Hat tip to Andy Semple at Andika.
Samaras Is Sworn In as Greek Premier – WSJ.com
Greek conservative leader Antonis Samaras was sworn in as prime minister Wednesday at the head of a three-party coalition that is tasked with carrying out the country’s harsh European-led bailout.
…..Although New Democracy won the most votes in the elections, it didn’t control enough seats to govern on its own and had to seek coalition partners to control a majority in Greece’s 300-member Parliament. Combined with the forces of the Socialist and the small Democratic Left parties, the coalition will hold 179 seats.
via Samaras Is Sworn In as Greek Premier – WSJ.com.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
Barack Obama, Home Alone – Rich Lowry
In his new book on the Obama economic team, Ron Suskind quotes former administration official Larry Summers complaining: “We’re home alone. There’s no adult in charge. Clinton would never have made these mistakes.”
via Barack Obama, Home Alone – Rich Lowry – National Review Online.
Larry Summers “We’re home alone” comment could damage Barack Obama’s already slim chances of re-election. Already slim because there is little he can do that will create jobs before November next year.