Greece faces limbo in euro the twilight series zone

London statement an endgame in greece protracted crisis has flooded markets with euro exit scenarios this week, but investors reckon there still every chance that uncertainty only will drag on for months.

Seeking clear cut outcomes to the euro saga to date has proven fruitless for shareholders, who have instead been forced to tolerate the through of european politics.

And even more used to precedent, odds and precise numbers, asset managers are far from their comfort zone when interpretation the hyper politicized standoff over greece future membership of the single currency.

So rather than mapping binary outcomes, investment strategists are over again looking hard at the grey areas.But nothing so simple.Even though greek voters rejected austerity and is overtaken by anti bailout parties, opinion polls show more than 75% want in which to stay the euro.

When there is when the cash runs out is the crux question.Greece will in all probability need more outside funds from its bailout program before any new elections in june establishes a fresh mandate to secure further tranches of foreign money.

So what analysts are homing in on is whether greece can bridge any gap while still keeping the euro.

Many are looking at the chance that athens issues ious to meet salaries and key service bills for a fixed period, much in the way california did during its budget crunch in 2009 when it issued warrants with a coupon instead dollar salaries and which banks then accepted for cash.

Even so, strategists reckon any greek government ious would quickly act as a proxy for a new drachma and exchange values against the euro would mostly likely plummet used as people rushed to cash out offering greeks a glimpse of the shock of devaluation in a euro ized economy with euro denominated debts.

Really not sure greece could survive for days on end if external money was cut off, suggested darren williams, economist at fund broker alliancebernstein.What an experience of ious may do so quickly is bring home to the average greek citizen just how much more difficult a place it is outside the bailout program and outside the euro.Said that such an unstable twilight zone within the euro but with a parallel proxy drachma could possibly last for almost a year as the euro policy machine churned.

It is something which lasts six to 12 months or some thing lasts longer term depends on how many ious they have to put out, celebrity fad erik neilsen, world chief economist at unicredit.Which is to be a function of how deeply the economy collapses.Limits of any half way system hinge on domestic depositors anxiety and the chance of accelerated capital flight from greek banks.Song would be hard to calm fears of capital controls and, as per argentina break features dollar peg in 2002, forced lead sales of euros in greek banks into new drachmas.

But it is the story changes.Depositor concerns in greece could well infect other periphery euro economies and cause consternation upping the ante for euro policymakers to react, most likely through fresh action from the european central bank to reliquify banks or open ended government bond buying.

Rbs analysts warned on monday that any time another hung parliament government ious could trade as proxy currency as early as july.This may then galvanize a large pro euro vote aim into accepting troika demands.Repetitive, withdraw looms.They added that only returns investors to guessing about wider policy side effects.

Up the pandora box of exit means deposit risk round the periphery.The future of the euro would then be dictated by the following policy response.Binary outcomes by fixed deadlines still seems a dangerous way to invest on this and daily scenario sketching is widely considered a safer option through a likely fraught summer period.

Jesse shairp, global strategist at jpmorgan asset care, said the case was fluid but one possibility was certainly prolonged stalemate, one that may get better because of world markets than a dramatic end game but carrying all the gnawing uncertainty along too.

We dealing in the realms of political economy rather than pure economy and that makes things so much tougher for multi asset investors.Thomson reuters 2012

Here are the 30 best big stocks to buy at this moment

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It’s the secret material that transformed cities from primitive outposts into pillars of civilization. Trash has forced mankind in radical urban and architectural directions, propelled advances in science, and jump-started revolutions. From the skyscrapers of Manhattan to the catacombs of Paris, the ruins of Rome, the sewers of London and the frenetic markets of Cairo, join us as we explore helicopter game sale how these great cities fought against the tides of corpses, human waste and stinking garbage to rise above the rubbish.

Trashopolis airs on Smithsonian Channel, Tuesday at 10:00pm, Wednesday at 1:00am and Thursday at 7:00pm |  Digg |  FURL |  Yahoo! My Web 2.0 |  Reddit


The Dannon Company, Inc. has agreed to settle Federal Trade Commission charges of deceptive advertising and drop claims that allegedly exaggerated the health benefits of its Activia yogurt and DanActive dairy drink. These two popular Dannon products contain beneficial bacteria known as probiotics. Dannon will stop claiming that one daily serving of Activia relieves irregularity, and that DanActive helps people avoid catching colds or the flu.

According to the FTC’s complaint, Dannon claimed in nationwide advertising campaigns that DanActive helps prevent colds and flu, and that one daily serving of Activia relieves temporary irregularity and helps with “slow intestinal transit time.” In television, Internet, and print ads, as well as on product packaging, Dannon also stated that there was scientific proof to back up these claims.

As part of its ongoing efforts to make sure that marketers do not overstate the health benefits of their products, the FTC charged that Dannon’s ads were deceptive because it did not have substantiation for its claims. The Commission also charged that Dannon’s claims that Activia and DanActive were clinically proven were false.

