Written by Gary
GreekNado, oh hell no! U.S. stock index futures fell this morning after Greece rejected debt bailout terms yesterday, throwing the future of the country's euro zone membership into further doubt.
Investors will be selling off riskier assets today, although the declines will be muted compared with a week ago on increased hopes for a deal.
Markets are expected to open lower with a distinct possibility of recovering sometime before noon.
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by Constantin Gurdgiev, TrueEconomics.Blogspot.in
With over 75% of votes counted in the Greek referendum, 61.6% of the votes counted are in favour of 'No'.
Read more >>
Infographic Of The Day: Dust Cloud Around The Moon
Researchers studying data from the LADEE (Lunar Atmosphere and Dust Environment Explorer) spacecraft have discovered that the airless moon is surrounded by a thin, asymmetrical dust cloud caused by the high-speed impacts of dust particles from comets.
FOREX NEWS by DailyForex
In the wake of Sunday’s NO vote for a new Greek bailout, currency traders flocked to safe haven currencies as uncertainty continued to escalate.
The Greek people have decided to reject any deal with the creditors that might have further austerity linked to it in a referendum which has been criticised for being too hastily (and unnecessarily) called and was viewed as confusing and ambiguous even in Greece.
Last week saw the financial world in uncharted waters with the sovereign default of Greece and a referendum to be held which external observes say will decide the fate of the nation (and its government) within the Eurozone.
The vote is in and the Nays have won. Greece went to the polls Sunday and overwhelmingly rejected any terms of a rescue package from its creditors.
Official results from today’s voting in the Greek Euro bailout referendum have just been released, very strongly indicating that the final result will be a fairly comfortably win for the “NO” camp.
by Patrick Barron, Mises.org
Greece cannot pay its debts ... ever. Nor can several other members of the European Union. That's why Europe's elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor members of the EU pay up? The financial consequences of massive default by most of the EU members is hard to predict, but it won't be pretty. Europe has built a financial house of cards, and the slightest loss of confidence will bring it crashing down.
by Asif Suria
Insider buying almost tripled last week with insiders buying $140.28 million of stock compared to $57.81 million in the week prior. Selling on the other hand declined with insiders selling $355.34 million of stock last week compared to $870.92 million in the week prior.
A majority of the insider purchases this week were related to David Einhorn participating into a secondary offering by home builder Green Brick Partners (GRBK) to the tune of nearly $85 million. Mr. Einhorn, Greenlight Capital and various other related entities now hold 24.13 million shares of Green Brick Partners. Insider selling was muted, as expected, on account of the start of earnings season.
02Jul2015 Market Close: Markets Close In The Red, Bond Prices Up, WTI Oil Down, Have A Happy Weekend
Total Fed Balance Sheet:
Fed's Balance Sheet week ending balance sheet was $4,440 trillion..