Greece Told to Sell Island for Debt - America's Future?

[runningman]

Germany has approached Greece and said "We'll take your debt for your islands."

This raises the question about the US debt. It has become quite apparent that the US can't pay it's ever rising debt so what will they sell? Could this be the new trend selling your land to countries that you owe??

http://www.thelocal.de/politics/20100304-25667.html

A Russian professor has proposed what the US will look like after the collapse.

[floridaorange]

Re: Greece Told to Sell Island for Debt - America's Future?

the map above seems rather extreme

[runningman]

Re: Greece Told to Sell Island for Debt - America's Future?

I know I think Alaska should go to Canada..

[picklemonkey]

Re: Greece Told to Sell Island for Debt - America's Future?



Let's start with the Virgin Islands and Jersey

[runningman]

Re: Greece Told to Sell Island for Debt - America's Future?

Greece €300 Billion
US $12 Trillion

I think you are underestimating your debt position Pickle. Wait until the hedge funds and speculators attack the US dollar as they did Greece. You will see dramatic declines in the dollar

[chunky]

Re: Greece Told to Sell Island for Debt - America's Future?

I recon China will get all the US

[res0nat0r]

Re: Greece Told to Sell Island for Debt - America's Future?

RM you seem to be so pumped and ready and waiting for the US to take a huge dump because it will be a huge victory against the Evil Empire, but don't you think this will have a huge impact on the Canadian economy also?

Canadian Main export partners U.S. 78.9%, UK 2.8%, China 2.1% (2007)

The US is responsible for importing 80% of Canadian goods. What do you think will happen if this just stops happening? Canada also shares the worlds largest unsecured border with us. Don't you think if us po' US citizens are standing in breadlines and going broke and dying in the streets that we won't just cross that border and come work in Canada for 1/5th the wage our Canadian counterparts are doing so that we can survive, thus driving Canadian employees out of their jobs? This sounds plausible doesn't it?

[runningman]

Re: Greece Told to Sell Island for Debt - America's Future?

why do you get the impression that I am rooting for the US to fail? It is just so easy to see that almost every decision made over the last 20 years has been to wreck the USA. From Clinton on to Obama.

I start these threads to bring light on these subjects. That is why ehenever anyone goes " Runningman why do you care so much about what the US does?" Your post answers that doesn't it?

[toasty]

Re: Greece Told to Sell Island for Debt - America's Future?

why do you get the impression that I am rooting for the US to fail?

Perhaps it's because we can see you drooling with anticipation as you type these doomsday posts, and act giddy when something happens that you think validates one of your predictions?

[jasonemrysss]

Re: Greece Told to Sell Island for Debt - America's Future?

http://www2.gsb.columbia.edu/faculty/jstiglitz/download/2010_Barrons_Intvu.pdf

[runningman]

Re: Greece Told to Sell Island for Debt - America's Future?

Perhaps it's because we can see you drooling with anticipation as you type these doomsday posts, and act giddy when something happens that you think validates one of your predictions?

Well who doesn't like being right? I wish I could say the economy is going to grow 6% and we are all going to make a lot of money. That would be really sweet. But negative news is the only thing happeneing. I said I would change my tune once I felt the tides changed but I haven't seen that happen yet. Believe me I want to be more optimistic. I have a kid on the way and the only thing I think about is "how the hell am I going to make more money."

[floridaorange]

Re: Greece Told to Sell Island for Debt - America's Future?

Great talk with Greece Prime Minister George Papandreou and Charlie Rose tonight...It was interesting to learn that Papandreou was born in Minnesota, his dad taught school in America as well...

Communication is clearly one of his strong suits, you will notice from the interview:

INTERVIEW LINK

[floridaorange]

Re: Greece Told to Sell Island for Debt - America's Future?

