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| Economy |
| Stock futures slump at open as Greek crisis worsens |
| 2015-06-29 |
| [Rooters] June 28 - U.S. equity futures dropped sharply and bond futures rallied at the beginning of trading Sunday, as the chances that Greece will default on its debt and exit the euro zone grew. Greece will introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country's bailout and savers queued to withdraw cash. "That is going to have a real big impact on markets and that will generate increased volatility," said Ian Stannard, European head of FX strategy at Morgan Stanley in London. The euro fell nearly 2 U.S. cents to a one-month low in early Asia Pacific trade and European markets were expected to be volatile when those markets open later. The fear of contagion produced a sharp move into safe-haven government debt. U.S. 10-year Treasury futures rose 1 27/32 in active trading early. The fear of 'contagion' is very real. Many of the Euro-Shengen member states are quite vulnerable. 'Safe-haven government debt' is a certainly a stupefying misnomer. |
| Posted by:Besoeker |
| #6 ...or sell them the Western equipment for a spiffy new OPFOR for the |
| Posted by: Procopius2k 2015-06-29 15:30 |
| #5 Maybe Greece will rent out its military to the Russians for cold hard cash. |
| Posted by: Anguper Hupomosing9418 2015-06-29 14:05 |
| #4 I'm thinking military occupation. Sit on 'em. Collect their taxes for 'em. Redistribute their wealth just like Obama does mine. Kinda like foreclosing on a mortgage or repossessing a car. If it has to be done at the point of a gun then so be it. |
| Posted by: Ebbang Uluque6305 2015-06-29 11:49 |
| #3 It does seem that investors are fleeing to currencies that will go bankrupt a bit after others do lol. It's a bit like getting to the back of a plane that's nose diving into the ground. |
| Posted by: Bright Pebbles 2015-06-29 11:06 |
| #2 Always want to be the first defaulter since there is a much better chance of a bailout. US Markets crash in 11 minutes. enjoy the ride. |
| Posted by: airandee 2015-06-29 09:26 |
| #1 Meanwhile at home Puerto Rico governor warns public debt not payable |
| Posted by: Procopius2k 2015-06-29 07:46 |