The Greek Parliament has passed an austerity measure, this is compelling news for investors. Meanwhile the Greek people are seriously protesting that country's austerity plans. Its a classic modern situation where governments move in one direction, people want the opposite and only want improvements in their lives not austerity, and Wall Street reacts favorably.
Reuters: Wall St extends gains for 3rd day on Greece vote
U.S. pending home sales rose a stronger-than-expected 8.2 percent in May, but a glut of unsold properties remained a drag on the housing market.
No comments:
Post a Comment