Really, I feel very happy that the Greek debt has received a haircut it had been long waiting for.
There is an air of euphoria, and it has breathed a lot of positive energy and confidence into the
markets today. It is like the creditors finally gave up the ghost, and decided that the best way
forward was to salvage what was possible by doing the snip-snip. In that, the whole system has
Virtually everything is up today.
Gold. As I mentioned just two days ago, it will become a parallel to the major currencies.
Regretfully, Oil has also gone up.
I have said previously in my article on the Parameters of Recovery that Oil has to be under
$80 a bbl for a period of six months. $100 a barrel? That will be so after worldwide Recovery
in the physical economy is well under way, not just on the Stock Market.
It is great the Stock markets are up. Quality companies will get investments to build and market
their products, creating many jobs. The StockMarkets are an immediate booster of the
It feels like a lot of useless headaches have gone, freeing up energy for developing the
momentum that the economies still need, especially in U.K., Spain, United States, Greece,