MBS Day Ahead: Action Packed Day: Important Econ Data, Final Auction, and More Euro-Schtick

By Matthew Graham

Posted To: MBS Commentary

The news that keeps coming out of Europe is just too good not to have been scripted by some secret society of brilliant comedians. The dialogue between Greece and its creditors would make Abbot and Costello proud. In fact, it’s too good to have even been scripted. The best part about Greece and Europe is that unlike Abbot and Costello, we don’t need to suspend any disbelief that either party ever knew “who’s on first?” or in this case, “who’s paying this bill?” Both fortunately and unfortunately, that comedy is the most noticeable facet of this version of Greek/Europe drama. As we’ve discussed recently, markets don’t seem to care too much. This was made all the more apparent yesterday (probably) when late day Euro-schtick failed to inspire much of…(read more)

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