thestatedtruth.com | March 18, 2012
Just a friendly reminder…Greece continued to say everything was fine, they said it over and over… until one day not so long later, they admited that it wasn’t. The next thing you know Greek riots break out because Greece is forced to go on a hard austerity plan. Now we see Portugal in the same sinking boat. We’ve been warned. The head and co founder […]
Category: Commentary, Economy, National News, Wall Street, World News |
59 Comments »
Tags: Borrow, broke, Done, Greece, portugal
thestatedtruth.com | July 21, 2011
Bad seats, hey buddy! Leaders of the Eurozone announced a huge new financial bailout package for Greece on Thursday, doubling up the amount of loans originally agreed upon ……The 17 EU nations that use the euro, offered Athens $157 billion in new loans, a nearly identical aid package to last year.
Category: Commentary, Economy, Interest Rates, Bonds, National News, Wall Street, World News |
11,671 Comments »
Tags: Bad Hand, Bad Seats, Doubling Down, euro, Greece
thestatedtruth.com | July 19, 2011
Unlike back in the day when everything was East vs. West….the Soviets and China vs NATO and the United States, we are now interconnected to everywhere and everything. There used to be an old saying, “One man’s pain is another man’s gain”, but now one man’s pain very well may end up being pain for all men (and […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street |
3 Comments »
Tags: Connected, derivatives, Greece, World Economy
thestatedtruth.com | July 10, 2011
Greece is a lost cause. Next up is either Italy or Spain. Both the Dollar and the Euro currencies are in trouble. The last man standing looks to be Gold. From the NY Times…… LONDON — Top European officials planned to meet on Monday to wrestle with threats to the currency union as fears mounted […]
Category: Commentary, Commodities, Economy, Gold and Silver, National News, Wall Street, World News |
37 Comments »
Tags: Euro Debt Crisis, Greece, Italy, Spain
thestatedtruth.com | June 27, 2011
Greece is a goner….it sounds like a run on the Greek banks are just around the corner….the ECU needs to move on to bigger fish, like Spain. Today, as part of its Weekly Credit Outlook, Moody’s issued for the first time a very stark warning that should the rate of attrition in domestic deposits (and to […]
Category: Commentary, Economy, Finance, National News, Wall Street, World News |
56 Comments »
Tags: Greece, Greek Banks, Kicking The Can, Moody's On Greece, Run On Banks
thestatedtruth.com | June 13, 2011
Greece goes down, just a matter of when! The Greece bonds are now considered junk by rating standards. The big question is does Greece take down the whole Euro complex? Greece was branded with the world’s lowest credit rating by Standard & Poor’s, which said the nation is “increasingly likely†to face a debt restructuring and the […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, World News |
353 Comments »
Tags: EU Greece Bonds, Greece, Greek Bonds, Junk Bonds
thestatedtruth.com | May 29, 2011
Dvid Kotak: Greece is about to blow up. Black butterfly fear plagues the Eurozone’s banking system. Can Greece take down all of Europe! Well, they’re going to try.   We like this part of the review below, Will Roger’s old adage applies: “If you find yourself in a hole, stop digging.â€Â Cumberland Advisors Les Papillons Noirs […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, News Letters, Wall Street, World News |
1,993 Comments »
Tags: black swan, Cumberland Advisors, Greece, The Black Butterfly