Greece NOW - Greek Crisis

The New York Times: Reports that the next time Greece has a crunch point it cant strong arm its debt holders, as those debt holders will be the IMF and the EU. Thus folks a real Greek fault has been delayed again because Western politicians don’t want to face the truth that Greece is a basket case, even with the bailout its debt with be between 120% to 129% of GDP. The Greeks will come around again with their begging bowl, but will EU voters allow their politicians to spend their money on another Greek bailout, and Greece will need a bailout folks. This story has not even reached its middle point, expect more social pain in Greece folks, the Greek Government will have to make the Greek people suffer to keep the EU happy, stories like that never end with a happy note folks.

Israel STRIKE on Iran - Ticking Clock

Telegraph: Reports that the Israeli PM Benjamin Netanyahu has stated that Israel would not suffer any blowback from the US should Israel strike Iran. This is high stakes poker folks, in a way Israel up to November has the upper hand with President Obama, if they strike between NOW and November the President if he wants to get re -elected will have to come out in support, otherwise the Israeli Lobby will bury his Presidency. After November and should POTUS get re -elected the Israeli lobby wont have the power to damage Obama, he will not be seeking re-election, thus Israel just might strike before November folks.

US Unemployment Rate and Obama

BBC News: Reports that 227,000 jobs were created in February in the US, but the US unemployment rate stayed at 8.3%. This was a good news day for the Obama Re Elect Campaign, they can stress that the Obama Administration is brining the US out of its recession. That’s the good news, the bad news is that people who had given up looking for work due to the lack of jobs will not start to look, this could lead as the Congressional Budget Office has predicted to the rate going back up to 9% or even 9.1% by 2013. Thus it will be interesting to see what impression takes hold with the US Voter, that the POTUS and his policies have worked or that Obama has failed, interesting few months ahead folks.

Afghanistan Front News

MOD: Has announced the names of the six UK Soldiers that were killed yesterday in Afghanistan, they were “ Sergeant Nigel Coupe of the 1st Battalion The Duke of Lancaster's Regiment and Corporal Jake Hartley, Private Anthony Frampton, Private Christopher Kershaw, Private Daniel Wade, Private Daniel Wilford, of the 3rd Battalion The Yorkshire Regiment ”. Our thoughts are with the families of these brave men.

Greek Deal - Greek Crisis

Guardian: Reports the following on the talks between the Greek Government and its bond holders, “ edging towards a deal with its private-sector creditors as the hours ticked away towards Thursday's deadline ”. The tone is lot more supportive folks, this is no great surprise, as the left wing Guardian supports ALL things Euro. It will be interesting to see who is right on Thursday folks, what % of the bondholders will accept the hair cut and will it be enough to prevent Greece from defaulting. As they say in the movies, watch this space folks.
　

Greece Again - Greek Crisis

Telegraph: Reports that only about 40% of Greek bond holders have accepted a hair cut deal, as the article notes this “ tally was still far short of the 95pc needed to avoid being officially declared in default. ”. Even if Greece enforces a write off this will be seen as a default by those that insure the bond holders, in other words folks the watchman is waiting and he has a big knife to place Greece on the chopping block. The Markets fall this week is the market getting ready for a default, lets get it over with folks, its like water torture, but rather than sharp and fast, its slow and grinding and getting one ones nerves.

Government CRACKS in Syria - Syrian Crisis

BBC News: Has BREAKING NEWS, that the Deputy Syrian Oil Minister Abdo Hussameddin has resigned and joined the rebels. Are we starting to see Government insiders looking at the clock and figuring its time to get out, before the Regime falls, could be an important first defection, it will be interesting to find out if the Western Intelligence networks, CIA, MI6 or even the Mossad had some part to play in this resignation. Lets see if others in the Government or the Syria Army also defect, this will be interesting to watch folks.