I was too. Then I just saw that riots have broken out in Greece, one particular video is of a policeman on fire as protesters hurl everything they can find including Molotov Cocktails.
We've seen protests in Greece, Paris, London, Ireland and all areas of Europe before, but this i violent and in the context of broader world events, threatens to spread throughout Europe. Most older investors remember where World War 1 and 2 broke out. This is very significant and should this spread (we also saw violent protests not two weeks ago in parts of Eastern Europe, Albania I believe) through the Eurozone, contagion will take on a whole new meaning.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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