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POPSBerlin opens door to Greek bail-out - Bailout 2.0 cont. "Greek government would have to agree to a “long list” of demands to reform the Greek state". From a Greek perspective that looks like loss of sovereignty to German diktat - an extremely volatile mixture given horrifying memories of the German war time occupation.
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POPSEurope On The Brink - Contagion spreading Austria is also reported to be engulfed in bank debt, not to mention Sweden and the Baltic States. Social unrest and an increasingly authoritarian States are liable to be the consequence, for the short term at least. Who knows after that?
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POPSGreece downgraded over high debt Europe is falling. What will the order be: 1) Greece, 2) Ireland, 3) Italy, 4) Portugal, 5) UK, 6) Spain? What could Germany and France do then, but follow. What happens then is the $64 trillion question. Hyperinflation? More deflation? Nobody knows, but they will know soon. The knowledge is liable to be depressing for believers in eternal economic growth.
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POPSThe Collapse of Finance The wave is breaking. Time to start surfing for your life. Experiencing the moment, while anticipating what will happen next must be vitally important in preventing wipe outs.
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POPSDubai World asks for debt ‘standstill’ I wonder how much Saudi Arabia has over built. Even by today's standards, $80 billion is a big number for virtually worthless property assets built on the assumption of an everlasting boom.
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