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  1. Greece: A History of Financial Disaster

    Dionysius the Elder, a ruler in ancient Greece, ran up massive debts to pay for his multiple military campaigns. His solution? Change every drachma into two drachmas. Pulling money from nowhere to cover massive debts has seemed to be a monetary policy thr ...

    30 comments - 8 silver bananas - Jul 26 2015 - 1:00am -

  2. Greece On a Road to Nowhere

          Well the inevitable has happened. Greece is unable to make its payment to International Monetary Fund on June 5th. Interior Minister Nikos Voutsis told privately owned television station Mega that Greece is scheduled to repay EUR1.6 b ...

    12 comments - 0 silver bananas - May 25 2015 - 3:49pm -

  3. Investing in Greek Stocks and Winning

          As much as we all hear the Warren Buffett quote, "Be fearful when others are greedy and greedy when others are fearful", it's a really hard rule to follow. Listening to all the news about the trouble Greece's econo ...

    7 comments - 0 silver bananas - Aug 18 2015 - 10:05pm -

  4. Grexit. What are your views? What are your firm's views?

          I for one think Grexit will happen, and we should already prepare for the worst. However, what do you think and even more importantly, what does your firm think? People say it has been priced in...but has it? People say there are fire ...

    11 comments - 0 silver bananas - May 29 2015 - 11:22am -

  5. Eurozone Unemployment Tops 12%

    My kids are on spring break for the next couple weeks and I was walking them to the park yesterday afternoon when I was suddenly surrounded by riot cops and TV cameras. Admittedly I was looking down at my phone and not paying attention, but it was surpris ...

    42 comments - 0 silver bananas - Apr 30 2013 - 7:31am -

  6. Are Greek ATMs Drachma Compatible?

     In the latest sign that a Greek exit from the Eurozone is all but imminent, global bank HSBC ran extensive tests on their ATM machines in Athens and throughout Greece in preparation for a return to the drachma. The tests were rigorous and were done to en ...

    18 comments - 1 silver bananas - Jun 4 2012 - 10:22am -

  7. Grease Fire Spreading

    We have said so much about Greece that there's barely a point left to make. In spite of all the talking, however, I still have to ask how can you let it get to this? The question is intended at everyone from the Greek government and public, the Europ ...

    25 comments - 0 silver bananas - Nov 2 2011 - 12:17pm -

  8. How Long Before Greece Leaves the Euro Zone?

    I find it ironic that a country which defrauded its way into the Euro Zone is likely to be the first country to exit the Euro Zone. Despite a raft of hasty denials by just about everyone in Brussels, it now seems all but inevitable that Greece will bail o ...

    25 comments - 0 silver bananas - May 10 2011 - 5:47am -

  9. Is the Euro Kaput?

    I take no joy in the suffering of others. Then again, when you are a contrarian...grinning like the Cheshire Cat while winking I toldya so is about as satisfying as life can get. For many years now, well before it became the stuff of Wall Street Journal h ...

    18 comments - 0 silver bananas - Jul 2 2011 - 1:29pm -

  10. Soros 3/4 in Cash

    Though he is not one of my favorite people in the industry it isn't really possible to doubt the investing acumen of George Soros. Over the years many have made a good bit of money in markets by simply mimicking his strategies. The most recent, howev ...

    16 comments - 0 silver bananas - Jul 22 2011 - 12:45pm -

  11. Papandreou survives! But will Greece?

    Or the EMU for that matter? Pimco's Balls was on Bloomberg earlier today and he highlighted most of the obstructions Greece is facing in their crisis. Honestly I just feel bad for the Greeks, they've been enduring hefty austerity measures just t ...

    16 comments - 0 silver bananas - Jun 21 2011 - 9:24pm -

  12. Goodbye Greek Sovereignty, Hello Mayhem

    I'd like to dedicate this song to Greece, particularly the chorus. While I completely understand why they'd rather focus on Nicole Scherzinger's sweet gyrations, what they really should be doing is listen to the lyrics. They're terribl ...

    11 comments - 0 silver bananas - May 30 2011 - 10:39pm -

  13. My Big Fat Greek Default

    The markets have been choppy of late, due in no small part to the bit of drama playing out in the EU right now. A couple of EU nations are against the ropes in a big way, and there doesn't seem to be a coherent plan in place yet to deal with this nex ...

