“This should make a splash in our financial markets but Greece isn’t all that big.”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
“there will be no contagion”
Reuters: Wave of contagion expected after dramatic weekend raises ‘Grexit’ chances
Monday: (market falls) Talking heads: “this is a buying opportunity”
Tuesday: (market falls) Talking heads: “this is a buying opportunity”
Wednesday: (market falls) Talking heads: “this is a buying opportunity”
Thursday: (market falls) Talking heads: “this is a buying opportunity”
The probability of Greece defaulting isn’t coming as a surprise. This isn’t like the collapse of the housing bubble which far too many financial houses never saw coming.
Lenders with exposure to Greece have had a long time to prepare for it. And Greece isn’t exactly a major economy. It will have some impact but nothing approaching the housing bubble.