Posted on 06/15/2015 7:37:26 AM PDT by Enlightened1
U.S. stocks traded about 1 percent lower on Monday, following a decline in European equities on the collapse of weekend talks between Greece and its creditors.
"Right now the key driver in the U.S. and international markets seems the breakdown in the Greece negotiations," said Art Hogan, chief market strategist at Wunderlich Securities.
The Dow Jones industrial average fell back into the red for 2015. The index traded about 160 points lower after earlier falling nearly 200 points, with United Technologies leading all blue chips lower. Information technology led declines across all 10 S&P 500 sector
(Excerpt) Read more at finance.yahoo.com ...
What. Did the Stock Market close early or something? It’s only 10:40 a.m. ET as I read this.
Borrowing money to pay back other borrowed money?
Yeah.
That’s the answer.
I thought GLOBALISM was supposed to be a good thing.
There is not enough “quantitative easing” to stop what is essentially a worldwide run on every bank out there.
This is not hyperinflation confined to one or a few nations. All the confidence (or confidence games) in the world will not put this genie back in the bottle.
Well - if they did it right it would be ok. I borrowed to repay borrowed when I went to a lower % and shorter term on the house about 10 years back.
But I get the point of you comment. They aren’t that smart.
It’s more like printing bogus money that has to be paid back with real money, knowing full well the recipient will never be able to. Thus, forever interest payments.
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