After a tumultuous month in the markets, all eyes are now on the Fed and what they will, or will not, do at the next FOMC meeting scheduled for September 16-17. It's an interesting question, and one that has no obvious answer.
You would think that the trauma in Greece, collapse of the Chinese equities markets, and serious prospects of a rate increase from the Fed would be enough to throw a wrench into the US economy. But, apparently, you would be wrong. Despite all of these things, and any number of other global concerns, the US economy and domestic equities markets seem to be taking it all in stride…
Celebrating Brian Semel (5 year) and Bill Baumann's (9 year) anniversaries at Kiser Group!
Please join the RPBG for their next meeting on Tuesday, July 28th.
Noah Birk gets to the bottom of what's happening in the South Side multi-family market.
Things are suddenly looking a lot more interesting, and not necessarily in a good way. The long-simmering showdown between Greece and the Eurozone came to a head last week as negotiations between the two parties broke down and tensions rose to a breaking point. The Greek government essentially shut down the national banking system, freezing assets and only allowing small cash withdrawals. These measures were intended to prevent what had been shaping up as a Depression-style run on the banks as desperate Greeks tried to withdraw their euros before they got converted back into nearly worthless drachmas, a possibility that suddenly looked more likely than it had just a week or two ago….