Business:Investing
There is no way out for Greece. They are damned if they do and damned if they don’t. The Germans will have to play a very careful hand to minimize the considerable damage that is sure to accrue to them. A word on the EU/ECB/IMF negotiating strategy. Not being rocket scientists (to put it mildly), it is doubtful whether anything useful can come of their deliberations… but we can only hope. The U.S. is hurtling towards WWIII with such gusto and enthusiasm that one has to wonder if they are not actively encouraging it. McCain, of course, is the chief culprit but he is fully supported everywhere else in government. Stock market comment: the absurd valuations of stocks. More on the powerful deflationary forces we are experiencing. Rand Paul’s call for a new, all-embracing Fed Audit. The deleterious effect of a rising dollar on U.S. corporate pr [...]
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