Bring in the Yanks before the dump :idea:
Greece is saying they will not accept anything which is not a long term solution.
EU only interested in giving loans to Greece to service debt, not resolve issues.
Key issues not agreed or accepted by either party. So we are still at square 1 if that. How can kicking can to November be any solution??? Head in sand syndrome - la la la
I can see Greece insisting and rejecting the 15bn because it is no solution. Unless it is associated with a loan write off, another haircut or something.
Rallies indicate market is petrified of risk. There is no risk just simply mismanagement to let the children grow up and manage their own affairs on their own feet.
Markets are in bubble territory and China just coming off hers. Yanks still believe they are ok. Yeah right - pull the other one it has bells on it. :cheesy:
We have negative interest rates, Fed needs to raise rates
We have bubbles and low volumes in equities, which need a 10-20% pull back
We have Grexit
I make that three issues for market to deal with.
Sooner or later a little like managed currencies that are allowed to float to find their level, central banks will have to let loose the reigns and allow markets to find their level instead of trying to fix what they can not.
Instead of a controlled landing we are likely to get a mega crash...