But negative news is the only thing I perceive to be happening

/Fixed

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Mar 10, 2010 (AdviceTrade via COMTEX) -- by Jack Steiman,
www.SwingTradeOnline.com an AdviceTrade.com publication

But won't forever in my humblest of opinions. We could very well pull back from
here due to being overbought on th e daily charts but in the end, I don't think
the bears will be able to hold the S&P 500 from joining its brothers and sisters
on taking out major resistance. There is money rotating and not leaving this
market and that's always the number one sign of a market under accumulation. If
a market is in bad shape, or distribution, then sector by sector starts to fail
and lose support. In this case, we are seeing the opposite take place as sector
by sector is being defended at support with rotational money coming in. (See
Banking Index Chart (BKX) that shows a strong move in the Banks today, which are
breaking out of an 8-month base this week. Bank of America (BAC) up 1.85%, Wells
Fargo (WFC) up 2.04%, Citigroup (C) up 3.66% and Goldman Sachs Group (GS)
leading the way with a 1.83% increase today.)

As long as this continues, and there's nothing indicating it won't, then we will
be able to climb higher and get the S&P 500 over 1151 with force, which, of
course, is critical to a breakout being for real. A small move over that churns
is not what you want to see. You need to see a move over critical resistance and
then you need to see that move up run hard and fast on big volume to confirm
that it's for real.

We came in to today at overbought and ready to pull back. The futures were red
overnight but started to come back up, moving to basically neutral as the day
began. After churning some, we saw the bulls get braver and braver and thus the
S&P 500 started making yet another run at 1151, falling just a few points shy at
the highs. The Dow sold off a few times during the day and finished flat but the
S&P 500 was up nicely as was the Nasdaq when all was said and done. The Nasdaq
led all day and once again this shows a sign of real strength.

The Nasdaq is on a blue sky breakout thus the selling is coming at smaller rates
and being bought up rapidly. We saw this quite a few times today. The Dow has
been the biggest laggard of all and we saw this action hold true all day today,
even when it was in the green. Basically, the Nasdaq is carrying the rest of the
market on its shoulders and that was definitely the case all day today. Good
action for the day overall but still no confirming breakout over 1151 S&P 500.

Sentiment is one of my favorite indicators as you know by now. Today, we got the
update on that very subject and even with the recent gains in the market,
bullish sentiment rose by only 1.9% since last week. The bull bear spread is now
21.3% and it usually takes over 35% before a reversal takes place. There are
still just enough non believers to go around to keep this market heading higher
overall. The numbers are now at 44.9% bulls and 23.6% bears for that 21.3%
differential.

Leaders are continuing to hold strong bids and that's also a critical factor in
understanding a markets true strength . The best news is that the secondary
stocks and on down the line are also participating. New highs are rocking. New
lows are dead. The advance decline line is wonderful. All the things you need to
see that says things are healthy are taking place. Of course, things can always
turn overnight but it's of the utmost importance that one never fights the
message being sent in the moment. Yes, we have gone nowhere for a while overall
on the S&P 500 and we really do need that breakout but I don't think it's too
far away from becoming a reality.

Peace,

Jack

Jack Steiman is author of SwingTradeOnline.com (www.swingtradeonline.com).
Former columnist for TheStreet.com, Jack is renowned for calling major shifts in
the market, including the market bottom in mid-2002 and the market top in
October 2007. Sign up for a Free 21-Day Trial to SwingTradeOnline.com!
(https://www.swingtradeonline.com/reg/AT)

[floridaorange]

Re: Greece Told to Sell Island for Debt - America's Future?

In essence the economies recovery is going to be shaped like a bowl, in which it goes down, levels out and then slowly gets better... we are in the leveling out process now.

[runningman]

Re: Greece Told to Sell Island for Debt - America's Future?

we have already levelled out. a correction is coming. Sovereign debt is the name of the game.

March 11 2009 DJIA - 6,900
March 11 2010 DJIA - 10,567

Nothing goes straight up unless inflation.

Time will tell though