This is what they are really worried about:
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| GREECE https://mail.chicagofanatics.com/viewtopic.php?f=47&t=94841 |
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| Author: | bigfan [ Tue Jul 07, 2015 8:02 am ] |
| Post subject: | GREECE |
Banks are living on the last few Euros they have and they are about to leave the EU. The world isnt going to stop, but its an unprecedented event in modern history. Almost a collapse of a system in one country....that wasnt regarded as a 3rd world country. Great to watch.... I sold the Euro short once it broke 1.10, could be a huge play for those playing.. |
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| Author: | Hatchetman [ Tue Jul 07, 2015 8:10 am ] |
| Post subject: | Re: GREECE |
unwind that GBP bet? |
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| Author: | bigfan [ Tue Jul 07, 2015 8:14 am ] |
| Post subject: | Re: GREECE |
Hatchetman wrote: unwind that GBP bet? Almost all my trades are +1 locked in when some profit exists. Unless I plan to sit and watch a trade the whole time. |
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| Author: | bigfan [ Tue Jul 07, 2015 8:18 am ] |
| Post subject: | Re: GREECE |
Greece is waiting until their banks have no money and 1 second is left on the clock before they make their final proposal....I guess. |
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| Author: | Jaw Breaker [ Tue Jul 07, 2015 8:19 am ] |
| Post subject: | Re: GREECE |
The creditors cannot give in to Greece without opening up a huge can of worms for the other EU countries. If Greece is rewarded for its bad behavior, the others will feel like suckers and start demanding their own concessions. I think if they kick Greece out, the Euro rallies to 1.20. |
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| Author: | Hatchetman [ Tue Jul 07, 2015 8:25 am ] |
| Post subject: | Re: GREECE |
That Greek popular vote was the most obvious outcome ever. I would have thought that it was built into the market already. If you know anything about human nature, and the Greeks in particular, you know they would send a big FU to the rest of Europe. I would've voted the same way. If I'm going to eat shit, you're going to get a taste yourself!! |
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| Author: | Gloopan Kuratz [ Tue Jul 07, 2015 8:28 am ] |
| Post subject: | Re: GREECE |
High stakes poker between the Greeks and Merkel. |
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| Author: | bigfan [ Tue Jul 07, 2015 8:28 am ] |
| Post subject: | Re: GREECE |
Jaw Breaker wrote: The creditors cannot give in to Greece without opening up a huge can of worms for the other EU countries. If Greece is rewarded for its bad behavior, the others will feel like suckers and start demanding their own concessions. I think if they kick Greece out, the Euro rallies to 1.20. Longer term, yes...it rises...the immediate rally effect could go either way |
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| Author: | Seacrest [ Tue Jul 07, 2015 11:16 am ] |
| Post subject: | Re: GREECE |
Hatchetman wrote: That Greek popular vote was the most obvious outcome ever. I would have thought that it was built into the market already. If you know anything about human nature, and the Greeks in particular, you know they would send a big FU to the rest of Europe. I would've voted the same way. If I'm going to eat shit, you're going to get a taste yourself!! I'm right there with you. Anyone who is a major money manager and thought that Greece would do otherwise needs a reality check ASAP. |
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| Author: | 312player [ Tue Jul 07, 2015 11:18 am ] |
| Post subject: | Re: GREECE |
Jaw Breaker wrote: The creditors cannot give in to Greece without opening up a huge can of worms for the other EU countries. If Greece is rewarded for its bad behavior, the others will feel like suckers and start demanding their own concessions. I think if they kick Greece out, the Euro rallies to 1.20. Agreed ..well said |
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| Author: | Gloopan Kuratz [ Tue Jul 07, 2015 11:50 am ] |
| Post subject: | Re: GREECE |
The Greeks are betting that they don't have the stones to throw them out. So far it looks like they are right. |
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| Author: | badrogue17 [ Tue Jul 07, 2015 11:52 am ] |
| Post subject: | Re: GREECE |
Is the word. |
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| Author: | bigfan [ Tue Jul 07, 2015 12:45 pm ] |
| Post subject: | Re: GREECE |
Gloopan Kuratz wrote: The Greeks are betting that they don't have the stones to throw them out. So far it looks like they are right. zerohedge @zerohedge------> FYI if you dont follow ZEROHEDGE, you should, sometimes serious but more like the Onion of the financial world... GREECE OFFL: WE WILL SPLIT DEAL IN SHORT AND LONGER TERM PARTS. This guy must be new zerohedge @zerohedge GREECE OFFL: MUST FIND WAY TO PAY ECB JULY 20 |
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| Author: | Jaw Breaker [ Tue Jul 07, 2015 12:55 pm ] |
| Post subject: | Re: GREECE |
Gotta love the Greeks...after giving themselves a self-imposed week-long timeout to run the referendum, the new finance minister shows up to the emergency meeting in Brussels with some notes scribbled on a cocktail napkin. |
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| Author: | conns7901 [ Tue Jul 07, 2015 12:56 pm ] |
| Post subject: | Re: GREECE |
The EU will back down. |
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| Author: | bigfan [ Tue Jul 07, 2015 1:01 pm ] |
| Post subject: | Re: GREECE |
