Anybody buying GREEK Debt?

[hakrjak]

I saw on CNBC today that the 2 yr Greek Note is now offering more than 20% return.... Anybody investing in these junk bonds? Seems like the EU is not going to allow them to go under.... Safe play, or not?

Cheers,

- Hakrjak

 

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[andviv]

not that I was planning to buy anyway, but....

how do you buy those?

 

[kurtyordy]

I saw on CNBC today that the 2 yr Greek Note is now offering more than 20% return.... Anybody investing in these junk bonds? Seems like the EU is not going to allow them to go under.... Safe play, or not?

Cheers,

- Hakrjak

Well I was thinking about it, but now that you might be buying, that is a clear sign to stay away.

 

[GlobalWealth]

I saw on CNBC today that the 2 yr Greek Note is now offering more than 20% return.... Anybody investing in these junk bonds? Seems like the EU is not going to allow them to go under.... Safe play, or not?

Cheers,

- Hakrjak

You can also buy 3br houses in Detroit for $3k. Doesnt make it a good investment though.

 

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[hakrjak]

Well I was thinking about it, but now that you might be buying, that is a clear sign to stay away.

Haha -- I wish I had some money to throw at that... Sadly, I'm still in financial recovery. You are free to pursue it with my blessing

- Hakrjak

 

[ramy98]

Not worth it in my opinion; sure they may get bailed out but the big picture does not look pretty in the long run. Greece has been spending above their means for a long time now and its going to catch up with them.

 

[hakrjak]

Here's an article that talks about other ways to profit from the debt crisis:

Tackling the Debt Crisis: Four Ways To Make Money - Yahoo! Finance=

Cheers,

- Hakrjak

 

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[Guest3722A]

Europe leaders agree on emergency rescue plan for Greece. Came out 8:34pm this eve. Also ES opened with a gap and is currently rallying as I type this

Europe leaders agree on emergency loan plan - MarketWatch

 

[DannyDazz]

why dont our gangster politicians tax em 20-25% like they do us...and then when they cant pay up we go over there and take what we want...cuz I sure do like money & gyros!!!