Euro Crisis & Inefficient Markets

The Greek parliament narrowly approved a fresh austerity package on Wednesday night, opening the way for international lenders to transfer a long-delayed €31.5bn slice of funding and take steps to ease the terms of the country’s €174bn bailout. Why the Greek crisis was much larger, more complex and a greater risk than anyone assumed.

Gold prices were rallying in tandem with the dollar. As the market began to crater and eventually crash 1,000 points in one day the gold market actually continued to rally along with the dollar! For anyone familiar with gold and forex markets this was more than odd. But there is a reasonable Continue reading “Euro Crisis & Inefficient Markets”