Financial clusterfuck in Europe - Page 5 - MensTennisForums.com

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post #61 of 1005 (permalink) Old 04-28-2010, 09:44 PM Thread Starter
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Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Rrrainer View Post
btw portugal's cds are blowing up today. next: probably spain. and that's where things get really difficult.
called it.
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post #62 of 1005 (permalink) Old 04-28-2010, 10:40 PM
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Re: Credit crisis in Greece, others to follow...?

What does cd stand for?

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Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #63 of 1005 (permalink) Old 04-28-2010, 11:31 PM Thread Starter
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Re: Credit crisis in Greece, others to follow...?

cds = credit default swaps.
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post #64 of 1005 (permalink) Old 04-28-2010, 11:37 PM
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Re: Credit crisis in Greece, others to follow...?

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What does cd stand for?
Credit default swaps. They are a financial derivative that pays it's holder if a specific piece of debt is defaulted on. It's essentially insurance you can buy if you want to be protected should someone you have lent money to defaults on that loan (although you don't need to have actually lent money to purchase one). In the context of Rrainer's quote, "blowing up" means the price of these credit default swaps related to Portuguese debt is going up. This is happening because more people want to buy them because they fear that Portugal might default on that debt.
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post #65 of 1005 (permalink) Old 04-29-2010, 12:13 AM
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Re: Credit crisis in Greece, others to follow...?

fear or hope?
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post #66 of 1005 (permalink) Old 04-29-2010, 04:09 AM
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Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Chip_s_m View Post
Credit default swaps. They are a financial derivative that pays it's holder if a specific piece of debt is defaulted on. It's essentially insurance you can buy if you want to be protected should someone you have lent money to defaults on that loan (although you don't need to have actually lent money to purchase one). In the context of Rrainer's quote, "blowing up" means the price of these credit default swaps related to Portuguese debt is going up. This is happening because more people want to buy them because they fear that Portugal might default on that debt.
Thanks.

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Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #67 of 1005 (permalink) Old 04-30-2010, 01:24 AM
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Re: Credit crisis in Greece, others to follow...?

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fear or hope?
Both. But don't be fooled, "speculators" do in fact serve a valuable purpose.
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post #68 of 1005 (permalink) Old 05-04-2010, 12:17 PM
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Re: Credit crisis in Greece, others to follow...?

An interesting article from Spiegel:

http://www.spiegel.de/international/...692666,00.html

Salvor Hardin: "Violence is the last refuge of the incompetent"

From Isaac Asimov's "Foundation".
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post #69 of 1005 (permalink) Old 05-04-2010, 01:09 PM
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Re: Credit crisis in Greece, others to follow...?

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An interesting article from Spiegel:

http://www.spiegel.de/international/...692666,00.html
Thank you, very interesting.

So when will it happen according to the Mayas? 2012?
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post #70 of 1005 (permalink) Old 05-04-2010, 02:58 PM
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Re: Credit crisis in Greece, others to follow...?

Handelsblatt:

"The Greeks are our European brothers and sisters. We knew beforehand that they took liberties with their work ethic and public deficit. The Greeks are not Prussians. That is why we love them."

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post #71 of 1005 (permalink) Old 05-04-2010, 03:00 PM
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Re: Credit crisis in Greece, others to follow...?

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Originally Posted by JolánGagó View Post
Handelsblatt:

"The Greeks are our European brothers and sisters. We knew beforehand that they took liberties with their work ethic and public deficit. The Greeks are not Prussians. That is why we love them."

It's true though. Work ethic, discipline and lifestyle is different in Southern Europe compared to the North.

Quote:
Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #72 of 1005 (permalink) Old 05-05-2010, 06:48 AM
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Re: Credit crisis in Greece, others to follow...?

Umm am I missing something here since it's all over the news that the Greeks are having major strikes because they are against the government savings programs that they are required to have if they want the loan ?

How stupid are people? If they don't want the money, then fcuk it. If they want it, sure as hell aren't going to get it so that the rest of Europe would just give it to them without any clauses.

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lol, who will beat him? Wawrinka? Berdych? Gulbis? Rosol? Federer?

Only Del Potro can take him out before the semis, and he won't. Nadal is winning the AO, bet your house on it.
Somewhere out there, there is a homeless person who once took betting advice from GSMnadal
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post #73 of 1005 (permalink) Old 05-05-2010, 06:50 AM
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Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Har-Tru View Post
It's true though. Work ethic, discipline and lifestyle is different in Southern Europe compared to the North.
I guess Northern Europe should just keep working more to pay for the lazy Southern...
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post #74 of 1005 (permalink) Old 05-05-2010, 07:30 AM
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Re: Credit crisis in Greece, others to follow...?

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Originally Posted by Har-Tru View Post
It's true though. Work ethic, discipline and lifestyle is different in Southern Europe compared to the North.
Quote:
Originally Posted by P. Antonius View Post
I guess Northern Europe should just keep working more to pay for the lazy Southern...
Like I said, it's typical European policy that the rich and hard working be forced to pay for the poor and lazy. In Germany the west subsidizes the east, in the UK south subsidizes north, in Italy north subsidizes south etc. This Greek bailout is the first step towards European cross-border subsidizing.


Quote:
Originally Posted by Lopez View Post
Umm am I missing something here since it's all over the news that the Greeks are having major strikes because they are against the government savings programs that they are required to have if they want the loan ?

How stupid are people? If they don't want the money, then fcuk it. If they want it, sure as hell aren't going to get it so that the rest of Europe would just give it to them without any clauses.
When have strikers ever had any brain-cells between them? According to news reports some of the rioting mob are even communists and think they can start a Euro-wide revolution. Fucking Greeks.

I'm really disappointed in the German administration. Once again politicians were too scared to take the "do nothing" approach.
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post #75 of 1005 (permalink) Old 05-05-2010, 09:34 AM
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Re: Credit crisis in Greece, others to follow...?

Im not sure the "do nothing" approach would work here. What would happen with the hugely exposed German banks and Germany's huge trade surpluses if Greece and then others are left to bankrupt? Rethorical question.
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