{"id":19303,"date":"2012-06-11T10:27:09","date_gmt":"2012-06-11T14:27:09","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=19303"},"modified":"2012-06-11T10:27:09","modified_gmt":"2012-06-11T14:27:09","slug":"my-initial-reaction-of-the-spanish-bailout","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/06\/11\/my-initial-reaction-of-the-spanish-bailout\/","title":{"rendered":"My Initial Reaction of The Spanish &#8220;Bailout&#8221;"},"content":{"rendered":"<p>The bottom line to all of this is that uncertainty reigns. Here are my thoughts from last night&#8230; (for what it is worth):<\/p>\n<p>This is going to be fun. I think the whole Spain thing was a misdirection move ahead of the Greek election. If the Greek pro-bailout party wins, I bet this deal with Spain will be scrapped (or at least have heavy conditions). Rajoy has unfortunately lost most, if not all, credibility.<\/p>\n<p>Since nothing has really been detailed and Germany <!--more-->is still balking, seems like this is nothing more than a Hail-Mary ahead of the elections. All sovereigns that got bailouts will want to renegotiate their entire deal. EU leaders must have known that was a risk, but if the deal never goes through , it is just postured to be a big feel-good up to next weekend to get elevation for markets (cushion)..<\/p>\n<p>Or:<\/p>\n<p><strong>This is simply advanced warning that Greece exit is currently in process.<\/strong><\/p>\n<p>You can quote me on that&#8230;<br \/>\n:-)<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/twitter.com\/andrewhorowitz\" class=\"twitter-follow-button\" data-show-count=\"false\">Follow @andrewhorowitz<\/a> <script src=\"\/\/platform.twitter.com\/widgets.js\" type=\"text\/javascript\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bottom line to all of this is that uncertainty reigns. Here are my thoughts from last night&#8230; (for what it is worth): This is going to be fun. I think the whole Spain thing was a misdirection move ahead of the Greek election. If the Greek pro-bailout party wins, I bet this deal with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[483],"class_list":["post-19303","post","type-post","status-publish","format-standard","hentry","category-markets","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=19303"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19303\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=19303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=19303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=19303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}