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michaelpelly commented May 1, 2015Wow, it seems the communists has entered the table here - world conspiracy against poor old Greece, bad banksters, oppressed people - I feel like I'm back in the 1917. I don't fell oppressed, neither feel any hate for EU leadership. The world ...
Greece signals concessions in crunch talks with lenders
- michaelpelly commented Apr 29, 2015
I really can't understand Greek people - they are either dumb or dumber... I really don't think shouting at EZ meetings is the way to go, but Dr Varoufakis really seem to know economy and at least tries to save face for keeping the battle with ...
Wife shields Greece's Varoufakis from anarchist attack at restaurant
- michaelpelly commented Apr 24, 2015
We're not talking here about history, culture or geography. We're talking about inept governments, unaware civil society, financial black hole that need to be haircut - and we are talking about how much Greece actually benefits from Europe for the ...
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
This is exactly what I'm implying - the attitude. Greece has its time and place in history, but world is not Greece, and there is no real reason to be treated with "special" attention. B.t.w. everyone knows about Vietnam too - so what? :-).
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
Ah-a! I got it! So now Germany and EZ have this behavior, because you are Greeks. How is the feeling? ;-)
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
I think that you should consider using simpler explanation for this public debt issue - let leave alone world conspiracies towards Greece, etc... Here is some really good, economical explanation based on facts, not paranoia: url
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
In order to dissipate your profoundness: url I think we have a statistical proof where is the "micro" compared to our nation ;-).
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
Pretty soon you are going to call everything with small names - pensions, salaries, bonuses, benefits, etc...etc... Don't get me wrong - I couldn't personally care less what will happen in Greece next 5 yrs. Just following this epic modern Greek ...
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
O, my dear friend - "I think you are the one, that is mistaken for many many things" (sorry if the quote doesn't hint to you much - I know down there common culture is channeled to ouzaki and souvlakia).
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
As I said couple weeks ago - I gladly expect Greece to default, return the drachma and open its wonderful landscape to more and more tourists. So we can enjoy 0.20 EUR coffee and 2.80 EUR lunch. There is a bright side after all...
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
They are not, but for example Poland is comparable - and they don't get 1000+ EUR pensions...
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
Don't even ask - their pensions are closer to Germany's than to other countries with GDP-per-capita similar to Greece's.
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
So why your public finances are drowned in debt and you have so many failed governments for the last 20 yrs?! If everything is so pinky and wonderful down there, and Greek people are such wonderful nation...something in this picture doesn't connect ...
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 24, 2015
What-a you know - US economy is "recovering" and job market is "booming" ;-).
Capital Goods Orders in U.S. Unexpectedly Fall for Seventh Month
- michaelpelly commented Apr 24, 2015
For 3 months I keep hear it - I think even the kindergarten kids figured out already that the USD "strength" was produced only by "talking heads" speculation - exactly as the pound last summer.
Capital Goods Orders in U.S. Unexpectedly Fall for Seventh Month
- michaelpelly commented Apr 24, 2015
A-ah, this word again...:-)
Capital Goods Orders in U.S. Unexpectedly Fall for Seventh Month
- michaelpelly commented Apr 24, 2015
Yey, absolute killer! Now Greece is supporting Finland?! :-) As I've said many times - there is no lie, cheat, theatrical act or stupid stunt a Greek will not try when he/she need to pay - for whatever reason...
Varoufakis: Greece cannot cut pensions
- michaelpelly commented Apr 22, 2015
Hard to tell. Scale is quite balanced right now. The prerequisites for cable to start climbing are there, but the downtrend was strong last months and can't exclude one more push downwards - zone 1.44 - 1.43. Carefully buying dips.
Morning View: RBA 50/50; BoE Edge Toward a Hike
- michaelpelly commented Apr 20, 2015
Well, basically only the media frenzy was feeding the idea that if Greece defaults it would mean automatic exclusion from EZ and EU.
Constancio Says Greek Default Doesn’t Mean Automatic Euro Exit
- michaelpelly commented Apr 20, 2015
Hmm, couple 4 hrs charts later and Greece is still not defaulted. Great analysis out there! :-) Keep it up! :-).
Signs the market is girding for a Greek default, in 4 charts