Debt Rattle July 13 2015
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NPC Fordson tractor exposition at Camp Meigs, Washington DC 1922 • The World’s Awash In $5 Trillion In Excess Liquidity (Bloomberg) • Greece Capitulat
[See the full post at: Debt Rattle July 13 2015]So- the Greek parliament still has to “pass”, “ratify” or whatever they’re calling it- the “agreement”. Yes? That means the agreement has not yet happened. I’ll wait and see what finally comes out of the meat grinder. Meanwhile- worth noting that with all the can-kicking, Greek banks are still in business.
China and New Zealand housing- oh, kids, it ain’t just China. The johnny-come-lately capitalists there just copy us: https://www.nytimes.com/2015/02/08/nyregion/stream-of-foreign-wealth-flows-to-time-warner-condos.html There’s a whole investigative series there.
From the NYT: “The agreement does not guarantee that Greece will receive its third bailout in five years. But it does allow the start of detailed negotiations on a new assistance package for Greece.”
Chess, anyone? 🙂 The longer Tsipras can keep the can rolling down the street, the better for Greece… Which does not mean I believe Tsipras is – anything. I just observe- the can has been kicked.
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