At least that’s the message from recent notes by Credit Suisse and HSBC, though we suspect this will change as we near the moment next week when we find out the results of the debt restructuring. Surely Greece will then be the new, ahem, grease.
(And after which, if everything goes smoothly, oil will be the new Greece, again, as everyone looks ahead to the FOMC meeting.)
First up are the hope-mongers from Credit Suisse, who argue that the US economy is on sounder footing than it was last year and there will probably be less of a shock factor, emphasis ours:.............
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