So.... when I read this article today about how a Greek default will barely affect the US - I thought my head might spin off.
"Negotiations
between Greece and its creditors are coming
down to the wire.
European
stocks markets have reacted uneasy at
best to this news. Those in the US,
however, probably shouldn't worry.
"The
direct effects on the US are minimal," said Paul Mortimer-Lee, chief economist
at BNP Paribas, in a meeting attended by Business Insider on
Thursday.
Mortimer-Lee
noted that exports from the US to Greece were less than a billion dollars of the
total $2.25 trillion outflow, a miniscule amount. Additionally, exports only
make up one-seventh of US GDP."
The threat is not from a hit to exports! The threat of a Greek default is it will immediately make the dollar stronger because other Eurozone currencies will be worth less. They have less purchasing power. Our companies then make less money. We are an export country. Aren't we?
I had to go over and see what other articles this jackass Bob Bryan had written. I guess he's an "intern" at BI with a degree in Journalism and PoliSci. No foolies. Don't worry yall. Cause that guy knows this economics. I guess. If Greece were to default I hope everyone sends him an email about what a fucking tard he is.
I just can't believe I live in a world where .4% growth is heralded as a victory after the ECB printed a TRILLION EUROS. This is complete insanity. I'm sure a little Greek default won't do anything to their already anemic growth. And of course, we shouldn't worry about that spilling over to the US apparently.
But hey, my girl does love her Obamacare. So there's there.
The threat is not from a hit to exports! The threat of a Greek default is it will immediately make the dollar stronger because other Eurozone currencies will be worth less. They have less purchasing power. Our companies then make less money. We are an export country. Aren't we?
I had to go over and see what other articles this jackass Bob Bryan had written. I guess he's an "intern" at BI with a degree in Journalism and PoliSci. No foolies. Don't worry yall. Cause that guy knows this economics. I guess. If Greece were to default I hope everyone sends him an email about what a fucking tard he is.
I just can't believe I live in a world where .4% growth is heralded as a victory after the ECB printed a TRILLION EUROS. This is complete insanity. I'm sure a little Greek default won't do anything to their already anemic growth. And of course, we shouldn't worry about that spilling over to the US apparently.
But hey, my girl does love her Obamacare. So there's there.
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