[bruinbirdman]

"Greek dockworkers went on strike on Wednesday, a precursor to broader stoppages by public sector workers in hospitals, schools, and ministries."

Communist unions would just a soon see the state disintegrate.

[tet68]

When that first domino falls it’s only a matter of time.

[Farmer Dean]

I would rather buy Detroit muni bonds than Greek bonds at this point.The EU is really in trouble,could fall apart in the near future.

[longtermmemmory]

unions always go on strike after easter and just before May Day. (may first the international day of communism)

Remember they have august off too.

they are just milking the time off.

[JasonC]

They have a deal in place to issue up to $40 billion at concessionary rates through the EU. They just haven't actually done it. They were apparently hoping that just having the deal would drop rates, without actually using it. No sir. So use it already. Unless it was just a bluff all along...

[Bean Counter]

“...unless action is taken soon to restore confidence.”

So they will soon be shooting the Communists?? That would certainly be one way to effectively solve a great number of problems...

[yefragetuwrabrumuy]

Oddly enough, I’ve noticed that the better US munis have been moving up strongly of late, driving yields down. And yet the long term tax free yields are still often over 5%.

Money that Obama will not get his mitts on. I think Carter tried to tax munis, and the collective shriek of every city and county in the country put an end to that idea quickly.

[RobRoy]

I have never considered this Greek thing over and saw us as in the eye of a storm. Frankly, it is how I see the whole world economy.

And the fallout (no pun intended) from this volcano is by no means over. Estimating damages now is almost like estimating damages just as the Haiti quake was in its beginning shakes.

And there are other Black Swans to come. I’m still waiting for a BIG muslim one.