Saturday, July 7, 2012

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I do not see how the "troika" can extend more credit to Greece.
They will do it if they can.  To fail in that is to fail the Euro's existence.

I learn that Spain has put up currency controls.  They do not seem to be biting. 
The  controls may have missed the run or the run may be slow this week.

The markets were not happy yesterday. 
That may be US employment though the depressed state started early.

Of banks and bonds we just don't know. 
There will be no joy there for some time.

I intend to sit tight financially for at least another month.
I want to buy but there has been no sell panic.































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