The second quarter of 2015 was one of booming bust, unfortunately for citizens of Greece and China’s retail investors. As the financial world waited to see if the U.S. Federal Reserve would get on with raising interest rates, China’s “Mom and Pop” stock investors and Greece’s Syriza party decided to risk financial oblivion in an attempt to turn back the financial clock to happier times. Their risk taking didn’t turn out well in either case and certainly didn’t stop the clock ticking towards dearer money in the U.S.
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Canso July 2015 Market Observer
