This is a syndicated repost published with the permission of Confounded Interest - Online Course Notes For Financial Markets. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
This week should be interesting.
Greek bank “holidays” (a euphemism for banks being closed), drained ATM machines, threats from creditors, etc. We will keep a close eye on Greek Credit Default Swaps, Greek Debt Yields and The Euro (or Gyro).
Who are the stakeholders in the Greek sovereign default? Germany is a big loser.
Yes, Germany is very concerned … for their banks and other investors.
Bear in mind that the USA is no piker on debt issuance. China and Japan are the biggest stakeholders in US debt.
And, of course, The US Federal Reserve is the largest stakeholder of all!
As Greek citizens ponder closed banks and empty ATM machines, they will remember the stakeholders in Greek debt.
Greece, dead and loving it????
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
