"Let us dedicate ourselves to what the Greeks wrote so many years ago: to tame the savageness of man, and make gentle the life of this world."
Robert F. Kennedy
Today's market action was a twofold operation to
1) give the people 'confidence' that a Greek default would be a non-event for the financial markets
2) allow the financiers who were terribly off-footed by their mistaken belief that the Greeks would accept the Troika's domination some time to square up their accounts in their mispricing of risk.
Have a pleasant evening
1) give the people 'confidence' that a Greek default would be a non-event for the financial markets
2) allow the financiers who were terribly off-footed by their mistaken belief that the Greeks would accept the Troika's domination some time to square up their accounts in their mispricing of risk.
Have a pleasant evening