    15 comments - 0 silver bananas - Feb 11 2010 - 6:14am -

  14. PIG Flu: Portugal, Ireland, Greece on the Bubble

    We might have Aegean Contagion Part Deux on our hands. All is not well on your Uncle Eddie's side of the pond. Ireland draws closer to a full scale bailout by the day. Portugal is signalling that they're not far behind. And Greece is in the news ...

    11 comments - 0 silver bananas - Nov 16 2010 - 5:56am -

  15. Getting ready for an extreme tail event

    In which financial instruments would you invest in to benefit from a Greek default? I am starting to list the types of positions I would take if this unlikely event would occur. So far I found a list of short-turbo certificates offered by ABN-AMRO. Do you ...

    16 comments - 0 silver bananas - Jun 20 2011 - 8:53am -

  16. The Next Greece: Is It Curtains for California?

    If California were its own sovereign nation, its GDP would rank 8th among the world's 195 countries. Luckily, California is not a country, because that would mean Arnold Schwarzenegger would be Supreme Commander of the Kingdom of California. (And, by ...

    12 comments - 0 silver bananas - Jul 8 2010 - 7:48am -

  17. Rome or Athens for Spring Break

          Planning a last minute spring break trip to Rome or Athens. Any thoughts on one vs the other? Will have 5-6 days wherever I decide to go. Big pro of Athens is the whole economic implosion thing really seems to have depressed hotel pri ...

    16 comments - 0 silver bananas - Feb 29 2012 - 10:31pm -

  18. 10k bet on Greek default

          I have about 10k in disposable savings and a pretty strong view Greece will default within the next month. How would you guys go about (potentially) making as much money on a Greece default? As far as I know CDS aren't available ...

    24 comments - 0 silver bananas - Jul 12 2011 - 3:51am -

  19. EU Proposes $928 Billion Crisis Aversion Plan...It's About Time!

    http://leverageacademy.com/blog/2010/05/09/europea... After months of avoiding the debt refinancing troubles of Greece, the European Union came together this weekend in a crisis summit to address the falling Euro and credit malaise in the EU. Describing s ...

    15 comments - 0 silver bananas - May 10 2010 - 4:47am -

  20. Default Already Will Ya?

    Will Greece default this week? The question that has been on many minds over the past two years could come to a head in the oncoming days. Maybe it's the NFL season getting to me already, but I can't help to feel like I am watching a team tries ...

    6 comments - 0 silver bananas - Sep 13 2011 - 12:02pm -

  21. Is the U.K. the Next Greece?

    A day after the EU has come to terms on a bailout to save Greece, this Bloomberg TV analysis is pretty interesting. First, they point out that the rates Greece got were still pretty punitive, despite the fact that they were below market rates. But even mo ...

    8 comments - 0 silver bananas - Apr 13 2010 - 8:43am -

  22. Let the Greeks Go

    We often casually reference the 800 lb. Gorilla in the room to allude to issues which we prefer to ignore. In this regard, the hobbled, battered, beaten and tattered economy of Greece is a lot more like the 80 lb. model in a room full of coke dealers. Whi ...

    6 comments - 0 silver bananas - Jun 5 2011 - 1:24pm -

  23. A brief history of the Drachma

    In 1827, when the modern Greek State was created, money transactions were carried out mainly in Turkish coins, as well as in foreign currencies such as the Spanish Distilo. There was no Greek currency until 1828. A national monetary system, based on silve ...

    4 comments - 1 silver bananas - Nov 17 2012 - 7:45pm -

  24. Grexit

    What do you guys think would be the best outcome for tonight's debate on further austerity measures in Greece? For my part, I kind of hope they say no. The idea that the fallout from a Greek exit from the euro will be 'contained' is prepost ...

    6 comments - 0 silver bananas - Feb 12 2012 - 2:29pm -

  25. A Possible Inflection Point in Greece?

    As Greece has taken on an increasingly disproportionate role in today's macroeconomic outlook, the likelihood of the can NOT being kicked down the road ad infinitum seems to have shrunk to zero. But just as it seemed safe to give up on this whole thi ...

