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For U.S., Puerto Rico Bigger Tragedy than Greece – Ep 90

June 29th, 2015|0 Comments

Global stock markets got beaten up overnight and the carnage continued here in the U.S.
Dow Jones down 350 points by closing bell – biggest point loss of the year
NASDAQ down 122 points
Possible Grexit sparked sell off in FOREX markets
Banks in Greece closing, sending masses to the ATM machines
Euro ended up closing near the highs of the day – nearly to $113
The dollar was weak all day against the Yen and against the Swiss Franc
There was no safe haven move into the dollar – gold up
The dollar lost considerable ground against the euro
Another confirmation that the dollar’s rally is over
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Javier Antonio Quinones-OrtizAnd unions, and statism, and welfare state policies, and American tax-supported welfare, and political populism...4 hours ago   ·  3
Eloy HernandezI have the solution to everything? Just put all political parties everyone!!! On Minimum wage and see how fast this country will start changing for the better.4 hours ago
Cesar RosalesWhat happens to Euro Pacific P.R.?4 hours ago   ·  1
Albert Fernández-ColónWhen I saw the Krueger report. Peter was on the back of my mind.4 hours ago
Brett MartinoI like to take responsibility for my successes and my failures. I've moved from Florida to Alaska to Texas to put myself through college and earn a good paying job. There are many good paying jobs available here for entry level positions, but people need to be mobile and willing to work. If we subsidize these jobs what motivation will people have to advance themselves or work hard?2 hours ago
Iwan Agustinus OngIndonesia also. The salary is very low. Workers are suffer in dis life3 hours ago
Ibolya NagyIt will not do much good in Alberta either4 hours ago

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Pismo DonziUS can print money, Greece can not, only difference but a big one.2 hours ago   ·  5
Rob NowlinPeter, I would disagree. The U.S. is currently experiencing an inflow of capital that is keeping the dollar strong. No hyper-inflation yet.6 hours ago   ·  5
Robert MiddlebrookGreece is like a state. Comparing the two is apples and oranges because the US is the reserve currency. Plus the US bails out like Detroit without threatening Detroit so much they screw the dollar. Europe is not one country. The Germans did not take over Europe with jackboots in the 40's and it looks like they will fail with bankers too.5 hours ago   ·  1
Bill SullivanShe wasn't too condesending5 hours ago
Glenn Scott NorwoodExcept for our military mite... And that is what backs our dollar.5 hours ago   ·  1

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