and you know things are going to get worse (over there) before they get better. Syria, Yemen, Iraq, Lebanon, Libya, all in "crisis" mode as Iran, Saudi, and Israel ponder their next move. And don't be surprised to see the Russians - Putin get involved since Russia wants to push oil prices higher and higher to save their crumbling economy.
and you think the above headline won't increase bank runs in Greece. HA
because a "correction" is coming. Who would of thought the catalyst for a worldwide market correction would be started by a little women in her late sixties who is no lover Lady Dove.
Greece certainly won't be a non-event if they tell the IMF their not paying back 750 million in IOU's. If this happens its wake up time for Europe, as the Euro craters and Greece gets ready to leave trying to take Portugal and Spain with them.
simply because if Europe bails out Greece again, Portugal, Spain, Italy, Ireland, Belgium, will all get in line for more "Free Euro's and Easy Terms". If you bend over to appease Greece government who continues to spend more then they take in year after year after year, then you bend over for Portugal, Spain, Italy etc., who are all hundreds of billions in massive debt. So throw another bone to Greece and watch everyone else scream for easy money, easy terms with no payback date.
Its not going to happen simple because Germany does not want to go bankrupt supporting 1/4 of Europe or in simpler terms "PIGS" that are way, way underwater with unstable governments. Market sell off next week as Greece stiffs IMF and sets sights on leaving Euro Land.
PIGS or PIIGS/PIIIGS or PIIGGS is an acronym used in economics and finance. Originating in the 1990s, the derogatory term usually refers to the economies of Portugal, (sometimes Iceland) Ireland, Italy, Greece and Spain, four economies in southern Europe.
NATO secretary general slams Russia's continuing support of separatists in Ukraine and
In a bid to reduce the chances of escalating military confrontation and miscalculation as conflict surges in eastern Ukraine, the western military alliance has revived cold war-style hotlines to the Kremlin and the Russian general staff in Moscow.
Down she goes tomorrow (and it could be a hard landing).
Asian stocks edged lower and the euro sagged on Tuesday as insufficient progress on talks between debt-strapped Greece and its creditors kept investors on edge.
“The Greek newspaper Kathimerini is reporting that Greece used up some IMF reserve funds to make the payment. However, these reserves must be replenished within a month and were it not for permission being granted by the IMF for the reserve to be used, Greece would have been unable to pay yesterday.
So IMF says - sure take more IMF money to pay off your debt and come back in 3 weeks and borrow another 3 billion to pay off your July IOU. What a "F" Joke.
Greece has to collect more debt to pay off massive debt. What a way to run a country, especially when the country has been broke for the last decade.
While businesses are spending more on information security, FireEye itself has spent heavily on research, development, sales and marketing. Analysts expect it will post losses for one more year. ''No one can deny they are a clear leader in cybersecurity and ultimately the company could be viewed as a top acquisition for a large company such as a Cisco or an IBM.'
Looks like an easy double to me - If Cisco, IBM, Apple, Msft, etc. make a play for this company. With cyber security attacks here for the near term and long term big companies need to protect their assets. NOW
Then came today's big news: The New York Times reported that Saudi Arabia and other Arab countries intend to match Iran's nuclear capacity if the US reaches a deal that allows some aspects of the country's nuclear program, including uranium enrichment and ballistic missiles research, to continue.
What a Great President we have. He could of taken the easy way out and taken out Iran's nuke sites with the help of Saudi Arabia and Israel. Fly some buster bombs in and level their nuke sites. Simple. Now due to his idiot negotiations with the terrorists Iranians over development of nuclear weapons - half of the Middle East is going arm up with Nukes to equalize Iran.
Thanks a lot Obama.
Bull getting tired running higher for no reason while the Bear wants to eat Greece for breakfast and the Fed for lunch. September rate hike getting closer day by day but can "shorts" hold out that long????
Agree - and what better way to stab Europe in the back then become a "satellite state of Russia" and say good bye to the Euro for good. Cyprus already lets Russian warships dock on their island and Greece soon to follow. Slime balls.