The doublespeak of Federal Reserve VP Andolfatto • r/Bitcoin

Global Economy Forecast

Greece will default on their EU creditors because they know that they have a Russian safety net. After Russia helps Greece become a sovereign state, Russia will request that Greece votes to repeal the economic sanctions against them. Greece has every reason to default, knowing Russia has their back and Russia has every reason to have Greece's back. Win-Win for both countries. Complete loss for the EU.
The Greece debt is listed as an asset because the creditors expect to be paid back. That 323 billion euro debt must be absorbed by the creditors and now that asset becomes a liability. How will this effect the European Market?
DAX German Stocks
FTS Eurofirst 300 Index
DAX is higher than it was before the 2008 crash.
I couldn't find any sources of the FTSE Eurofist 300 Index that went back beyond 5 years. However, even within that limted timeframe, the FTSE index is in uncharted territory.
Point being : European stocks are in a bubble. When Greece defaults, that backlash will hit the European economy. The question is, where do Investors go to find a safehaven for their money during a financial crisis?
submitted by Xeagu to Bitcoin [link] [comments]

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