Tuesday, October 11, 2011

Buying time. For what?

Drugs by the backdoor © fintag

News comments:
If you needed some drugs to keep you alive for another 6 months you would probably try and raise the finance. You only live once.

If you are a Government (read large fund with many investors called tax payers run by incompetent people) and need some funds to keep you alive for another 6 months you would probably try and raise the finance. Countries are people with different life expectancies.

Take Greece. It looks like it has been given some more time. The IMF et al are allowing it some more drugs to keep it going a bit longer. Will Greece perform a miracle and repay all its debts 100%? Meez thinks this is very unlikely. Meez thinks it will be asking for some more a bit later on this year.

The Greeks should become Investment Bankers. They just know how to rape foreign taxpayers better than Wall Street.

Today's shorts:
Couple go into hiding (dailymail)

Hedge Funds are useless (hedgeweek)

Today's longs:
King to print more money (reuters)

Gossip:
Greece to be given Nobel Prize in Economics.



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