Thursday 19February2015 - Crude Oil and Greek Debt - NOW WHAT?

A couple of clips from Danielle Park’s web site this morning, to cheer you up.

Probably not crude oil at $10 but a move into the $30 range technical support shelf from 1990 and 2000 peaks would be reasonable.

Let Greece default on their debt and get it over with. Defaults are nothing new. With Greece and South American countries and others in the past.
The world is awash with debt that will never be repaid. Stop loaning money to countries to pay the interest on debt that they cannot afford to pay from their own tax revenues.
Now Greece. Next Portugal, Spain, Russia, Italy and so on. And eventually Japan and the US.
Can you believe it. Negative interest rates in a number of European countries – Germany, Switzerland, etc.
You pay the bank to keep your money and pay interest to buy government bonds.

These are exciting times!

Hello deflation.

 

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