Post
Topic
Board Economics
Re: NY Stock Exchange brought to a HALT
by
NeuroticFish
on 08/07/2015, 17:00:21 UTC
Technical difficulties my a**. It's clearly the fear.
China is falling, Europe is falling,.. not a great day for trading..... unless you trade Bitcoin, of course  Grin


Greece has said it intends to start pension and tax reforms by next week at the latest if it gets more money from the EU. If Greece's new proposal gets accepted then Europe might not fall after all. The pension reforms was one of Greece's red lines and crossing might convince the EU to give them the money.

All that Tsirpas did was blah-blah-blah. We'll see in 2 days what they will propose now to EU written down on paper. But I don't have much of expectations.
Then EU will again ask for a better paper and we are again at square 0.
There will be a few more iterations until they make a deal.

And meanwhile EUR and the stocks are falling.