Recent comments by Rajesh

Greece not playing a game of chicken on debt - Kotzias
| Reuters

Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece's economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors.

Kotzias is part of the leftist government that took over in January after an anti-austerity campaign promising to roll back reforms and cutbacks agreed by the prior government to improve Greece's finances.

Kotzias said Greece and its euro zone partners need to compromise on creating political policies that will foster growth and allow the country to pay its debts.

Asked if he is simply asking the rest of Europe to trust Greece, he said: "No. To be pragmatic. Trust is a very important thing but they have to be pragmatic."

"Do they want to support us to have growth... or do they decide to have Greece struggle, to punish Greece and to create an example of what happens to a country that has a left government," Kotzias said at the end a four-day visit to Washington and New York.

German Chancellor Angela Merkel said in Brussels on Thursday that everything must be done to prevent Greece from going into bankruptcy.

However, Friday's meeting of euro zone finance ministers in Riga brought a stark warning to Athens that its leftist government will get no more aid until a complete economic reform plan is agreed.

Has anyone else noticed how often IT problem seem to occur late Friday afternoon or evening?

robj wrote:

That would be Truman

I think Ike gets the blame for 1953.

Rickkk wrote:

in return is getting the new apartment she was asking for

Isn't the president afraid of being inundated with fruit now? If you want something from the government, throw a fruit at the president.

Not a step closer or I'll shoot myself.
Greek finance minister tells magazine: Grexit no bluff if more austerity imposed
| Reuters

The risk that Greece would have to leave the euro if it has to accept more austerity is no bluff, Greek Finance Minister Yanis Varoufakis told a French magazine, saying that no one could predict what the consequences of such an exit would be.

In a conversation with philosopher Jon Elster conducted at the end of March and published in France's Philosophie Magazine, Varoufakis, a specialist in game theory, said this was not the time to bluff over Greece's debt talks.

"We cannot bluff anymore. When I say that we'll end up leaving the euro, if we have to accept more unsustainable austerity, this is no bluff," Varoufakis is quoted as saying.

EU conservative leader says talk about 'grexit' has intensified
| Reuters

Discussions about a Greek exit from the euro zone - or "grexit" - have intensified, Manfred Weber, leader of the center-right European People's Party (EPP), the biggest bloc in the European parliament, said in an interview published on Friday.

As euro zone finance ministers meet in Riga to assess progress on Greek reforms, Athens offered concessions on some key reforms demanded by international lenders in exchange for new funding for the country which quickly runs out of money.

When asked whether it would be a fair assessment to say that many currently view "grexit" as a realistic option, German lawmaker Weber told Austrian newspaper Standard:

"I would say that this observation is unfortunately correct... Today there are more serious discussions about a grexit."

Outsider linked:

Euro zone warns Greece

So is this the three hundred forty third warning or have I missed counting a few?

Rob Dawg wrote:

Census is about as good as we get for raw counts.

The Census dept are counting the people in the country in 2023?

josap wrote:

according to new U.S. Census figures.

Government projections are gospel. Snark

Let's emphasize activity over achievement.

Antipodes wrote:

If your currency soars for more than four years, see a doctor.

Dr. Draghi, call on line two.

umop apisdn wrote:

In what other way would it soar?

In glod we trust has not reached $700 an ounce yet.

Fair Economist wrote:

the soaring US dollar

The US dollar is only soaring in relation to other currencies. The dollar is not strong, every other country is weak.

josap wrote:

Thomas the Train cake, Batman balloons, Hot Wheels cars etc.

Is this a 60th birthday or a 6th birthday?

The really sad thing is that the Eurozone is desperately hoping for 1.0% growth.

But it's a robust 1.0% growth! Rose Colored Glasses

I really don't think anyone wants Joe Biden to become President.

Wisdom Seeker wrote:

neglects to mention Pennsylvania

Don't they frac in Pennsylvannia? Or maybe they used to.

Outsider wrote:

And what's the splotch about?

Blue added for Red/Green colorblind.

NateTG wrote:

What about Senators, do they count as durable goods?

It depends on when they are up for reelection.

skk wrote:

people can make their own minds up on the "crap".

If we wanted people to make up their own minds we wouldn't have written the report.

In the words of Mario Draghi, adoption of the Euro is irreversible.

It's nice seeing all those finance ministers gathered, saying "I'd commit political suicide if my country was behind on its debt, why won't you?"

