the most important and immediate impact today is greece.  will greece default?  that could have impacts on the european union and then work its way back to the united states economy through the global butterfly effect.  then again, eknme is retreading old ground on this since last week.  it’s a wait-and-see game from the u.s. perspective.  we’re $18 trillion in national debt compared to greek government’s 300 billion euros. even in crisis, the greece have far less debt than we do. something to think about.

china’s imports have dropped so even china is cutting back.  this won’t have an immediate impact on our end, but with china reeling financially, it will gradually catch up with us.  on the bright side, the u.s. is still getting cheap electronic goods and clothing from china, even in our uncertain economic state.  just ask groupon.

well, even with the slight bump in employment, a lot of people still remain unemployed in our volatile economy. the good news is that it should end sometime, right?  or did our fail-safes break along the way?

now to our morning coffee…