while the greek government may be approaching bankruptcy, the u.s. private sector adds 200,000 jobs.  it’s a lot in light of the current economy, but it’s still not sufficient of a boost to justify that the great recession is officially over.  the hangovers from the great recession are still occurring.  so it’s not over yet, folks!

on other matters, the greek government is approaching bankruptcy as the banks have cleared their accounts and the government has no liquidity to stand on.  this could mean bad things to come for the european union and as a result of the worldwide butterfly economic effect, the fallout of the bankruptcy could hit us too. in light of our $18 trillion national debt, the clock may be ticking for us too.  if the u.s. defaults, it could lead to cataclysmic results financially and socially.  it would peak the interest of terrorists out there too.

president obama’s time has come and gone in eknme’s opinion.  he had some good idealistic ideas which he turned into reality, like obamacare.  however, the ramifications of obamacare is now increased premiums in the upcoming years.  this could squeeze the u.s. economy even further as inflation rises also.

now to our morning coffee…