A Look at the Markets at Home and Abroad with Joe Nocera

Wednesday, February 22, 2012

International Monetary Fund Managing Director Christine Lagarde (L) and Eurogroup president Jean-Claude Juncker give a press conference following an Eurozone meeting on February 21, 2012. (GEORGES GOBET/AFP/Getty Images/Getty)

Greece has once again narrowly avoided defaulting on their $172 billion debt by agreeing to more austerity measures and selling off profits to euro zone countries. However, it's unlikely this development will ease the dire situation of its population: nearly 20,000 Greeks are homeless and 21 percent are unemployed. Stateside, there were signs of recovery when on Tuesday the Dow hit 13,000 for the first time since 2008. But if the last four years have proved nothing else, it's that what happens across the globe can directly impact a market at home.

Joe Nocera is op-Ed columnist for our partner The New York Times.


Joe Nocera

Comments [1]


"What's going to happen to us" is the decision Americans will be making this election year when confronted with a President who is joyfully leading the nation down this dismal European road while the media does its best to distract the passengers.

So the "takeaway" is "brace yourself" as Obama's wealthy friends benefit and for "most of us its a suckers game"?
Is that what the President thinks of the citizens and especially his supporters?

"fool me once in 2008, shame on you, fool me twice in 2012......"

Feb. 22 2012 10:19 AM

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