According to Art Cashin, the so-called Greek deal is a farce and the crisis could turn into a catastrophic “financial Ebola.” With ongoing negotiations, the new Greek government could lose support of the Greek people; thus, they will harden their stand. This crisis could make the EU situation worse and wreck the global economy, because of a possible EU derivative implosion.
Port Disruption Signal
There are port disputes creating major problems on both the east and west coasts of the U.S.; however, if the past is any indicator, the problems will get worse. Time and time again, once the dispute ends, retailers and wholesalers are overloaded with goods that are no longer in demand because economic activity has collapsed. This happened in 1973, 2001, and 2008 and is likely to happen this year.
According to Martin Armstrong’s model…
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