Thread: Market News

Futures are red, in part due to another almost 8% drop in China.
China

US weekly jobless claims total 297,000 vs. 275,000 estimate

The International Monetary Fund said Thursday it has trimmed down its expected global growth for 2015 to 3.3 percent, citing weaker-than-expected economic activity in North America during the first quarter. In April, the organization said its global growth projection for this year was at 3.5 percent.

Greece talks rumble on: Athens still has more to do

Greece still has more to prove before it can restore the trust of its fellow euro zone countries and get funds it desperately needs to stave off calamity, with euro zone officials telling CNBC on Sunday the country will need far more money than originally believed.

Again, not surprised. Burro stated as much over the last few days. My gut thinks that a deal will occur, hopefully tomorrow. They've been working at this for so long there shouldn't be any surprises. If they want a deal, it's time to make a deal even if they are still PO'd at the leadership. As long as China stays buoyant through the Greek talks I think the markets will be moderate...but we'll find for sure tomorrow..

FS

Originally Posted by FogSailing

Again, not surprised. Burro stated as much over the last few days. My gut thinks that a deal will occur, hopefully tomorrow. They've been working at this for so long there shouldn't be any surprises. If they want a deal, it's time to make a deal even if they are still PO'd at the leadership. As long as China stays buoyant through the Greek talks I think the markets will be moderate...but we'll find for sure tomorrow..

FS

I think SOME kind of deal will be reached even if it's just a 'kick the can down the road' stop-gap
measure. Also, Tsipras government is engaging in too much brinksmanship IMHO and he may yet find a way to make things worse for Greece/EU and then the Greek people will be suffering for years for his recklessness in these critical negotiations....IMHO. Zorba the Greedy? Yeah, doesn't quite work does it.

Originally Posted by exnavyew

I think SOME kind of deal will be reached...

The hard/important part is guessing when it will be reached.

Originally Posted by userque

The hard/important part is guessing when it will be reached.

that is the easy part, i can tell you exactly when, after they kneel and yield to their money masters. the real question now is does the offer still stand.

Originally Posted by burrocrat

that is the easy part, i can tell you exactly when, after they kneel and yield to their money masters. the real question now is does the offer still stand.

LOL...I mean when as in date--day?, week?, or month?.

I'm sure there will always be an offer (just as you can always get a car loan--regardless of credit); the question now is: what will the terms/cost/amount-of-required-flesh-in-pounds be?

Originally Posted by userque

what will the terms/cost/amount-of-required-flesh-in-pounds be?

the answer to the question is two. it is always two. it is too much.

Originally Posted by burrocrat

the answer to the question is two. it is always two. it is too much.

You're seem to be correct.

Originally Posted by exnavyew

Doesn't sound promising.

Europe has made Greece a terrible offer, and the Greek government thinks it's 'very bad'

Europe has made Greece a terrible offer, and the Greek government thinks it's 'very bad' - Yahoo Finance