Euro Crisis: Derivatives Cloud the Possible Fallout From a Greek Default - CNBC
In years past, when financial crises in Argentina and Russia left those countries unable to make good on their government debts, they simply defaulted. But this time around, swaps and other sorts of contracts have become so common and so intertwined in the financial markets that there are fears among regulators and financial players about how a Greek default would play out among derivatives holders.
The looming uncertainties are whether these contracts — which insure against possibilities like a Greek default — are concentrated in the hands of a few companies, and if these companies will be able to pay out billions of dollars to cover losses during a default.
Showing posts with label ECB. Show all posts
Showing posts with label ECB. Show all posts
Thursday, June 23, 2011
Thursday, June 16, 2011
Default will not be a trigger for next melt down.
Greek PM to Reshuffle Cabinet; IMF 'Concerned' - CNBC
Will Greece be trigger point?
No I don't think so?
It will not be a trigger for next melt down, it is already discounted in market. It is smaller than Lehman default? The strigger needs to be bigger. There is nothing to worry? If it default, then it is best thing now. If not then it will default in next year or so. Present situation of Europe is much better than USA. The toxic is in the system there and financial system.
European default in general will not be trigger for next meltdown? After Greece........ Irland...... Spain.........Portugal...........Italy. One at a time. Still no problem. They all will default in next three to five years time, if not now. Let us clean it.
Global meltdown trigger can only come from USA, I am waiting for AIG or Goldman, they will be the trigger for collapse.
In my opinion Fed will go for next round of easing and then let us wait for more.
This will be 3 to 5 years. And best job guarantee is War?
War is coming? Libya is one, Yemen next, then Syria and yes Sudan. This how to create jobs for 10% unemployeed US.
Arab world has started changing but now, this is turn of Europe to change.
Greece, Space and many more more regime will change.
Will Greece be trigger point?
No I don't think so?
It will not be a trigger for next melt down, it is already discounted in market. It is smaller than Lehman default? The strigger needs to be bigger. There is nothing to worry? If it default, then it is best thing now. If not then it will default in next year or so. Present situation of Europe is much better than USA. The toxic is in the system there and financial system.
European default in general will not be trigger for next meltdown? After Greece........ Irland...... Spain.........Portugal...........Italy. One at a time. Still no problem. They all will default in next three to five years time, if not now. Let us clean it.
Global meltdown trigger can only come from USA, I am waiting for AIG or Goldman, they will be the trigger for collapse.
In my opinion Fed will go for next round of easing and then let us wait for more.
This will be 3 to 5 years. And best job guarantee is War?
War is coming? Libya is one, Yemen next, then Syria and yes Sudan. This how to create jobs for 10% unemployeed US.
Arab world has started changing but now, this is turn of Europe to change.
Greece, Space and many more more regime will change.
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