grexit Archive
Greece reading IOU’s to pay public sector workers
Currencies, Greece, Inflation
Jun 30, 2015
Yes, this is viable operationally, as it going back to drachma. However, there’s a lot that can go wrong, as demonstrated by prior episodes of inflation, high interest rates, high unemployment, and currency depreciation. Not to mention the temptation of the channels of mass corruption also too often employed in the past
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existing home sales, Greece and China comments
So after cheering the big jump last month to 112.4, it gets revised down to only 111.6, so the lower than expected print of 112.6 vs 113 expected is now hailed as a larger than expected increase from last month, as the shameless cheer leading continues: United States : Pending Home Sales
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