Basically, a leaked set of “secret documents” written by the IMF show that there is no way for Greece to ever repay its debt, even under an ideal set of circumstances.
I kept waiting for this story to get more press…
IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian.
Well, yeah. If you don’t let anyone sell their shares, prices will go up with just a tiny amount of demand.
But, what will happen if the selling restrictions are ever lifted?
China stocks, led by small caps, extended their recovery for a third day on Monday, raising hopes that measures taken by Beijing to prevent a full-blown market crash have worked.
via China stocks recover for third day, regulator curbs margin lending | Reuters.
The name People’s Republic of China is starting to seem increasingly ironic.
A WEEK after news broke of China’s monumental stock market crash, stories of suicides and the role the country’s shady underground banking system may have played in the catastrophe have begun to emerge.
via Chinese stock market crash: Experts split on Beijing’s next move.
Seems a bit hawkish.
“So if you want to talk about a nation that could pose an existential threat to the United States, I’d have to point to Russia.”
via Russia is top threat to national security, US general says – BBC News.
Considering what else is going on in the world, this is highly relevant. Although he resigned in April, I’m sure policy underwent little change. That may no longer be the case.
Former Saudi Foreign Minister Prince Saud al-Faisal died on Thursday, two Saudi sources said, two months after he was replaced following 40 years in the job.
via Former Saudi foreign minister dies: Saudi sources | Top News | Reuters.
QuantumTom