    7 comments - 0 silver bananas - Jun 28 2011 - 12:31pm -

  26. Purchasing Euros?

    Non-technical question here, hope that's alright. I'm planning on spending next Fall abroad in Europe and want to capitalize on the low Euro now. Where/what is the best form to purchase Euros? First consideration was to simply exchange at my ban ...

    13 comments - 0 silver bananas - May 25 2010 - 12:50pm -

  27. How the more fiscally responsible countries in Europe should feel about Greece’s “threat” of exiting the Euro

    Short Run: Long run: Unload all olive oil contracts: www.wheninfinance.tumblr.com Follow us on Twitter: https://twitter.com/#!/wheninfinance wheninfinance's blog       greece olive oil Blog ...

    5 comments - 0 silver bananas - May 17 2012 - 5:56pm -

  28. Greece- debt swap a good idea?

          from washington post: Heavily indebted Greece and its bondholders have agreed on a debt swap that would reduce the face value of their holdings by 53.5 percent. Bondholders-- banks, insurance companies, and investment funds-- are offe ...

    7 comments - 0 silver bananas - Mar 5 2012 - 8:39am -

  29. would you pay to work?

          Forget your shitty bonus, imagine having to pay back a month's salary. Salary cutbacks (called "unified payroll") for contract workers at the public sector set to be finalized today. Cuts to be valid retroactively since ...

    7 comments - 0 silver bananas - Feb 24 2012 - 2:49pm -

  30. Should public debt be allowed to be restructured?

          As title says. Do you guys think its a good idea to allow this to happen? SHould there be a sovereign Lehman Brothers? greece Portugal public debt Ireland ...

    6 comments - 0 silver bananas - May 24 2011 - 8:38pm -

  31. Greece Bans Shortselling

          Greece is baning shortselling for 2 months... Does someone have some knowledge as to how this is going to help matters? Just curious to what the logic behind this is. http://finance.yahoo.com/news/Greece-bans-shortsel... greece ...

    5 comments - 0 silver bananas - Aug 8 2011 - 12:20pm -

  32. Coming soon to a brokerage near you

    How it took this long for somebody to make this is beyond me, but nevertheless, this Thursday marks the grand debut of the Global X FTSE Greece 20 ETF (Ticker name: GREK), the first-ever all-Greek ETF. Tracking the FTSE/ATHEX 20 Capped Index, which in tur ...

    3 comments - 0 silver bananas - Dec 6 2011 - 8:29pm -

  33. I don’t get it: Why aren’t the peripherals moving out of the Euro Zone?

    I've been thinking about this issue for quite a while. If you look back at historical economic events, most of the accounts suggest a very clear message to us: Let the countries in strains voluntarily or be forced to devalue their currencies. By doin ...

    4 comments - 0 silver bananas - Mar 14 2011 - 11:42am -

  34. How about Greece File Chapter 11?

          How about debt holders convert into equity holders and get a say in the countries restructuring process, like figuring out tax rates and the budget. Afterwords, whatever is collected by the government in taxes and is left over after s ...

    4 comments - 0 silver bananas - Jun 22 2011 - 9:35am -

  35. Fed Investigating GS over Greece

    In what I'm quite certain will amount to much ado about nothing, Ben Bernanke testified before Congress today that the Federal Reserve is investigating Goldman Sachs 's part in the Greek debt crisis. Evidently, destabilizing a sovereign nation f ...

    3 comments - 0 silver bananas - Feb 25 2010 - 12:29pm -

  36. What is the Biggest Question in the Markets Right Now?

    Now that the S&P rallied over 60 pct since last March 2009, and pretty much all other markets except housing and real estate have also rallied (anything connected to financial markets that received the half of the several $trillion of US and other cen ...

    3 comments - 0 silver bananas - Mar 11 2010 - 11:06am -

  37. Greece turning into AIG?

          The more I've read about Greece the past six months the more it reminds me of how AIG went from absolute dogshit to hedge fund darling (and still is.) No, I don't mean it was bailed out/taken private by the government and an ...

    2 comments - 0 silver bananas - May 16 2013 - 11:21pm -

  38. Is a Euro Exit actually a viable option for Greece?

    After reading this article it got me thinking whether exiting the Euro is actually a viable option for Greece. Let's look at how things might play out (please bare with me for any simplifications etc. and should there be errors in my logic feel free ...

