Daily Reading on the Financial Markets: 11/4/11
Greece should consider leaving the EU and repudiating all debt, according to Peter Tchir. I for one agree – follow Iceland’s lead and screw the bondholders, not your citizens.
Robert Reich makes a similar case, asking: do you want democracy or financial markets making your decisions?
Tony Pallotta of Macrostory looks at recent US Dollar weakness and sees comparisons to the bank failures circa 2008.
Cullen Roche at Pragcap looks at the Fed’s outlook and sees more clouds than sunshine, suggesting we’re likely to retest 2011 lows, and possibly 2009 lows thereafter.