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 Does Greece Matter?

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Posts : 2727
Join date : 2008-05-13
Location : Central Florida

PostSubject: Does Greece Matter?   Mon Jun 22, 2015 9:12 am

Only if we let it. The risk is if investors listen too much to
all the news and dire warnings.

Truth is, other than phycological, nothing there matters at all.
Greece is a basket case period. Whether they can borrow and
deal to postpone the inevitable is unimportant. Just whether
it gets a low D or an F isn't important.

There's a lot of other countries in as bad shape or worse.
Zimbabwe closed their currency and started a new one
when it's old dollar got to 4 quadrillion to the US dollar
first. Venezuela is gone, their economy can't be saved.
Argentina is in bad shape again, about ready to go broke
again. I don't know why they're making Greece a big thing,
it had to make special promises to get it's act together to
get into the Euro and never kept it's word.
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Posts : 1542
Join date : 2008-05-16

PostSubject: Re: Does Greece Matter?   Wed Jun 24, 2015 6:14 am

Agreed. Time for the Eurozone to cut their losses with Greece. Alas, it looks like they will save them yet again this week. When they eventually get kicked out it will likely roll global markets and set up a buying opp.
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