    2 comments - 0 silver bananas - May 17 2012 - 8:56am -

  39. Will Greek Insolvency Hurt SA Conversion?

          So this Greece deal seems to be starting to play out pretty seriously, and US markets certainly are nowhere as bullish as they were a couple of weeks ago. Was reading somewhere that some expect the Dow to hite 8500 before it hits 1150 ...

    3 comments - 0 silver bananas - May 18 2010 - 3:37am -

  40. Piece on the Greece Debt Crisis

          can someone recommend a report or an article (that you have read and found insightful) that summarizes the Greece Debt Crisis while providing an outlook? greece ...

    0 comments - 0 silver bananas - Jul 11 2015 - 5:24pm -

  41. The week that rocked the global economy…

      Last week represented a whirlwind of activities that shook markets and expectations. It started with the surprise move with the SNB exiting the exchange rate peg with the Euro driving many a hedge funds out of business followed by the death of King Abdh ...

    0 comments - 0 silver bananas - Jan 27 2015 - 4:39am -

  42. Will Greece fail to pay? How will the markets react?

          more context here... http://www.ft.com/intl/cms/s/0/1501e378-f56b-11e4-... global macro greece euro default ...

    1 comment - 0 silver bananas - May 11 2015 - 3:59pm -

  43. Greece Seeks $305 Billion in WWII Reparations From Germany

          lol...I know Argentina (among a few other countries) are wondering why they didnt think of this brilliant scheme Greece Seeks $305 Billion in WWII Reparations From Germany Amid a continuing negotiation over debt relief from the Europe ...

    0 comments - 0 silver bananas - Apr 8 2015 - 11:52am -

  44. Gold Futures Take Flight Over the proposed E.U. Bailout of Greece

    The action in gold on Friday was notable. Spot gold jumped over $5. And the rally has continued this morning, with gold now back above $1,110 for the first time in over a week. The jump appears to have been driven by concerns over an proposed E.U. bailout ...

    2 comments - 0 silver bananas - Mar 29 2010 - 6:55pm -

  45. Greece: A blessing in disguise?

          As the ECB and the Greek elections bring us closer to the decision of whether or not Greece stays on the Euro, I can't help but think about the potential for mispricings in the market- specifically among Greek companies. My theor ...

    1 comment - 0 silver bananas - Jan 18 2015 - 2:26pm -

  46. Lazard Advising Greece

    Lazard Advising Greece http://dealbook.blogs.nytimes.com/2010/05/04/lazar... May 5, 6:26 a.m. | Updated Lazard said on Tuesday that is advising Greece as it works to complete an extensive bailout loan from the European Union to avoid defaulting on its deb ...

    2 comments - 0 silver bananas - May 5 2010 - 10:06pm -

  47. Spain: Too Big to Fail

    In the past few months, we have witnessed a rise in the questioning the stability of the eurozone. Much of the focus has been on Greece and the June 17th elections (which have led to more confusion). The winner of the Greek elections, pro-euro New Democra ...

    1 comment - 0 silver bananas - Jun 18 2012 - 10:45pm -

  48. Putting Significant Stories in Perspective

    Andy note: This was originally written by Yra Harris in August 2012 on his blog. ...

    0 comments - 0 silver bananas - Sep 18 2012 - 11:11am -

  49. Next week

    Ok, I've been trying to set up some positions and targeted for the right timing for the past 3 years or so, but with little avail. The main reason I haven't able to take a position was because,- I was only thinking of long equity positions (sinc ...

    0 comments - 0 silver bananas - Jun 17 2012 - 4:51am -

  50. How I expect Germany to keep Greece in the Eurozone...

    ...despite any fools out there who think otherwise: Nein CHEpras: www.wheninfinance.tumblr.com Follow us on Twitter: https://twitter.com/#!/wheninfinance wheninfinance's blog       greece Germany Blog ...

    1 comment - 0 silver bananas - May 29 2012 - 8:46pm -

  51. Blackstone is advising Greece creditors?

          So I was browsing blackstone's transactions list and saw that BX "Advised PCIC on Greece's EU206bn debt restructuring". Anyone familiar with this deal or know who PCIC (Private Creditor Investor Committee) represen ...

