the bigger picture on greece needs to be discussed.  greece can’t decide on which way to proceed with its creditors, and there will be a referendum for the country this weekend.  greece is just postponing the inevitable at this point.  greece will fall soon.  again, the impact itself will be small relatively as greece’s default will directly impact the european union. however, there may be ripple effects.

in the u.s., there has been lots of drama.

the good news. the u.s. stock market rises again despite greece.  the market has been on a roller coaster these past few weeks, reaching 18,000 then falling and then rising again.

now to the bad news, puerto rico escapes the clutches of default for now.  however, the situation in puerto rico is very much like greece — sky-high unemployment, sky-high government debt and eroding tax base as citizens find a way off the island.  most are coming into the united states to find employment, but the situation is a moderate improvement for the citizens.

donald trump’s less than palpable comments about  mexican immigrants as “rapists” ultimately suffered the initial backlash in the cancellation of pageants.  now his television show the apprentice and his clothing line in macy’s has been cancelled as well.  donald cited the fusion article in defense of his comments, but the more trump defends, the more guilty he looks.  not to mention his bad name will have on ivanka…

greece and puerto rico are postponing the inevitable.  donald trump gets trumped.

and well, it’s time for our morning coffee…