Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Finance - Investments
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Search Actuarial Jobs by State @ DWSimpson.com:
AL AK AR AZ CA CO CT DE FL GA HI ID IL IN IA KS KY LA
ME MD MA MI MN MS MO MT NE NH NJ NM NY NV NC ND
OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY

Finance - Investments Sub-forum: Non-Actuarial Personal Finance/Investing

Reply
 
Thread Tools Search this Thread Display Modes
  #91  
Old 09-09-2011, 02:33 PM
Wigmeister General's Avatar
Wigmeister General Wigmeister General is offline
Member
CAS
 
Join Date: May 2003
Location: Beverly Hills off Canon Drive
Favorite beer: Ringnes
Posts: 18,318
Default

Wiggy's rating of the US - BBB
__________________
Spoiler:
* * * * * *
"No one remembers 5K and I wrote a nice poem for the occassion. No one remember's 10k. No one will remember 20k either." - Sir Post-A-Lot

"One of the ordinary modes, by which tyrants accomplish their purposes without resistance, is, by disarming the people, and making it an offense to keep arms."
-- Constitutional scholar and Supreme Court Justice Joseph Story, 1840

"The problem with socialism is you eventually run out of other peoples' money." -- Margaret Thatcher

"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master." -- George Washington

"Caca pasa" - Anonymous
Reply With Quote
  #92  
Old 09-09-2011, 03:14 PM
limabeanactuary's Avatar
limabeanactuary limabeanactuary is offline
Mary Pat Campbell
 
Join Date: Jan 2010
Studying for Anglo-Saxon
Favorite beer: Bass Ale
Posts: 14,142
Default

Quote:
Originally Posted by Irish Blues View Post
No link needed [though I'm sure we could find one]: stick a fork in Greece - they're done. Default is assured, we're just haggling over the details of how it will go.
from July:
http://www.conservativecommune.com/2...fault-already/
__________________

Now offering online seminars, live seminars, and everything else under the sun and over the moon for actuarial exams.
Reply With Quote
  #93  
Old 09-09-2011, 04:49 PM
ElDucky's Avatar
ElDucky ElDucky is online now
Free Mason
 
Join Date: Jul 2004
Location: In a van, down by the river
Studying for Let me worry about blank
Favorite beer: Trappistes Rochefort 8
Posts: 42,062
Default

Quote:
Originally Posted by Irish Blues View Post
No link needed [though I'm sure we could find one]: stick a fork in Greece - they're done. Default is assured, we're just haggling over the details of how it will go.
I don't think the effects will be that significant since they've already defaulted technically and a full default was likely; the markets may actually welcome the certainty. Unless of course the French banks have to take the hit and actually record it; that could be a problem.
__________________
I live near the cows.
Reply With Quote
  #94  
Old 09-10-2011, 07:04 PM
Irish Blues
Guest
 
Posts: n/a
Default

Germany is making contingency plans to backstop any insurer or bank that suffers a haircut of 50% on Greek bonds and has balance sheet issues. I don't think you make plans like that unless you think they're going to be needed.

More importantly: if someone outside Germany is affected, and it affects other companies in a cascading fashion, .... the bottom line is that inevitably you can't save everyone. Investing has risk of losing money, you're not guaranteed to always make money - and yet that's exactly what governments around the world seem hell-bent on ensuring.
Reply With Quote
  #95  
Old 09-10-2011, 07:09 PM
ElDucky's Avatar
ElDucky ElDucky is online now
Free Mason
 
Join Date: Jul 2004
Location: In a van, down by the river
Studying for Let me worry about blank
Favorite beer: Trappistes Rochefort 8
Posts: 42,062
Default

97% interest rate on greek debt now. How is Greece not on a PAYG system yet?
__________________
I live near the cows.
Reply With Quote
  #96  
Old 09-10-2011, 07:44 PM
limabeanactuary's Avatar
limabeanactuary limabeanactuary is offline
Mary Pat Campbell
 
