with one of the foremost authorities of 'game theory' at the
bargaining table on the Greek side, does one really think that the
EU officials at the table really have any idea of what they are up
against? it will be a fascinating study in reality to see
what comes of these meetings. we all know the bottom line is that
Greece could leave the euro (the infamous: 'grexit'), re-instate
the Drachma and imho be much better off (there will of course be a
very quick sharp re-valuation of Greek assets - aka cheap
vacations). Greece just has to leave behind all the government euro
debt (or threaten to) when they leave to really rattle the powers
that be. the ECB's move to add yet more liquidity to the government
debt markets via QE, will force euro yields ever lower and fuel a
bigger move in risk assets. the questions that remain for us
traders: does this include oil and gold? I expect even more market
volatility in the weeks ahead. good trading, and fwiw: don't get
'married' to any positions just yet. stare at the charts and let
BPT guide the way!
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Greece News
Posted by steve on 16th of Feb 2015 at 01:35 pm
http://news.forexlive.com/!/eu-meeting-ends-after-greece-says-it-wont-take-orders-on-bailout-20150216?utm_campaign=pro_feed&utm_medium=partner_feed&utm_source=benzinga
game theory in action
Posted by hazbin1 on 16th of Feb 2015 at 01:46 pm
with one of the foremost authorities of 'game theory' at the bargaining table on the Greek side, does one really think that the EU officials at the table really have any idea of what they are up against? it will be a fascinating study in reality to see what comes of these meetings. we all know the bottom line is that Greece could leave the euro (the infamous: 'grexit'), re-instate the Drachma and imho be much better off (there will of course be a very quick sharp re-valuation of Greek assets - aka cheap vacations). Greece just has to leave behind all the government euro debt (or threaten to) when they leave to really rattle the powers that be. the ECB's move to add yet more liquidity to the government debt markets via QE, will force euro yields ever lower and fuel a bigger move in risk assets. the questions that remain for us traders: does this include oil and gold? I expect even more market volatility in the weeks ahead. good trading, and fwiw: don't get 'married' to any positions just yet. stare at the charts and let BPT guide the way!