Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money. The number of Greeks searching for homes costing more than 1.5 million pounds ($2.4 million) on the website of property…
Tag Archive for Greeks
Charles Hugh Smith
When Debt is More Important Than People, The System Is Evil
by Charles Hugh Smith • • 1 Comment
The Empire of Debt has only one end-point: a death spiral. It is evil and must be dismantled.
Ethics has no place in the Empire of Debt. The financialized Status Quo is careful to limit the language used to describe the situation in Greece …
Contributors- Economic and Financial, James Howard Kunstler, Must Read
The John Brown Moment
by James Howard Kunstler • • 0 Comments
When Gaia gets pissed off enough at the antics of humanity, she sends in her hit-man, Reality, to settle accounts. Reality is blessed with a cloak of invisibility. The human race is so busy concocting stories about what it is doing, that Reality steals onto the scene unnoticed – until bodies start to fall over, and the sort of bad political weather known as a shit-storm fills the skies, the streets, and the…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Greece, China, and the USA
by Bruce Krasting • • 0 Comments
. On Greece
I spoke with someone from Athens today. It’s not a pretty picture.
Issues related to subsistence have replaced the fervor for demonstrations. This may not last according to this resident.
The closing of stores and shops is escalating. A…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
As Centralized Systems Devolve, The Solution Is Localism
by Charles Hugh Smith • • 0 Comments
Depending on Central State/central bank borrowing and spending to prop up the Status Quo is a doomed strategy.
I think the thread between these three seemingly disparate stories is clearly visible. I am indebted to longtime correspondent Joel…
Bears Chat, Best of the Forums
Fast Cars and Loose Fiscal Morals
by Bears Chat at The Wall Street Examiner • • 0 Comments
Jubilation about the German deal to save the euro could prove short-lived if fresh news of Greek tax evasion gains wider currency. There are more Porsche Cayennes registered in Greece than taxpayers declaring an income of 50,000 euros (£43,800) or mor…
Bears Chat, Best of the Forums
Bank folks can’t count
by Bears Chat at The Wall Street Examiner • • 0 Comments
Jun 14, 2011
AsiaTimes
Bank folks can’t count
By Chan Akya
With a dull inevitability that portends the sheer indifference of the rest of the world, the sovereign debt crisis in Europe ripped out another leaf from the Keynesian book. Breathtaking …
Bears Chat, Best of the Forums
Things Get Curiouser and Curiouser
by Bears Chat at The Wall Street Examiner • • 0 Comments
As if it were not strange enough! Microsoft bought a phone company with no phones for $8.5 billion. Then, the public bid up the price of another Internet company, LinkedIn, to the point where buyers were paying more than $20 for every dollar of rev…
Bears Chat, Best of the Forums
The Successful Failure of U.S. Money Printing
by Bears Chat at The Wall Street Examiner • • 0 Comments
To hear the papers tell it, US stocks are being weighed down by troubles in Europe.
….snip…..
Yeah. The problems are all in Europe. If it weren’t for the Greeks, and Italians, and Spaniards…it would be clear sailing here in the US.
But t…
Bears Chat, Best of the Forums
Greeks may restructure debt
by a Wall Street Examiner • • 0 Comments
From the “duh” files.
http://www.nytimes.com/2011/04/19/business/global/19euro.html?ref=global-home
The Greeks reject a debt restructuring out of hand. The European Central Bank fears that such a move will spread financial panic. And, meanwhile, the…