Join Date: Jan 2010
Studying for Anglo-Saxon
Favorite beer: Bass Ale
Posts: 14,142
Default

Quote:
Originally Posted by ElDucky View Post
97% interest rate on greek debt now. How is Greece not on a PAYG system yet?
When was their last debt issue?
__________________

Now offering online seminars, live seminars, and everything else under the sun and over the moon for actuarial exams.
Reply With Quote
  #97  
Old 09-12-2011, 02:04 PM
limabeanactuary's Avatar
limabeanactuary limabeanactuary is offline
Mary Pat Campbell
 
Join Date: Jan 2010
Studying for Anglo-Saxon
Favorite beer: Bass Ale
Posts: 14,142
Default

More on Greece
http://mobile.chicagotribune.com/p.p...%3D0%26DPL%3D3

Quote:
Under intense pressure from international lenders, Greece on Sunday announced a new set of austerity measures to meet deficit reduction targets and stamp out speculation that it would be forced out of the European single-currency zone.

The measures, which include a two-year property tax, are intended to make up for revenue shortfalls that come to about $3 billion this year alone.

Though designed to target mainly high earners, the new tariff could further anger the crisis-weary middle class and pose political risks for the socialist government, which repeatedly has pledged to protect Greek households from being hurt by further austerity measures.

"We know that these measures are unbearable," Finance Minister Evangelos Venizelos said after a heated six-hour Cabinet meeting in the northern city of Thessaloniki. "But once more, we all have to rally together in a national effort."

That could prove tricky.

Over the weekend, thousands poured onto the streets of Thessaloniki, the country's second-largest city, to protest austerity policies. In Athens, the Greek capital, youths firebombed a police bus in retaliation for the detention of more than 30 of the protesters in Thessaloniki.

Outside Greece, there are new worries that Athens is dragging its feet on measures it agreed to undertake in exchange for a $159-billion financial lifeline.

http://www.bloomberg.com/news/2011-0...ro-credit.html

Quote:
Germany may be getting ready to give up on Greece.

After almost two years of fighting to contain the region’s debt crisis and providing the biggest share of three European bailouts, Chancellor Angela Merkel is laying the ground for what markets say is almost a sure thing: a Greek default.

“It feels like Germany is preparing itself for a debt default,” Jacques Cailloux, chief European economist at Royal Bank of Scotland Group Plc in London, said in an interview. “Fatigue is setting in. Germany could be a first mover or other countries could be preparing too.”

__________________

Now offering online seminars, live seminars, and everything else under the sun and over the moon for actuarial exams.
Reply With Quote
  #98  
Old 09-12-2011, 06:25 PM
1695814's Avatar
1695814 1695814 is offline
Member
SOA AAA
 
Join Date: Aug 2002
Studying for nothing. I quit.
Favorite beer: Root
Posts: 35,094
Default

So, is Germany going to hook up Greece to a tow truck or what?
Reply With Quote
  #99  
Old 09-12-2011, 07:01 PM
ElDucky's Avatar
ElDucky ElDucky is online now
Free Mason
 
Join Date: Jul 2004
Location: In a van, down by the river
Studying for Let me worry about blank
Favorite beer: Trappistes Rochefort 8
Posts: 42,062
Default

China buying Italian bonds maybe.
__________________
I live near the cows.
Reply With Quote
  #100  
Old 09-20-2011, 01:33 PM
limabeanactuary's Avatar
limabeanactuary limabeanactuary is offline
Mary Pat Campbell
 
Join Date: Jan 2010
Studying for Anglo-Saxon
Favorite beer: Bass Ale
Posts: 14,142
Default

Italy:
http://www.conservativecommune.com/2...ly-downgraded/

I guess raiding the rating agency offices didn't pay off.

Or it did, but not in the way they wanted. S&P ain't messing around.
__________________

Now offering online seminars, live seminars, and everything else under the sun and over the moon for actuarial exams.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 12:46 AM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.42265 seconds with 9 queries