press headlines!!!

srcandas

So this morning we wake up to:

"London pre-open FTSE to jump on Greek ....."

"European markets up as Greeks back pro-bailout party"

It happens time and time again. It happened with the Spanish bank bailout.

Surely any idiot realised that with 52% of the Greek people voting against austerity, and the chances of the freak winners forming a lasting government are minimal and that the markets would turn downwards. Well it took less than an hour and a half for commonsense to kick in.

It was the same with Spanish Banks. How was adding 100 billion of debt to a bankrupt country going to be good news??

Are the press just thick, don't care or think if they print in large enough letters water will run up hill?

I think the world is going mad, or maybe I am the financial genius the world has been waiting for

Sorry just a little rant

Reaper

I agree the optimism is unfounded, but I also maintain Greece is a side show. Much more important is what is happening in the larger economies of Spain and Italy.

I see this morning Spanish 10 year bonds have hit a record 7.13%. On top of that Italian 10 year bonds have hit 6.21%. Both those rates are unsustainable.

I think that has spooked the markets.

srcandas

Reaper wrote: »

I agree the optimism is unfounded, but I also maintain Greece is a side show. Much more important is what is happening in the larger economies of Spain and Italy.

I see this morning Spanish 10 year bonds have hit a record 7.13%. On top of that Italian 10 year bonds have hit 6.21%. Both those rates are unsustainable.

I think that has spooked the markets.

I sure hope it has spooked the markets.

I guess my complaint shouldn't be entirely fired at the press but also the market makers.

While I know not many take Nigel Farage seriously his recent speech at the EU did hit the nail on the head. Not suggesting our Nige could lead us to the promised land but it would be nice if the sniggering idiots around him, including the t**t playing with his mobile, responded to what seem very valid points.

:mad:

http://www.youtube.com/watch?v=TN_1mF-3JTI

Time for a tea (or even something stronger) :beer:

Reaper

While I haven't much time for the UKIP (I don't like the belief we should leave the EU on ideological grounds regardless of whether that would be a good or a bad thing economically) I do have to say that video was entertaining and he makes some good points.

I think many European politicians are in denial, and reacting to events rather than planning for them.