Ye 6 months to work all this out is just rediculous......I seriously cant believe its gone on this long!!!
Kicking the can further down the road ... SMH: http://www.smh.com.au/business/worl...eferendum-on-aid-package-20150626-ghz5gi.html
Big gap down on german dax, china sell off continues even off the back of PBOC cutting rates to a record low, nice sell off on the asx today. Europe is awake and trading
MORE than $35 billion has been wiped off the Australian share market as investors brace for an increasingly likely Greek exit from the euro zone. Both the S&P/ASX 200 and All Ordinaries were down about two per cent within the first hour of trade, with IG market strategist Evan Lucas saying the market was on track for its worst day in several years. "Unfortunately this could probably be our worst day in two or three years, you'd probably be going back to 2011 or 2012," he said. "It's a very tough time and unfortunately nothing will be spared, except perhaps gold." The slide was spread across the market, with banks, miners, retailers, healthcare providers and telcos all down sharply. Gold stocks nudged ahead as investors sought out safe-haven investments. Meanwhile, the Australian dollar has fallen around three quarters of a US cent since Friday and is currently trading at around 76.3 US cents. News.com I note that the greek stock exchange has lost 33% in a year.
It will likely go higher but the so will many of the independent currencies it's based on like the yen and the swiss franc. I wish my CFD broker would let me trade metals in AUD, at the minute I'm betting silver will gain at least another 10-15 cents but it's US dollar denominated so the euro/yen/aud silver price might go up but I might still lose money. I can have an aud/usd pair on the go but that's not really ideal...TOO THE MOON, TO THE MOON!
Biggest warning yet: BIS If you follow the whole 'elite tells us before they act' meme then the words: are very scary.
Painful choices generally make it harder to get re-elected and to a politician power means more than the economic future of the generations to follow
Shanghai composite still selling off after a 20% pull back. Greece and China feels like a recipe for DOOM
It official - Greek finance minister has said Greece will not make the 1.6bn IMF payment on Tuesday. But he still hopes for a deal with creditors..
They'll give false hope of a possible deal right up until the last minute simply to keep the markets from plummeting