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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

Endless Supply of Rabbits? Greece to Make April 9 IMF Repayment; Bond Market Unimpressed; Tsipras Heads to Russia - Mish - Global Economic Analysis

I probably should have let it go with the first post, but ...,

Consider Angela Merkel.
If she caves in to Greece, her political career and her party will suffer.
If she holds fast, Greece will default.
The German citizenry get a hefty tax increase.
If Greece should magically make the payments by alluding to cuts in the ozone layer,
everyone saves face.
Taxation laws throughout the EU can be tweaked to cover debts incurred by deception over Greece's ability to make sort of timely payments.
Nothing can be obvious.
Maybe buried in the footnotes on page 179.
And even then just an allusion to something else, but not named. Don't offer anyone a search string.

Oh and the Merkel angle?
You addressed that in your own articles.
And not that you need my agreement on anything, but your logical reasoning on the Merkel aspect is sound.

Everyone needs to understand the paraphrased "Laws of Thermodynamics".
Everything is connected to everything. ... Can we grasp the concept of counter-party risk?
Everything has to go somewhere. ... Where do we dump this load of crap?
There ain't no such thing as a free lunch. ... No 100% efficiency. Just entropy aka the "Law of Diminishing Returns". The effects are inversely exponential. Pump in more and more to only get less and less.

At one time the correct term was "political economy" and nobody was foolish enough to call it a science.
But that was in the old days before the language was corrupted.

Commented 3511 days ago

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Beginning of the headline :Greece to Make April 9 IMF Repayment April 9th was one of the critical dates by which Greece was said to be out of cash. By now most expect these kinds of deadlines to come and go in belief the eurozone hat has an endless supply of rabbits. Sure enough, Reuters reports Greece Says Ready to Make IMF Payment on April 9 Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory stat... Read More

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