A lot of red this morning in the capital markets, with headlines screaming about Greece and everything connected to it.
We know its unsettling and got some early questions about it. The most difficult thing to do in such situations is “to do nothing”. Our requirement for action is all pervasive, to do anything, to be in action.
Our consul to everyone is to sit on your hands. We are doing the same, even as watch the action play out for our next opportunity over the coming weeks and months.
In Capital markets, size matters and Greece entire GDP size would rank it behind City of Detroit who for some who remember also defaulted in 2013, with little to no impact.
And 70% of Greece citizens would like to stay in the Eurozone per a WSJ report. If you have to watch something , stay focused on the Trade deal the US is looking to get done, which has a larger potential impact.