Comments on: As Greece's Woes Demonstrate, the Fuse Has Been Lit on the Global Debt Bomb

By: DAVID THIBODEUX

DAVID THIBODEUX — Sun, 07 Feb 2010 14:11:41 +0000

THE US KNOWS THAT INDUSTRI REQUIRES HUGE AMOUNTS OF OIL , MAYBE THIS IS WHY IT SEEMS THE US IS SO CRAZY LETTING ALL THESE FACTORIES GO OUT TO OTHER CONTRIES BUT NOW CHINA IS SCRAMBLING TO GET ENOUGH OIL TO KEEP UP WITH DEMANDS , AND HAVE YOU NOTICED HOW CLEAN OUR COUNTRY HAS BECOME IN THE LAST 20 YRS, BECAUSE OF EMMISSIONS STANDARDS NOW OUR CONTRY IS VERY CLEAN I HAVE BEEN TO 3 OTHER COUNTIES AND IT IS POLLUTED AND AIR IS DIRTY, SO NOW CHINA HAS ALL THESE SMOG PROBLEMS,YEAH IT SEEMS COMMOTIDIES ARE A SAFER BET LIKE OIL IT IS SO COMPLEX I DONT THINK ANYONE REALLY KNOWS

By: Mike Furst

Mike Furst — Fri, 05 Feb 2010 01:41:48 +0000

Ah, Geez! In China, a ratio of women to men of 1:100? Where do people get this kind of silliness? Yes, the ratio is unbalanced but its more like 1.06. That means that for every 100 females, there are 106 males.

By: Panayotis Economopoulos, MA, Ph.D

Panayotis Economopoulos, MA, Ph.D — Fri, 05 Feb 2010 00:49:21 +0000

The Greek problem is blown out of proportion for speculative reasons. 40% of Greek GDP is unreported and not counted when compared to public debt. It is a mistake to consider only the public component of the country debt. The private component is only 90% of GDP. Compare this with the cases of Britain, USA, Italy even Germany!!! The EE can help Greece reduce these spreads. Austerity measures have never managed to take a country out of recession! Get serious.

By: H. Craig Bradley

H. Craig Bradley — Thu, 04 Feb 2010 19:14:03 +0000

PUMP AND DUMP ASIAN STOCKS

Why is just about ever article on this website a variation of financial doomsday, at least for the Western Developed Economies? I detect an Asian bias here? Is this website paid for by the International banking cartel? Right now, we appear to be in a deflationary period (deleveraging) of possibly long term duration.

If inflation resurfaces, it probably won't be anytime soon. Asian markets are looking pricier all the time. Generally, a hot asset class last year (emerging markets) may dissapoint the following year. It is not usually a great idea to follow the herd. Moreover, no matter where in the world you buy an asset, it is near impossible to make much money if you overpay for it.

By: Damian

Damian — Thu, 04 Feb 2010 13:54:51 +0000

So Greece is the only country that has "fiddled its figures"?

Their biggest problem now is they don't owe enough to really hurt creditors with default.

But when you owe 10's of trillions the burden of debt is reversed.

By: Peter D. Hunter

Peter D. Hunter — Thu, 04 Feb 2010 13:44:37 +0000

OK. So how can we short credit default swaps that have most exposure to Greek debt?

Pete Hunter

By: JOSEPH FOSTER

JOSEPH FOSTER — Thu, 04 Feb 2010 13:25:03 +0000

Before we find fault with Greece and others, why do we not focus on?
The fault of the USA that wants to become in the future an Agriculture based economy and return to poverty status.
When the Industrial revolution began it made the US one of the wealthiest countries amount the other G7 but now the US has decided that they no longer deserve such wealth, it is now the turn of Asia to become the Industrial
Countries of the world and Americans shall be the buyers of the product produced. Prior to 1980, the Asian countries were buyers of the product produced in America,
The fall of any country is the result of debt, and its quest to extend its geo political influence by foreign aid it cannot afford.
Greece is only one of the 27-member states of the European Union and its demise will not have a significance impact on the EEC.
What about 43 states that is also bankrupt, since some of them wants to pay police officer’s $200,000 per annum.
The milking cow for their revenue was the homeowners property tax, that milking cow has now run out of milk.

By: spadice

spadice — Thu, 04 Feb 2010 13:22:38 +0000

Due to debt problems of Greece, Spain and Italy and other European countries in the waitingroom de Euro will fall sharply on the orher hand gold will soar to new highs.

By: Sean Lawrence

Sean Lawrence — Thu, 04 Feb 2010 12:59:49 +0000

While am concerned about Greece and others, I am more legitimately worried about the rise of China as a result of the US routinely exporting jobs and importing everything else. At some point one has to have a hand in the building of the goods they consume. That huge sucking sound is the whole American population shopping at Walmart.

By: Philippe de Massia

Philippe de Massia — Thu, 04 Feb 2010 12:03:11 +0000

Hi.
Here are some things I'm thinking about and that are never mentionned.
Aging of the world's population, and that China has a serious birth problem (woman don't want kids and one woman per 100 men…)
This will have a serious affect on housing, more available, less people to put in…
These are serious issues to adress for the economy and the future generations to come…
Are we avoiding the question?

I still have many questions in mind.

Thank you

Philippe de Massia