    1 comment - 0 silver bananas - Jun 29 2012 - 1:49pm -

  52. Hedge Funds in the Balkan region

          Hi everybody I'm looking to get into hedge funds that invest/are active in the Balkan region. Its been very hard to find this information over Google and Linked in, does anyone have any idea of what I should be doing to have some ...

    1 comment - 0 silver bananas - Jun 14 2012 - 11:30am -

  53. French Plan

    Seems it is contingent upon the rating agencies not downgrading Greek debt and Papandreou maneuvering austerity through the gauntlet a second time. [quote=]Schaeuble sees a French proposal to roll over Greek debt as a "good basis" for talks, Asm ...

    1 comment - 0 silver bananas - Jun 18 2012 - 1:14pm -

  54. Europe’s Latest Tinder Box and Global Mega Trends – The EU’s Failure

    The Greater Black Sea Basin (GBSB)- the region between the middle of the Adriatic Sea in the west and the middle of the Caspian Sea in the east, between the Russian landmass in the north and the Turkish-Persian landmass in the south- is fast becoming Euro ...

    0 comments - 0 silver bananas - Apr 10 2010 - 4:09pm -

  55. High Inventories Keep Crude Oil Prices from Advancing on Week

    Oil Market Summary for 04/05/2010 to 04/09/2010 Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories in both crude oil and gasoline. The benchmark West Tex ...

    0 comments - 0 silver bananas - Apr 10 2010 - 11:48am -

  56. Why the Euro Might Devolve into Euro1 and Euro2

    The euro as presently configured is doomed due to structural imbalances between mercantilist and consumer nations. A "euro1 and euro2" system would allow a face-saving demise to euroland's single currency. I've got a bad feeling about ...

    0 comments - 0 silver bananas - Mar 2 2010 - 6:17pm -

  57. Soros Says the U.S. is Already in a Recession- Defining Balance Sheet Recessions

    Soros recently asserted that Europe could be more dangerous to the global financial markets than the default of Lehman Brothers in 2008, because of the political stubbornness of European policy makers. He has been saying this for over two years now, while ...

    0 comments - 0 silver bananas - Sep 25 2011 - 3:02pm -

  58. Greek Bonds

          Is there a way for a private (non brokered) investor to buy Greek Govt Bonds? ie Index Fund, Tracker etc? Thanks greece ...

    1 comment - 0 silver bananas - Jun 16 2011 - 8:49am -

  59. Goldman on the Irish Bailout...European Contagion

    The Irish bailout being unveiled this week will determine the performance of both the Euro and the global equity markets. Irish and Portuguese bond spreads had been widening over the past four weeks, since Ireland again became the focus of bearish investo ...

    1 comment - 0 silver bananas - Nov 22 2010 - 12:56am -

  60. Clarke and Dawes ask the million dollar questions

          I came across this video and I thought you guys might like the EU's Economy jokes in the video. This whole mess looks a lot like Madoff's Ponzi Scheme. Clarke and Dawes ask the million dollar questions http://www.youtube.com ...

    0 comments - 0 silver bananas - Jun 13 2010 - 5:44pm -

  61. The Greek Crisis Explained

          http://www.zerohedge.com/article/greek-crisis-thre... credit crisis solvency greece Euro zone sovereign debt greek crisis ...

    1 comment - 0 silver bananas - Jun 5 2010 - 3:48pm -

  62. Is Greece a Bear Stearns or a Lehman Brothers

          For you guys who have been around longer than me and seen more, what's your take on the size, complexity, and dangers of the market for sovereign debt? Could sovereign debt instruments issued by Greece and it's lackluster co ...

    1 comment - 0 silver bananas - May 5 2010 - 7:28pm -

  63. Greece

          "Greek two-year bond yields jumped more than 3 percentage points to more than 18 per cent Wednesday morning" http://www.ft.com/cms/s/0/a7a9c604-5297-11df-a192-... WHAT THE FUCK!!!!!!!! greece ...

    1 comment - 0 silver bananas - Apr 28 2010 - 8:26am -

  64. Greece Officially a Junkyard, Whose Joining Them?

    Standard and Poor dropped the hammer on Greece's debt, dropping the status to BBB. Now that their debt is entering the land of junk, it looks like Greece's problems just got much worse. But Greece isn't the only country in danger of these r ...

    0 comments - 0 silver bananas - Apr 27 2010 - 4:10pm -

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