Jaw Breaker wrote: Gotta love the Greeks...after giving themselves a self-imposed week-long timeout to run the referendum, the new finance minister shows up to the emergency meeting in Brussels with some notes scribbled on a cocktail napkin. They arent going to meetings to propose any solutions, they are going to hear what everyrone else is proposing for them to do to get out of this mess....however, everyone else is attending the meetings waiting to hear what they have to say. Waiting for something like.... HERE ARE OUR DEMANDS. 1. Delay payments to EU for 2 Years, starting January 1, 2016. We will sign an IOU...TODAY! 2. We will make a $1 Bill payment to the EU on November 1, 2015 3. We will require a $2 Bill loan by the ECB by the end of this month. 4. Could you lend us $5000.00 today, to get home. |
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| Author: | Seacrest [ Tue Jul 07, 2015 1:07 pm ] |
| Post subject: | Re: GREECE |
conns7901 wrote: The EU will back down. Until everyone else goes down with Greece. |
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| Author: | bigfan [ Tue Jul 07, 2015 4:32 pm ] |
| Post subject: | Re: GREECE |
OK, we are going to drink....we will come back tomorrow and see what else you can offer us to stay in the EU.... |
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| Author: | Darkside [ Tue Jul 07, 2015 6:03 pm ] |
| Post subject: | Re: GREECE |
So bigfan you're saying that Greece is kind of like Larry Buckman? |
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| Author: | bigfan [ Tue Jul 07, 2015 6:07 pm ] |
| Post subject: | Re: GREECE |
If Larry is broke, has borrowed money from you mutiple times and never paid it back...and still thinks you should help him out, even though he doesnt intend to make any changes in his life to be able to pay you back...then YES> |
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| Author: | Darkside [ Tue Jul 07, 2015 6:07 pm ] |
| Post subject: | Re: GREECE |
bigfan wrote: If Larry is broke, has borrowed money from you mutiple times and never paid it back...and still thinks you should help him out, even though he doesnt intend to make any changes in his life to be able to pay you back...then YES> Sounds like Larry. |
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| Author: | Hatchetman [ Tue Jul 07, 2015 6:20 pm ] |
| Post subject: | Re: GREECE |
more like giving Larry the homeless guy a $1000 loan and then being pissed when you don't get paid back. |
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| Author: | Scooter [ Tue Jul 07, 2015 8:04 pm ] |
| Post subject: | Re: GREECE |
The Greeks don't want no freaks. |
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| Author: | Darkside [ Tue Jul 07, 2015 8:08 pm ] |
| Post subject: | Re: GREECE |
Scooter wrote: The Greeks don't want no freaks. What you mean you don't eat no MEAT? |
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| Author: | Scooter [ Tue Jul 07, 2015 8:13 pm ] |
| Post subject: | Re: GREECE |
Darkside wrote: Scooter wrote: The Greeks don't want no freaks. What you mean you don't eat no MEAT? Put that monster smile on rosy cheeks the greeks don't want no freaks. |
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| Author: | bigfan [ Tue Jul 07, 2015 8:15 pm ] |
| Post subject: | Re: GREECE |
I think they will actually put forth a workable and realistic deal tomorrow....but the issue is what collateral do they have to do anything? The Land? The basically already sold Cyprus to the Russian mob, so now they are going to promise to repay this new "restructure" with what? and at the same time...the EU is going to have to accept it if it really the best Greece can do.... Spain, France and Portugal...they arent that far behind this mess....but they are a much bigger % of the EU....and that could cause some huge shit... |
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| Author: | BigW72 [ Wed Jul 08, 2015 7:26 am ] |
| Post subject: | Re: GREECE |
I don't follow the global market much, but am finding this very interesting. If one country the size and impact of Greece in the EU can basically do what they've done and the EU still keeps / backs them, then the EU must be weaker than it appears. Agree on the earlier post about the precedent this could set for bigger, more impactful countries. Common sense would be to let them crash and burn on their own...something is keeping that from happening. |
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| Author: | pittmike [ Wed Jul 08, 2015 7:39 am ] |
| Post subject: | Re: GREECE |
wdelaney72 wrote: I don't follow the global market much, but am finding this very interesting. If one country the size and impact of Greece in the EU can basically do what they've done and the EU still keeps / backs them, then the EU must be weaker than it appears. Agree on the earlier post about the precedent this could set for bigger, more impactful countries. Common sense would be to let them crash and burn on their own...something is keeping that from happening. I tend to agree on letting them crash and burn. I would guess it is pride in the EU main players. Or it could be they do not want Putin to come in give them a ton of money and exert pressure. IDK. |
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| Author: | BigW72 [ Wed Jul 08, 2015 7:58 am ] |
| Post subject: | Re: GREECE |
There has to be a much bigger, underlying story we don't know about. Greece has no leverage. They shit the bed. They aren't worth the sweat off the EUs balls but they're going out of their way to keep them. Something stinks. |
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| Author: | America [ Wed Jul 08, 2015 8:55 am ] |
| Post subject: | Re: GREECE |
This is what they are really worried about:
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