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Tuesday, 28 April 2015

WALL ST Now Panicky Over #Greek Default Risk

Greek default? Wall Street Says Don't Risk It!!!

NEW YORK — Top executives on Wall Street and senior policymakers in Washington are warning their European counterparts not to let Greece default and leave the Eurozone, fearing the market reaction at a time of sluggish growth in the U.S. and instability in the global economy.

Some say they are not as freaked out as they were in 2012 about the prospect of always-in-crisis Greece getting kicked out of the Eurozone, which could happen if a deal isn’t reached quickly. Some would even like to let the Greeks go and move on with life. But then people mention Lehman Brothers. And the Russian default. And even an assassination in Sarajevo in 1914. And theoretical discussion of how better prepared the world is for a Greek exit quickly turns into fevered rumination on how it still might spark global financial Armageddon. Read More.

Greeks Seem To Be A Bit Unnerved TOO!

Platinum Wealth Partners - Top Investors Edge

It is understandable that Wall St is on edge because the global financial system is so interconnected - a proverbial house of cards. But the problem child does not show any signs of change and could quickly tumble the Eurozone; thereby trigger a roaring ripple around the globe.
In the end, Wall Street is not the only one suffering from anxiety attacks.

International Offices
April 28, 2015

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