Last few weeks have been very interesting and blog-worthy. It has been while since I wrote my commentary regarding various events impacting economy and markets. End of Jun had multiple deadlines - all of which passed and still discussions going on: Greece/Creditors bailout discussions, Iran and world powers Nuclear deal. Unfortunately none of these are closed - deadlines gone and extended multiple times with leaders meeting over weekends. So what's in store over next few weeks and how it could impact markets? Here is my take: Greece and creditors would negotiate well into mid-night Sunday and may declare a last minute deal avoiding "Grexit" but it would only be temporary patch at best. The Greek drama would continue well till end of year creating repeat of Jun drama around holiday season. IMO, best course of action would be for Greece to come out of Euro and introduce local currency (which would be at 50% of face-value of Euro) and promote some structural reforms. Arg
Commentary about markets and investment ideas and some random thoughts!