Rickkk quoted

Grimbo

I prefer GrAccident
Pimco: Chances of a Grexit Stand at 30% | GreekReporter.com

The chances of Greece ending up outside the single European currency due to an accident (Graccident) stand at 30% and if it does then that might make Italian and Spanish debt a good buy, according to the world’s biggest bond fund, Pacific Investment Management Co. (Pimco). Although, the bond fund estimated that Greece will muddle through and keep using the euro as its currency.

I might need to think about a student loan.
New Degree In Craft Brewing Is Being Offered At CWU

Central Washington University in Ellensburg is offering a new four-year craft brewing degree that’s the first of its kind in the state.

The degree, craft brewing bachelor of science, will prepare graduates for careers in brewing production, quality assurance, brewery management, beer merchandising, distribution, brewing technology, packaging, safety, sanitation, sensory evaluation, and entrepreneurship.

robj wrote:

the right to all Americans to have multiple bazookas

If all Americans didn't have a right to multiple bazookas, then there would be no reason for police to have armored personnel carriers, and then where would we be.

skk wrote:

"A quiet desperation is the English way"...
there's a song like that I swear.

Time Lyrics - Pink Floyd

Hanging on in quiet desperation is the English way
The time is gone, the song is over,
Thought I'd something more to say.

Is Ted Cruz's wife still a partner at Goldman Sachs?

Mike_PNW wrote:

markets only go up

Oil traders certainly feel that way.

sporkfed wrote:

I Need a 2 handle to get the party started.

The fifteen year has a two handle, but it should be closer to 2.5%

Speed wrote:

What if the checks are written and the bank responds at the speed of bureaucracy?

The lien insures that the house can not be sold without the debt getting paid. If you slip the sheriff or court clerk enough money to look the other way, that's another matter.

Speed wrote:

Mom forecloses on my house without the bank's knowledge.

If the bank has a lien on the house, they will be notified at the foreclosure sales and receive their share of the funds from that sale.

It only goes to show that the global economy is ultimately fueled by stupidity.

There's no better way to say to the world that you're insecure about people recognizing your worth than a $100K hand bag.

Feckless Ness wrote:

No PURSE is worth that kind of money.

It's not a purse, it's a work of art, a store of value, an icon of inequality!

Jackdawracy wrote:

are the coppers emblematic of it as well?

White blood cells attack indiscriminately in an auto-immune disease.

Doc Holiday wrote:

Prices paid and received are deflationary.

Bill Gross says there's never been a better time to sort German government bonds!

josap linked:

The U.S. Economy Hasn't Disappointed Analysts This Much Since the Great Recession

Who knew analysts could be so stupid?

Calling Mars will always be long distance.

Should I tell my nephews to become fermentation engineers?

Jackdawracy wrote:

only have to give back $27, w/o admitting to guilt.

And he'd pay it to the policeman who caught him.

Rob Dawg wrote:

The first one or the one that's coming?

No, we fought it for two decades before Georgia ended up losing, mostly.

ACF River Basin - Wikipedia, the free encyclopedia

Rob Dawg wrote:

a rich history of water wars to guide them.

Have you forgotten about the Florida-Alabama-Georgia Water War?

dilbert dogbert wrote:

Nutty Newty has turned into a tax and spender!

He's been a lobbyist for years. See Freddie Mac.

Rob Dawg wrote:

high frequency tracking metric.

And risk getting arrested for revealing state secrets?

Hu Knows
China April flash HSBC PMI contracts to one-year low
| Reuters

China's factory activity contracted at its fastest pace in a year in April, a private survey showed, suggesting that economic conditions are still deteriorating despite increasingly aggressive policy easing by the central bank.

The flash HSBC/Markit Purchasing Managers' Index (PMI) fell to 49.2 in April, below the 50-point level that separates growth in activity from a contraction on a monthly basis.

After a brief rebound in February, the index has now been back in negative territory for two consecutive months.

Economists polled by Reuters had forecast a reading of 49.6, equal to March's final reading.

The sharp decline in employment witnessed in March moderated somewhat and export orders rose for the first time in three months, but most of the news was bad.

New orders declined further to a one-year low of 49.2 from March's 49.8, pointing to softer domestic demand.

Outsider wrote:

In his world, they all avert their gazes and keep wide berths.

< whispers> I don't think that has anything to do with his phone.</whispers>

poicv2.0 wrote:

keep a wide berth when they pass you.

In SF, that could be a good thing.

emergency hotdog wrote:

squeezing more and more production out of each square foot of earth is the trick, isn't it?

Square feet of earth is not a limiting resource. The energy and other resources used are more of a limiting factor.

Whiskey wrote:

the position remains open

Once the foreclosure sale occurs, the mortgage no longer exists. A MBS holder may still hold an economic interest in the REO resulting from the sale.