BIDING OUR TIME
Are conditions finally settling down? Everything seems to hinge of Greece, or more likely, how the EU will deal with it and Europe’s other problem children. Markets were down early as indications noted some waffling and uncertainty about any outcome regarding Greece. Markets rallied back when news came of a plan to be presented Thursday. No doubt they’ll do something but what is unknown.
As you may recall the G-7 finance ministers met a couple of days ago and pronounced a commitment to keep stimulus going. Then Bernanke stated today the discount rate needs to be lifted at some point. He didn’t get the memo I guess...Click to enlargeREAD MORE!
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