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V
The banks aren't closed indefinitely. Somehow the fact the AP got the facts wrong doesn't surprise me. They are closed for eight days, and bank customers can only get $66 (as of 11 a.m. today, €58.74 and falling -- before our banks opened, it was €75) out of the ATM per day.
Also, markets world wide are uniformly down, European markets much more drastically than the Dow, but at this posting it is down -229.38 and falling. The DAX closed at -409.24,
This is not good, folks.
Also, markets world wide are uniformly down, European markets much more drastically than the Dow, but at this posting it is down -229.38 and falling. The DAX closed at -409.24,
This is not good, folks.
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V
Sorry, in that last post I said the Euro opened at €75 to $67 U.S. dollars, but that's incorrect. A had them backwards. The Greek banks opened at 60 limit on ATM withdrawals. The limit is still 60, but that total is now equivalent to about $65.89. Here's more on the crisis.
Greece has an up-or-down referendum this coming weekend on accepting or rejecting the debt restructuring offers from both the EU and from the IMF. It will likely be a "no" vote, forcing Greece out of the EU and defaulting on interest payments due in the next two weeks to the ECB (European Central Bank) and to the IMF.
Greece has an up-or-down referendum this coming weekend on accepting or rejecting the debt restructuring offers from both the EU and from the IMF. It will likely be a "no" vote, forcing Greece out of the EU and defaulting on interest payments due in the next two weeks to the ECB (European Central Bank) and to the IMF.
A
Simply marvelous; however, for close in-house work I prefer a Bernelli 12 gauge, home defense barrel, with the "Tell Jesus I said hello" Winchester Super-X Magnum Ammunition 12 Gauge 3" Buffered 00 Buckshot load. During periods of mass rioting and upheaval, feral rabble will want to look for easier pickings elsewhere.
A
During the 60s and 70's the Greek economy was called an "economic miracle" by the rest of the world. Then the Marxists got in there and we have what we see today.
I remember all through the 80's and 90's the mainstream liberal media continually touting Greek progressivism and downplaying their increasing debt as if it was immaterial. Obviously, it's clear now that it was/is material. Sadly, the U.S. is following in Greece's footsteps.
Anyone remember this guy?
...happier times.
I remember all through the 80's and 90's the mainstream liberal media continually touting Greek progressivism and downplaying their increasing debt as if it was immaterial. Obviously, it's clear now that it was/is material. Sadly, the U.S. is following in Greece's footsteps.
Anyone remember this guy?
...happier times.
During the 60s and 70's the Greek economy was called an "economic miracle" by the rest of the world. Then the Marxists got in there and we have what we see today.
I remember all through the 80's and 90's the mainstream liberal media continually touting Greek progressivism and downplaying their increasing debt as if it was immaterial. Obviously, it's clear now that it was/is material. Sadly, the U.S. is following in Greece's footsteps.
Anyone remember this guy?
...happier times.
I remember all through the 80's and 90's the mainstream liberal media continually touting Greek progressivism and downplaying their increasing debt as if it was immaterial. Obviously, it's clear now that it was/is material. Sadly, the U.S. is following in Greece's footsteps.
Anyone remember this guy?
...happier times.
During the 60s and 70's the Greek economy was called an "economic miracle" by the rest of the world. Then the Marxists got in there and we have what we see today.
I remember all through the 80's and 90's the mainstream liberal media continually touting Greek progressivism and downplaying their increasing debt as if it was immaterial. Obviously, it's clear now that it was/is material. Sadly, the U.S. is following in Greece's footsteps.
Anyone remember this guy?
...happier times.
I remember all through the 80's and 90's the mainstream liberal media continually touting Greek progressivism and downplaying their increasing debt as if it was immaterial. Obviously, it's clear now that it was/is material. Sadly, the U.S. is following in Greece's footsteps.
Anyone remember this guy?
...happier times.
3
We're about to go through the -300.00 mark off the Dow today. This is going to get ugly (no offense or pun intended, Ugly).
NASDAQ's down -103.29.
S&P 500 of off -35.91, which is 1.75% of market value lost today.
NASDAQ's down -103.29.
S&P 500 of off -35.91, which is 1.75% of market value lost today.
It that is true, what is that point?
V
I'm not sure this is correct, but I think it at a five percent value loss. It might be 500 points, but I think that's too little a loss, given that represents only a little less than a three percent loss today. Five percent would be a 900-point loss from today's opening bell. The Dow's at -340.18 now, and falling with fifteen minutes left in the trading session.
Solid rig, my friend. I've never shot a Benelli, but I hear those are fine shotguns. My dad has the Remington 870 tactical model, but I do not like the tactical sights and accouterments. They make target acquisition more difficult than your standard 870.
This is my babe Deborah, a DDM4 VII from Daniel Defense. If you meet her have some courtesy, have some sympathy, have some taste.
This is my babe Deborah, a DDM4 VII from Daniel Defense. If you meet her have some courtesy, have some sympathy, have some taste.
V
Dow finished off -350.33. Down 1.95% of opening bell market value.
NASDAQ was down -122..04. Down 2.4% of opening bell market value.
S&P 500 off -43.85. Down 2.09% of opening bell market value.
The far eastern markets are continuing the trend "tomorrow." Australia's APX, the Shanghai Composite, Hang Seng (Hong Kong), the Nikkei, and Taiwan's SEC 500 are all down way over 2%, and it's probably going to cycle back around the world and continue to fall tomorrow, as it is now known Greece will default on the ECB payment later this week. Hunker down. This is definitely getting ugly.
NASDAQ was down -122..04. Down 2.4% of opening bell market value.
S&P 500 off -43.85. Down 2.09% of opening bell market value.
The far eastern markets are continuing the trend "tomorrow." Australia's APX, the Shanghai Composite, Hang Seng (Hong Kong), the Nikkei, and Taiwan's SEC 500 are all down way over 2%, and it's probably going to cycle back around the world and continue to fall tomorrow, as it is now known Greece will default on the ECB payment later this week. Hunker down. This is definitely getting ugly.
A
Utah and Desdichado, meet the late Aristotle Onassis amasser of the world's largest privately owned shipping fleet, one of the world's richest and most famous men, and second husband of Jacqueline Kennedy (President Kennedy's widow) before his own passing due to cancer in 1975.
Men like Onassis were the "movers and shakers" behind Greece's "economic miracle" from 1950 to 1979.
Men like Onassis were the "movers and shakers" behind Greece's "economic miracle" from 1950 to 1979.
The original Dos Equis guy?