Kids in the media (whose living depends on US economic releases) point out this pm that there is a lot on the burner this week. That is true but very little of it is important. The good ‘ol Jobless Claims release on Thursday and a Manufacturing survey on Friday pack some horsepower; the rest will come from offshore.
Germany has a couple of key releases, as does Japan; then there’s Greece. We have little direct exposure but some indirect exposure by the way of swaps. An outright default would impact us somewhat. But here is the key folks - this situation is fully on the radar screen. Q4 ‘08 was not. Thus this will not be a repeat by the way of breadth of destruction.
Robert Craven
Germany has a couple of key releases, as does Japan; then there’s Greece. We have little direct exposure but some indirect exposure by the way of swaps. An outright default would impact us somewhat. But here is the key folks - this situation is fully on the radar screen. Q4 ‘08 was not. Thus this will not be a repeat by the way of breadth of destruction.
Robert Craven
No comments:
Post a Comment