Weekly Wrap: Greece and the American recovery
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Weekly Wrap: Greece and the American recovery
Cardiff Garcia from FT Alphaville and Felix Salmon from Reuters discuss the Greek deal and how it’ll affect the American recovery.
On Greece:
Cardiff Garcia: We have to wait to see if it works, and we have to wait to see if enough bondholders actually participate in this thing that it’ll actually go through. My best guess — and that’s all it is because who knows what will happen in the next two weeks — is that under the loosest possible defintion of the word “work,” it’ll work. Things will end up working out and we will proceed with the bailout before that big March 20 date.
On the American recovery:
Felix Salmon: One of the reasons we’re so optimistic right now is because we’ve had a pretty healthy run of good jobs numbers. So people are looking at the improving jobs numbers and saying, things are going well. But this is a statistical series with a lot of noise in it, and when you have a run of good numbers, you can easily have a run of bad numbers and then we’ll be a lot more pessimistic than we are now.
For more analysis, listen to the full audio above.
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