By Zero Hedge on August 13th 2010
The Guardian, UK proclaims:
Greece’s economy deeper in recession than forecast
• Second-quarter GDP in Greece estimated to have fallen by 3.5% year-on-year [Reggie’s
note: I’d like to bring to your attention that this is a pace that is
over 11.5x WORSE than the projections that Greece used to get the
austerity package-based bailout!!! It is also much more in . . . → Read More: Greek Recession Deeper Than Forecast, or Another Vindication of Independent Proprietary Analysis Over Government Propaganda?
By Market Ticker on July 30th 2010
“Here it comes”……
LiesMan on CNBS is spooging himself with “wow”s.
Well, the futures disagree. And so do I.
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.4 percent in the second quarter of 2010, (that is, from the . . . → Read More: GDP Report: Liar Liar Pants On Fire
By Zero Hedge on July 7th 2010
On Wednesday, May 26th, 2010 I released “A
Comparison of Our Greek Bond Restructuring Analysis to that of
Argentina” in which I explicitly outlined the restructuring
of Greek debt using the Argentina experience as a template (I suggested
that mixture of zero coupon bonds and explicit haircuts would be
utilized to re-wrap debt). During that time, . . . → Read More: Greece Starts to Restructure in Real Time, Exactly As We Predicted – Rendering EU Stress Tests As Credible As Platinum Laced Frog Farts
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