Sign in     Like us on Facebook Follow us on Twitter Watch us on YouTube

News and Blog

Join 5000 other sharemarket traders for regular blog updates!

Browse to a category

Blog Search

I Love A Good Disaster Film

More predictions of doom and gloom in Greece. The interesting thing about Greece is that that this is not the first time Greece has caused problems.

On a more pragmatic note this to me is a simple trading question – a loss exists and various governments and banks are prevaricating about taking this loss. Many have been overtaken by the common belief that if you dont crystallise the loss then it is not a loss. Nobody said people inside governments were very bright.

This is somewhat akin to the attitude that permeated Japan following the collapse of their financial system in the early 1990’s. As a result the Japanese market has been in decline for two decades. If Europe is not careful and if it does not effectively repossess Greece and force its inhabitants to confront the reality that you cannot have a lifestyle based around not paying taxes, tolerating corruption at all levels and then expecting the Government to pay you a pension equal to the job you never went to anyway. It is quote possible that Europe will lose two decades like Japan.

My vote for Greece is to let the Germans run it – then things might work…………


Speak Your Mind


General Advice Warning

The Trading Game Pty Ltd (ACN: 099 576 253) is an AFSL holder (Licence no: 468163). This information is correct at the time of publishing and may not be reproduced without formal permission. It is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs.