Quote from: triffid on March 03, 2012, 06:08:08 PM
Some good news I guess .It looks like greece will get get its deal next week.   http://finance.yahoo.com/news/iifs-dallara-says-confident-greek-192929433.html  triffid

There's a complicated answer to that:
http://money.cnn.com/2012/03/07/markets/greece_debt_crisis/index.htm?hpt=hp_t3
       Even if the Greeks get enough participation from say, creditors, their 'credit default swaps' may entice creditors to stay away if they can get more money from them than losing in in the writedown.   They're capable of doing it, and that increases the chances of default, thusly involving up to a trillion euros in financial instruments that 'go south' as a result.

--Lee

ready or not here comes $4.00 a gallon gas.$3.54 last time I bought any.   http://finance.yahoo.com/blogs/daily-ticker/live-4-gas-economist-sees-hope-u-amid-191518576.html   triffid

Beyond those developments, however, this week brought a number of signals suggesting the global economy is hitting a rough patch, including:[/size]

   
• China cut its 2012 GDP forecast to 7.5% from 8% amid a string of weaker-than-expected reports on Chinese retail sales, industrial production and bank loans.
• Brazil reported 2011 growth of just 2.7%, well below what the government predicted a year ago. Brazil also said industrial production fell 2.1% in January, the worst since the 2008 crisis, prompting its central bank to slash rates 75 basis points.
• Manufacturing data in Italy and Spain came in well short of expectations while Markit Economics revised down its index of overall eurozone business activity. (PMI data in India was also disappointing.)
• Canada and Australia each reported unexpected drops in jobs in February.
• [/font][/size]

Hey Triff

Have you seen this vid? 

http://www.youtube.com/watch?v=faRjF3-WGVA&list=FLjjcpZL8tkpn4WGkU2y_lPQ&index=1&feature=plpp_video

Mags

Thanks Mags for that video clip.I heard about it today from my brother that congress is not necessary to even notify before going to was with another country.Time to impeach somebody I think!And remove them from power or their jobs anyway.As a young man I was told to join the military and do my duty for my country.I chose to go to college.I allways thought I had made the right decision for me.Now it looks like we are going in so many wrong directions at once as a country..triffid