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The Plunge in Bank Shares Drag Down Broader Market . Greek bank shares sold off sharply for the third day in a row on Wednesday with buyers yet to emerge on a scale large enough to counter continued dumping of the stocks
On July 21, USA Today reported Odds of Fed Rate Hike in September are Rising . St.
Read More: Bad Deal Math: I have a Product, But Please Don’t Buy It
Taken from: Rabbit-Hole Math: Chicago Proposes Bonds that Make No Periodic Payments; When Does Stupidity Stop?
Reader " AC " occasionally pings me with some interesting comments and perspectives. Here’s another one. Ciao Mish, I wanted just to share some elements to put in perspective things about Greek bailout
Read More: Sentiment Measures vs. Retail Spending: Clueless Clues and Random Noise
Continue Reading: Final Second Quarter "GDPNow" Forecast 2.4% vs. Bloomberg Consensus 2.9%
While the politicians are are scrambling to "save" Greece, please note Italy’s Non-Performing Loans Hit a New Record High . The real danger to the euro area probably doesn’t emanate from Greece, but from two of its heavyweights, namely France and Italy. A small note in the European press reminds us that all is not well in at least one of these countries, least of all with its banks (currently this is only a “page 16 storyâ€, but it has great potential to eventually move to the front page)
Read the original: SuperBull Club: RBC Ups Morgan Stanley, Says Bull Market to Continue 6 Years; Sobering Alternative View from…
The Bustle reports Republicans Respond To The Iran Deal With Every Bit As Much Vitriol As You’d Expect — And Then Some . “I have said from the beginning of this process that I would not support a deal with Iran that allows the mullahs to retain the ability to develop nuclear weapons, threaten Israel, and continue their regional expansionism and support for terrorism,†said Florida Sen.