euro surviving in its current state – particularly because Greece's problems are shared by other countries. Granted, the euro is a political project. But the scale of anger in Berlin at the prospect of having to transfer billions to its Mediterranean neighbours purely to safeguard the euro project is such that it makes stark the question of whether there really is the public will to keep it alive.
http://www.telegraph.co.uk/news/worldne ... ng-on.html

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Sat, 18 Jun 2011 8:48 am

Yeee-haw.... ride em cowboy!

---------------
'Alan Greenspan warned a Greek default was "almost certain". Speaking in the US, the former boss of the Federal Reserve said the chance of Greece being unable to repay its debts was "so high that you almost have to say there's no way out".
http://www.telegraph.co.uk/finance/econ ... treat.html

User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

Postby JR8 » Sat, 18 Jun 2011 10:15 am

Comment on blog.... hilarious....
------------
'And so the farce continues for a little while longer. Meantime Sarkozy comes out with the most OTT statement you'll likely hear.."Without the euro there is no Europe and without Europe there is no possible peace and security"
Looks like we're in for a war then...


Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 3 guests