My exasperation with Greece’s new government utterly selling out, rolling over, wimping out, caving in, and {insert your own metaphor here} is well expressed in some of the grumbling going over at sister site ZH:

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My exasperation with Greece’s new government utterly selling out, rolling over, wimping out, caving in, and {insert your own metaphor here} is well expressed in some of the grumbling going over at sister site ZH:

Mark Hulbert has a piece this morning at MarketWatch in which he de-correlates the first Fed interest rate hike from any supposedly corresponding stock market movements. I agree with some but not all of what he writes. Let’s take it a chunk at a time.
Investors, it doesn’t matter when the Fed raises rates
Are you obsessed with whether the Federal Reserve will begin to raise official interest rates in July, September or sometime next year?

Open Letter to the New Finance Minister of Greece Yanis Varoufakis
(This letter ran on the following notable blogs: Zerohedge, David Stockman’s ContraCorner, Dmitry Orlov’s Blog, and The StealthFlation Blog)
On the old continent, this December 29th, a succinct political showdown is scheduled to take place which may well become a defining moment for our entirely unsettled new millenium. What is at stake is none other than the prosperity of the common man pitted against the privilege of concentrated power. Lamentably, this deliberate dogmatic divide has relentlessly defined human civilization for the ages. (more…)