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Idiocy Knows No Borders

greece crisis

As a veteran investor and hedge fund manager, I've often pursued strategies that feed off volatility. So for me, the type of schizophrenic, up-and-down action that we saw last week was just what the doctor ordered. Unfortunately, for anyone banking on a positive long-term outcome for Greece and the EU, the doctor making orders may well be named Kervorkian.

The "Gridiots" in Europe spent the week torturing a world too fearful (or stupid) to just ignore their idiocy. The dysfunctional and bankrupt Hellenic State will continue to be funded for a couple of more years - after which they'll have to go through this moronic exercise all over again. Having allowed its populace to self-immolate and vote against accepting the demands of its creditors, the Syriza government caved to precisely those demands and now the world will wait to see if the rest of the European governments will be dumb enough to fall for this charade.

Read more....

Inside the Greece Crisis: Can Greece Exit the Euro?

Greece Crisis

The Eurozone and the Greek people are wondering what happens if Greece exits the euro.

The conventional wisdom is that Greece would abandon the euro, adopt the drachma, and then work to devalue it to boost export competitiveness and grow the economy.

The reality is not so simple...

Protect Your Wealth from Greek Fears

greece crisis

The recent disquiet over Greece has been threatening the markets and dominating the headlines, but the best course of action for investors right now is to view it as more noise than signal.

The Greek situation has taken years to play out, and the levels of non-hedged global exposure to Greek debt have been drastically reduced since 2010. There has also been plenty of time to mitigate the risk of contagion that could result from a Greek default or even an exit from the euro.

Read more here...

What Happens If Greece Exits the Euro?

what happens if greece exits the euro merkel

The Eurozone and the Greek people are wondering what happens if Greece exits the euro.

The conventional wisdom is that Greece would abandon the euro, adopt the drachma, and then work to devalue it to boost export competitiveness and grow the economy.

The reality is not so simple...

What Happens When Greece Defaults?

what happens when greece defaults

What happens when Greece defaults?

That's the question on the market's mind right now. It's no longer a question of "what happens if Greece defaults?"

Here's why the stakes are high, and why a default or "Grexit" is about more than just Greece...

The True Story Behind the Greek Debt Crisis: Why Hasn’t Greece Defaulted on Its Debt Yet?

Greek Debt Crisis

For most of the Greek debt crisis the reality has been well-known. Even if it was only initially discussed among the staffers and in the back offices of the International Monetary Fund, a Greek default has always been inevitable.

So now that Greece is €328 billion in the hole – a 175% debt-to-GDP ratio – exactly why hasn’t Greece defaulted on its debt yet?

Here’s the real story behind the Greek debt crisis…

Why a Greek Default Is a Global $360 Billion Problem That Affects Us All

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A Greek default is inevitable. Years of piling up bailout loans without a reprieve in the Greek debt crisis prove that.

But it's not just the 300 billion or so euros in Greek debt are the problem. It's the complicated spider web of cross-collateralizations and derivative trades tied to Greek debt that are the real terror.

Here's how a Greek default could be a much bigger problem than you're being lead to believe...

Why This Euro Rebound Won’t Stop Euro-Dollar Parity

Euro Dollar

Euro-dollar parity is still coming. Don’t be fooled by this sudden rebound.

The fundamentals support a fast dive to euro-dollar parity. But the technical traders simply won’t allow it to fall to those levels so quickly.

Here’s why euro-dollar parity will still happen, even if there are some snags on the way down…

A Bond ETF to Play the European Hunt for Yield

bond etf

The hunt for yield in Europe is positioning a certain bond ETF for big gains.

Right now, Eurozone government bonds are a no-go. Yields are crashing all across the continent and the profit opportunities are drying up. This will only be made worse as the European Central Bank carries on with quantitative easing.

But it's making this bond ETF, which plays off an important subsector, a must.

How Much Does Greece Owe? 4 Charts That Put Greek Debt in Perspective

how much does Greece owe

Greece is on track to run out of money in two weeks.

Unless officials can alter its current burn rate, the Mediterranean country will hit a cash wall on April 8, according to German newspaper Frankfurter Allgemeine Sonntagszeitung.

Exactly how much does Greece owe?

The country is 323 billion euros in debt ($352.7 billion) - more than 175% of its GDP.

These four charts help to put that number into perspective...

Google's New "Euro Plan" Could Boost Shares by 50%
(or More)

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Google Inc.'s (Nasdaq: GOOG) plan to merge its European operations might look like a defensive pullback, but it's really a potential buying opportunity. In fact, Money Morning's Defense and Tech Specialist Michael Robinson thinks the stock could soar 50% over the next three and a half years.

The search giant said on February 25 that it would merge its two European divisions.

How Investors Should Play the Greek Debt Crisis

greek debt crisis

Last week Greece got a four-month reprieve on its bailout plan, but the risks that nation presents to the Eurozone and global markets remain.

So it's a good time to review how investors should play the Greek debt crisis.

"From chaos comes opportunity," Money Morning Chief Investment Strategist Keith Fitz-Gerald said in a Tuesday appearance on CNBC Asia's "Street Signs.

To find out how Fitz-Gerald thinks investors should play the Greek debt crisis, watch this video...

How to Profit from the Greek Debt Crisis

Greek debt crisis

The Greek debt crisis is the single-most important thing happening in the markets right now. We've got three scenarios showing how it could affect you...

We've also got three trades you can make today.

Don't wait to make your move. Greece has only about 13 days to go before it runs out of cash. Here's everything you need to know...

What the Greek Debt Crisis Means for Markets and Your Money

Greek debt crisis

All eyes are on Greek debt crisis this week, and rightfully so.

The country lied to get into the European Union, managed its finances terribly during its membership, and now wants to renege on its obligations. I'm not surprised and chances are you aren't either. We've been talking about the fallacy of central banking and the dangers associated with derivatives trading for years.

Now we need to talk about what happens next and, of course, what the Greek debt crisis means for your money...

After Eurozone Meeting Today, Will Greece Play Russian Wild Card?

Eurozone meeting

As an emergency Eurozone meeting today (Wednesday) convenes to discuss a possible Greek debt deal, observers are underestimating Greece.

Surely Germany holds all the cards in negotiating a Greek debt deal, and has a lot of power how much austerity Athens may have to stomach.

But Greece is not without a wild card of its own...