Yeah! Greece is saved, party on Garth. It is funny, if you actually read the articles, they actually tell you exactly what you need to know--
No one is guaranteeing these bonds from Greece, only Greece (sorry Greece, thats reality)
Greece doesn't want to appear to be begging (they are proud), and they don't want the perception of weakness.
They think that this is only a matter of confidence -- as opposed to structural deficiencies of way to many trips to the punchbowl, followed by way too many crack hits to get the zombie to dance once more.
They want rest of Europe, especially Germany, to publicly tout that Greece is an independent country that can stand on it's own..... huh?
http://www.huffingtonpost.com/2010/03/05/greece-bonds-sell-off-the_n_487025.html
We did a piece on the deceptive nature of market jargon. By getting people to feel like "an insider" with special lingo, they are more willing to put their capital at risk.
http://www.smartmoney.com/breaking-news/on/?story=ON-20100305-000424
If you haven't read this, you better, it is likely to affect you.
http://oahutrading.blogspot.com/2010/02/new-buzz-words-annuitization-tin-foil.html
"It's so much easier to suggest solutions when you don't know too much about the problem."
- Malcolm Forbes
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Insightful and Useful Comment!