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Another Fun Monday

by John Rubino on July 5, 2015 · 10 comments

Last week began with crosscurrents that made it hard to predict. See On Monday, It’s China Versus Greece. This week is starting with no such ambiguity. The Greeks had their vote and tossed a resounding “NO” at their European creditors. And the markets are not happy: S&P 500 futures fall hard on Greek vote U.S. […]

 

What If You Had An Italian Bank Account? Or A Portuguese Bond?

Though it might yet drag on for weeks, months or even years, Greece’s drama can end in one of only two ways: Continued austerity which consigns its most vulnerable 50% to an endless “capital D” Depression, or some form of temporary dictatorship complete with capital controls and wealth confiscation — and a then “capital D” […]

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On Monday, It’s China Versus Greece

Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided to put the draconian demands of its European creditors to a popular vote, to which the creditors responded by cutting Greece off from […]

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