While Americans are celebrating the last day of summer, markets in Europe, which has already observed its summer holiday for, oh, the last 30 years or so, were open today. They slumped hard, on the usual fears that Greece is on the brink of default; the Euro may go with it, and the U.S. is led by Barack Obama to boot. Futures for the U.S. stock market open tomorrow morning are off about 2 percent, suggesting a more than 200 point drop on the Dow at the open. Meantime, what new steps is Barack’s awesome administration taking? Suing the banks that we bailed out. Go figure.
Have a nice week, Barack. Looking forward to your speech.