The worst part about the current situation with Greece is uncertainty, but things are not that bleak or uncertain. Greece Known Knowns The worst part about the current situation with Greece is uncertainty, but things are not that bleak or uncertain:
Greece in perspective is a rather small economic player. Prime Minister Alexis Tsipras will not deliver an alternative plan tomorrow that will be accepted by European lenders. Greeks voted for autonomy and will have it, although at high personal cost. Greeks wanted to be unburdened from debt – they have now been unburdened, though they will also be without credit. European lenders wanted Greece to better live within its means, and it will now be operating where spending can only match r...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
