Stability, Thy Name Is…

Well, not “Greece”.

Greece Deal Will Only Last Until Next Election: Gartman

Greece’s purported deal with its creditors will last only until a new government takes over following the spring elections, hedge fund manager Dennis Gartman said Tuesday.

…“All the authorities have been able to do is delay default by a few weeks, perhaps a few months at best,“ Gartman wrote in his investor newsletter. “Greece will default, but perhaps not under the present government in power.”

5 Responses to “Stability, Thy Name Is…”

1. mojo says:

   February 21, 2012 at 10:57 am

   Maybe they can sell the place to Turkey…

2. nightfly says:

   February 21, 2012 at 11:13 am

   The new government will run against the old by blaming THEM for the austerity, as if it was their fault for recognizing reality. They will win easily and break these deals, and the whole country will wind up in that bottomless pit from “300.”

3. aelfheld says:

   February 21, 2012 at 11:20 am

   There’s really not a rug big enough to sweep all of this under.

4. Mr. Bingley says:

   February 21, 2012 at 5:58 pm

   I thought that was a comment from Cartman…

5. Ave says:

   February 22, 2012 at 3:15 am

   Typical account-executive-speak with multiples of “perhaps” thrown in. I’d hang on his every word except I have to iron my dishtowels now.