Greece: Time to Worry a Little or to Rejoy ?

Well, the markets are heading into panic mode, again. Brace yourself ! Lots of opportunities will probably arise, but wait a little, that dust settles down before chasing quality stocks at discounted prices, because right now, the market is still expensive and most quality stocks trade at a premium…

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BIS Annual Report Is Out With A Warning Message

Some valuable piece of information and insight on global financial markets, with a somewhat alarming message: « Don’t let the unthinkable become the new normal« .

« The global expansion remains unbalanced, debt levels and financial risks are still too high, productivity growth is too low, and the room for manoeuvre in macroeconomic policy has continued to narrow », warns the BIS, with a global message: current governance and ruling of financial markets around the world is a big mess and there is little progress in aknowledging and fixing that…

Full report is here.

It’s sad/funny that this kind of analysis comes at a time when the IMF is sending ultimatums to Greece which replies with democratic call to its people, something IMF’s leaders are probably not accustomed to.

Grexit: important facts in images…

Courtesy of Exane BNP Paribas’economist team, the Grexit case in a nutshell, actually 2 charts that might help clarify some points. According the Exane, Grexit now has a 40% chance to materialize.

About the timeline for the coming summer…

Source: Exane BNP Paribas

Source: Exane BNP Paribas

And here are the scenarios in the event of Grexit:

Source: Exane BNP Paribas

Source: Exane BNP Paribas

Obviously, investors should think about ways to protect their portfolios, but they shoudl also raise cash and be prepared to seize investment opportunities.