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churchill

Member Since 2005-09-23
Offline Last Active Today, 20:02
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Posts I've Made

In Topic: Financial Crisis

Today, 18:20

View PostNaam, on Today, 17:38 , said:

Quote

“Whether Greece is either in or out of the union is neither here nor there. The issue is: Can it be managed without horrible contagion?”
no it cannot. various crises provide hard evidence that the paranoia of investors, aka the famous "Mr. Market", can be and most of the times was virtually unlimited concerning risk aversion.

the latter spreads like an avalanche and i am betting my [not so] sweet butt that the value of yak milk butter in Tibet, shrink heads in Papua New Guinea, icebergs in the North Atlantic and shares of single malt distilleries in Scotland will fall if Greece opts out of the €UR for a new Drachma and defaults on its recently restructured debt.

most probably it will even affect the bar fines in Pattaya's Walking Street and the price of som tam in Nakhon Nowhere Posted Image

How likely is it for Greeks for vote to have their savings , property .. devalued by 60% ..

I think they will vote a party to keep Greece in the Euro ..

Which means death by 1000 cuts ....Posted Image

In Topic: Financial Crisis

Today, 17:17

Goldman’s O’Neill talks football ... also, Greece

Commentary: Will Hellenic Republic be relegated or stay in euro zone?


http://www.marketwat...25?pagenumber=2

'“China creates the economic equivalent of Greece in 11 ½ weeks,” he said. “Whether Greece is either in or out of the union is neither here nor there. The issue is: Can it be managed without horrible contagion?”
The question of a potential Greek exit has been posed repeatedly to O’Neill in recent weeks, and he has said that he expects the Hellenic Republic to stay put.'
...
'And the silver lining in this “complete mess”?
“In many ways, I think it’s great that Greece has put this huge spanner in the works,” he said, “because now [France and Germany] have got to decide whether they want this dam_n thing or not.”

In Topic: Financial Crisis

Today, 17:04

Linda Yueh ‏@lindayueh
#Spain gov has informed ECB of plans to recapitalize lenders through state bonds; ECB not objecting: RTRS citing Spanish gov source

In Topic: Financial Crisis

Today, 16:19

View Postflying, on Today, 15:04 , said:

View PostNaam, on Today, 10:51 , said:

"GRexit" = hopefully soon! rather an end with terror than terror without an end. ah sez "let them go down the drain and default on their recently restructured debt!" even though all of us with substantial assets will face considerable [book]losses due to global paranoia and risk aversion.

But would that be the end or the start of a dominoes effect?

Once selling starts who knows where it will end ... Euro down , Markets down , USD up ...

Perhaps the beginning of the end of the Euro Posted Image   ... Bank runs following on in Spain will make matters worse , lack of confidence in Europe ..will effect UK ... stronger USD will hurt the US ..

So then perhaps we get another round of QE ...

But politicians have had years of meeting , road maps are in place .. problem is nobody believes them .

In Topic: Stick With Sterling Or Change To Baht?

Today, 14:53

Take advice from your financial advisor .. but I would diversify my currency risk ....perhaps you can hedge you currency risk in the four funds .. 25% share each to SGD, THB, USD and  GBP as a suggestion ..

I would move some funds now from you Sandander account ,whilst the rate is close to 50 from GBP to THB ....

Good luck ..

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