Sorry!! The article you are trying to read is not available now.

Financial Prognosticators Completely Obsessed With Saying Greece is "Kicking the Can Down the Road"

Print comment Post Comments
Ladies and gentlemen, it looks like we have a winner in the Summer 2011 Financial Jargon Arms Race:

"Kicking the can."

Yes, "tipping point," "net-net" and "zero-sum game" look like they may have been usurped by the newer, scrappier, comer being used by anyone and everyone with a point-of-view on Greece.

"...[I]t appears the euro zone will follow a well-trodden path of kicking the can down the street until further crisis forces a different response," writes Patrick Allen on

"Any attempts to solve Greece’s sovereign crisis with a new bailout will be like “kicking the can down the road,” says Andrew Balls (yes, that is his real name), Pacific Investment Management Co.’s head of European portfolio management.

Even an editorial in Jamaican newspaper The Gleaner can't help itself from grabbing a piece of the can-kicking action, opining that "Greece's almighty partners have every interest in kicking the can further down the road."

If you're a Wall Street pundit/analyst/blogger/commentator of any stripe, you're likely working on a segment/client letter/article/opinion piece that includes a reference/headline/mention to/of above-named country kicking the proverbial aluminum cylinder along the metaphorical thoroughfare:

Rep. Paul Ryan hasn't been able to resist the siren song of the Greek kicked can:

Which once almost snared Megadeth in its jargony tentacles, before they pulled back on the stick at the last minute:

Yes, the great Greek can-kicking media fixation can almost make a guy nostalgic for the last few seemingly endless waves of intolerable buzzwords:

POSITION:  No positions in stocks mentioned.