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  1. You should probably read a bit more on the collapse of Banco Espírito Santo.

  2. I believe you missed my point here. When Papandreu announced the referendum back in 2011, for a few weeks Greece was only able to acquire petroleum from Iran. It is a matter of credibility.

  3. No ideology here, nor economics.

  4. Again you are past the point on this, even if the euro has flat lined against the dollar. What matters is the action of ECB in face of devaluation. A devaluation would be good for most Portuguese business and the economy in general.


You might find me At The Edge Of Time.
by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Wed Jul 1st, 2015 at 04:17:17 AM EST
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  1. banks that hold large exposure to common stock are not primarily in the business of banking. Let them burn.

  2. Syriza has been planning this for some time. There should be supplies in the pipeline for a few weeks.

  3. "Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. - Keynes

  4. the Fed Funds rate is historically a reliable anchor for ECB interest rate policy. The ECB's intellectual vacuity works in our favor here.

- Jake

Friends come and go. Enemies accumulate.
by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jul 1st, 2015 at 10:39:54 AM EST
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