Hmmm...Any Gurus tie the RV to Greece yet?

[D-BUNK]

I'm surprised it hasn't happened already- but I imagine it has and I missed it. Anyone seen this yet?

[11 Bravo]

ABOUT TWO WEEKS AGO.

[umbertino]

ABOUT TWO WEEKS AGO.

Bravo 11 bravo.

[Longhorns]

Fears over Greece’s possible default continue for another week, as the European government failed to reach an agreement regarding the aid package, thereby investors continue to avoid risk and look for safe heaven.

Volatility could persists within the currency, Commodity, and equity markets this week awaiting a decisions from Europe, especially with the combination between the softer U.S. economy and the continuing credit crisis in Europe.

There will not be major data today, therefore the existing sentiment will have a decisive role, unless there will be important news coming from Europe regarding its sovereign debt crisis.

The euro fell today to the lowest at 1.4189 and now is trading around the 1.4220 level as Europe fails to agree on a bailout for Greece. A default could have long bad repercussions on the European banks.

As demand on safe heaven increased the dollar index rose to the highest at 75.46, bringing losses to the pound, the yen and the Australian dollar which proved to get affected by the questions surrounding the global outlook.

Asian and European stocks dropped today, while the commodities were under pressure. Oil is trading below the $91.50 level as the dollar strengthened, while gold is moving around the $1538.00 level, almost unchanged since this morning.

[WesParsons]

Here's how I see this impacting the RV...

Heard on the news today that greece is 99.993% likely to default....

Ben Bernake said today that when Greece defaults, it'll likely send the US back into a recession (I have no idea why but that's what he said)

heard today that the Royal Bank of Canada sold off it's retail holdings in the US, banking in the US right now and for the near future is a losing business.

I think these things will add pressure to the US which in turn will exert any pressure they can to improve their situation with an RV....

so indirectly via pressure I think the Greek default will help the RV process.

[The Original Spike]

LOL... Greece has been financially in trouble for quite some time now. Europeans in general have shorter work weeks and longer vacation structures mandated by the different countries dealing in the use of the euro. Standard VC is a month to a month and a half! You don't work up to this, you start out with it! LOL, it's regarded as a human right... LOL... Cut their VC time and start on the road to fixing their financial, downward spiral... Oh, it wouldn't work, the masses would start a rebellion... LOL... Maybe the RV can be a catalyst to helping the worlds economies, but unless their is major restructuring, by all nations, including our own, it will be nothing more than that fairy tale of the Dutch kid trying to save Holland by plugging holes in the dyke with his fingers as other holes pop up. Eventually that kid is going to run out of fingers... and toes...

Edited June 21, 2011 by The Original Spike

[Geck]

Here's my info about Greece for ya'll.

If this thing RV's at over .40, Geck is going on a long holiday there.

Nuff said.

[sandyf]

Not only Greece

US PRESS: The White House and congressional leaders are accelerating ...

21. June 2011 11:33:52

US PRESS: The White House and congressional leaders are accelerating

negotiations over the biggest debt-reduction package in at least two

decades amid mounting concern that the effort is running out of time,

the Washington Post says. Over the next six weeks, negotiators must

strike a bipartisan compromise to slice more than $2 trillion from the

federal budget by 2021, reduce the complex plan to writing and persuade

a bitterly divided Congress to support it, the paper says.

US: Ratings agency reported saying earlier that it will put the US on ...

21. June 2011 9:41:07

US: Ratings agency reported saying earlier that it will put the US on

ratings watch negative in the debt ceiling is not raised by Aug 2,

adding that it will put the US on restricted default if the States does

not meet its Aug 15 coupon payments. However, Fitch says any US

sovereign default is expected to be cleared promptly. Fitch also note

that after a sovereign default, it would be unlikely for the US to

regain its AAA rating. But, all this said, Fitch reportedly caveats with

its likely scenario that the debt ceiling will be raised and a default

avoided.

[KCT]

Saw a rumor on another site that states IMF has approved a loan for Greece for 48 hours stating they wouldn't need it after that. Still trying to find legitimate link before I post with a title in forums. Definitely one of those things that make you go Hmmmm.

[The Original Spike]

Saw a rumor on another site that states IMF has approved a loan for Greece for 48 hours stating they wouldn't need it after that. Still trying to find legitimate link before I post with a title in forums. Definitely one of those things that make you go Hmmmm.

Now that would be interesting...