Now that the New Democracy is in town, what will happen to Greece’s economy, their relationship with the euro, and the rest of the global economy that hinges on their moves? Oh yeah, the whole multi-billion dollar debt issue probably could use some addressing, too.
The roller coaster ride continued as the Dow rebounded from a large loss for the second time this week, increasing 423 points. Yesterday’s 30-year treasury auction drew the lowest level of demand since 2009. The July Retail Sales numbers were released this morning, falling right in line with market expectations.