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  #1861  
Old 11-01-2011, 11:05 AM
theplantguy theplantguy is offline
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I'm short both again
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  #1862  
Old 11-01-2011, 11:50 AM
theplantguy theplantguy is offline
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Greek government just may fall as early as tonight.........................
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  #1863  
Old 11-01-2011, 11:56 AM
Modest_Stack Modest_Stack is offline
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Quote:
Originally Posted by theplantguy View Post
Greek government just may fall as early as tonight.........................
If Greece were to default, how does the following sound ?

1. Greeks rush to pull all their money out of the banks.
2. Greek banks collapse
3. European banks who hold greek debt collapse
4. Euro = toast as German public refuse to supply any more bailout money

Just an uneducated guess.

M_S
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  #1864  
Old 11-01-2011, 11:58 AM
theplantguy theplantguy is offline
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Quote:
Originally Posted by Modest_Stack View Post
If Greece were to default, how does the following sound ?

1. Greeks rush to pull all their money out of the banks.
2. Greek banks collapse
3. European banks who hold greek debt collapse
4. Euro = toast as German public refuse to supply any more bailout money

Just an uneducated guess.

M_S
1 and 2 may happen. 3 and 4 probably not
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  #1865  
Old 11-01-2011, 12:10 PM
coloredcoat coloredcoat is offline
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Quote:
Originally Posted by Modest_Stack View Post
If Greece were to default, how does the following sound ?

1. Greeks rush to pull all their money out of the banks.
2. Greek banks collapse
3. European banks who hold greek debt collapse
4. Euro = toast as German public refuse to supply any more bailout money

Just an uneducated guess.

M_S
How about:

1. Same as yours.
2. Same.
3. European banks who hold Greek debt get a substantial haircut.
4. The Euro currency takes a similar haircut.
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  #1866  
Old 11-01-2011, 12:23 PM
rrmss rrmss is offline
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Plantguy,

What happens if there is a dis-orderly default from Greece. Will Euro collapse or will it go up?
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  #1867  
Old 11-01-2011, 12:25 PM
theplantguy theplantguy is offline
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I'm thinking it may tank a bit......but not collapse
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  #1868  
Old 11-01-2011, 01:43 PM
theplantguy theplantguy is offline
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Watch for the Fed gov to add additional regulations to the drillers, etc, in N Dakota to kill the oil boom.
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  #1869  
Old 11-01-2011, 05:04 PM
rrmss rrmss is offline
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I am in Canada. Would you recommend Questrade for forex trading?

Thanks.
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  #1870  
Old 11-01-2011, 05:14 PM
theplantguy theplantguy is offline
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I have no idea..................as long as they have reasonable spreads and quick executions, I would imagine they would be fine.
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