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In my experience I’ve had the following, most of which was posted above me:

Batmans: Mediocre dope
Skulls: Had a foil in the bag, this is probably the coolest looking bag I ever got, too bad the dope kinda sucked.
Dolphins: Sucked
Stars: Really sucked
8-balls: Mediocre
Dollar sign: Haven’t had them since 2003/2004
Heavy D: guy had these for a long ass time, went anywhere from garbage to kicking ass
Spades: Also haven’t had them since the old days, but I remember it being legit; first dope I ever tried, made me nod like a motherfucker!
Dice: Bags were, so so if I remember correctly, also haven’t had this in years.
Blank: Would you like dope with your dormin? Garbage bag, worst of them all.

Posted by The Straight Dope, January 27, 2010 at Bluelight. |  Digg |  FURL |  Yahoo! My Web 2.0 |  Reddit


I have a free couch for anyone who can get it back out of my room.
It’s a comfy couch, cool stripe velvet in great shape, impossibly uncomfortable sleeper, but otherwise easily worth $50-75 bucks in Craigslist land.

So why am I listing in for free? Because I am pretty sure it is physically impossible to remove this thing from my second story bedroom down the narrow hallway, down the narrower staircase and out the front door of my little Victorian duplex. How did we get it up here in the first place? Magic… well, it did involve taking several doors off the hinges, 4 people, and about 3 1/2 hours of cursing the gods. However, I don’t feel like doing it all again, and I’m not about to have a stranger (no offense) taking apart my house for a deal on a sofa.

So, if you can bend space and miraculously make this thing fit, such powers shall be awarded with a free couch. Likewise, if you can alter time and go back to when we first bought the monstrosity and prevent us from attempting to bring it upstairs in the first place, you shall also have the honor of owning this couch bestowed on you.

Or if you lack these powers and still really want it, you can have it… in pieces, BYOS (bring your own saw)

From “Free couch, if you can bend time and/or space” published May 25, 2009 on Craigslist Denver. |  Digg |  FURL |  Yahoo! My Web 2.0 |  Reddit


Every year on Valentine’s Day, the media scrambles to publish any story that’s vaguely romantic or heart-related. Jezebel found 10 of this year’s weirdest holiday stories, from kidney donations to Weinermobile rides.

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According to the U.S. Department of Health and Human Services, half of Americans take at least one prescription medicine and one in six take three or more medications.

Read more of the Centers for Disease Control and Prevention report from December 2, 2004. |  Digg |  FURL |  Yahoo! My Web 2.0 |  Reddit

Bill Coors, grandson of founder Adolph Coors, led a group of engineers in the late 1950s on a project to design a recyclable aluminum container for beer. At the time, beer was packaged in tin, which imparted an unpleasant aftertaste and leaked. Despite enormous resistance from can manufacturers and competing brewers, the technology prevailed and became an industry standard for packaging beverages.

Here are some other environmental initiatives from Molson Coors Brewing Company:

  • Last year Molson Coors recycled a total of 4,357 tons of cardboard and paper, 3,310 tons of glass, 1,107 tons of aluminum and 264 tons of plastics.
  • Our Golden facility recycles or reuses an average of 95 percent of its solid waste
  • Each year, Coors sells about 3 million gallons of ethanol, a byproduct of the brewing process, to Colorado refineries
  • Carbon dioxide is collected and reused in our breweries

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I am writing against Mayor Bloomberg’s bike lanes and the many bikers who do not follow directions of the bike lanes, even though they know them; nasty bikers that fly through bike lanes and into traffic even though there is a bike lane. Many pedestrians have been hit by bikers without warning. I do walking and running, ice skating, rollerblading — in parks not streets.

I read your editorial that you support bike lanes — that’s a shame and a mistake on your part. I also find many bikers who are rude and feel they’re entitled. Do you know how many merchants are losing business due to the bike lanes? Just look at First Ave. below 14th St. Many families come into the city to shop and eat from the Bronx, Queens and Staten Island who use cars not bicycles.

You say cyclists should follow the rules of the road. Are you kidding me? Most bikers don’t follow rules and do what they want. Good luck trying to change bike messengers and bike delivery people to get them to go in the right direction.

Drivers are angry with the loss of parking spaces and the elimination of turns in Manhattan, making drivers go out of their way, causing traffic. Loss of lanes for drivers causes more traffic nightmares. Also, there are people in the East Village who feel bikers are being rewarded for bad behavior — because it’s true.

I just want to let you know that we’ll be holding a protest about the bike lanes on Fri., Oct. 15 at 5 p.m. at 14th St. and First Ave. The press should be there covering it to get the word out to millions of New Yorkers who don’t support you or Mayor Bloomberg.

Letter submitted to The Villager on October 7 – 13, 2010 by Leslie Sicklick.

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Nothing lifts spirits and puts smiles on little faces quite like a Balloon Time® Helium Balloon Kit. This easy-to-use, portable party kit is perfect for occasions like birthdays, play dates or no particular occasion at all. With Balloon Time, any time is fun.

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