The Greek Tragedy – One Of The Slowest Moving Train Wrecks In Financial History

Thursday, June 25, 2015
By Paul Martin
June 25, 2015

With the world still awaiting the outcome of the Greek tragedy, today one of the greats in the business sent King World News discussing the Greek tragedy, which is one of the slowest moving train wrecks in financial history.

“Greece has to be the slowest moving train wreck in financial history; but in a way, it’s a good thing because if Greece had failed in 2012 we’d be in a much more dire situation.” — Jack Ablin, Chief Investment Officer, BMO Private Bank

Piece By Andrew Adams Sent From Jeffrey Saut, Chief Investment Strategist at Raymond James

June 25 (King World News) By Andrew Adams (Raymond James) – I saw the quote above from BMO’s Jack Ablin yesterday after the market closed and decided that I wholeheartedly concur with his statement. For something that many investors believe has the potential to rattle the global financial system, the whole Greece ultimatum saga sure is taking its sweet time to play out.

That delay hopefully has given the world an opportunity to position itself accordingly for all possible contingencies and soften the impact of any adverse outcome, but it is still a very fluid situation. And Ablin is also correct that if any Greek default should happen, it’s probably better today instead of three years ago since the global economy at least appears to be on a little firmer ground now.

The Rest…HERE

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