The stock market and the impact of the Greek debt crisis

with Floyd Norris
in Current Affairs, Business
on Thursday, May 6, 2010 * * * * *

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We look at the stock market and the impact of the Greek debt crisis, we begin with Floyd Norris of 'The New York Times'

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Keywords:
Dow
money
Business
Greece
economy
securities
finance
Citi
SEC

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  • Comments 2
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    1. todd  05/10/2010 01:41 AM Report

      You academics see the sweetness of life because you're all insular. Like the sweet center of an onion, you are so many layers removed from the outer layer that supports your ivory tower view of the world. True academics wrote the books under the sun and candlelight of objectivity itself. You, however, have summoned the mere echo's of a subjective modern day cacophony...you're following your own bouncing ball - not reality. Even Darwinist's fail to see the folly of this anti-evolutionary means of forward progress...we are in a state of atrophy due to our ignorance of the Law of conservation of energy: you must move to maintain balance; not grab onto something...it's our exchange with the primal laws of give and take that supports momentum - not TAKE alone. Redistribution of wealth is when a pioneer of wit and bravery offers another a JOB, not a free ride. Killing the Golden Goose (the enterprising spirit) kills countries at the expense of ideology.

    2. REMant  05/07/2010 01:21 PM Report

      Another way to put this is that the Eurozone created a moral hazard for Greece, and probably Portugal, and Spain, Ireland, etc., by removing the need for virtue and independence, but as I said yesterday, its monetary policies helped to impoverish it. And I doubt very much the Fed's acquisitions and the TARP will turn out to be good things for the same reason. Much of our recent growth has been at other's expense, and when you can consider firing workers and shuttering businesses productivity gains, reports of it not always transparent, either. There is always the possibility that yesterday's crash was all a mistake, or even caused by a person of Pakistani origin, but as in 1987, there are likely other things involved.