Goldman is on capital hill today and I do not think they will get a fair hearing which is going to damage its reputation. Greece is in a showdown between the market and the government and the market is winning right now. Germany is very reluctant to give out money. Pay attention to Portugal and Spain. If their CDS explode, then there is no enough money to bail them out.
China is trying to softland its property market and its stock market is at 6 month low. The market is in trouble in short term.
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