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Archive of entries posted on 20th June 2011

Uncertainty saps investor enthusiasm. And other “dog ate my homework” excuses.

People are spooked by news. Right now, the news is spookey, especially from Europe. It’s spookey because there is no simple, obvious, easy outcome. + It begins: The Greeks can’t make July’s interest payment on their debt. + They could “default,” which means not pay all or part of  it. But that would hurt all […]