Last week, the spotlight of worry was back on Greece’s solvency. This week it is Spain’s turn again to spook us. Greece, Spain, and Italy are in economic disarray, and the prospect of growing their way out of trouble appears unlikely given the recessionary forces. Even emerging market darlings like Brazil, China, and India are struggling. Although U.S.
The coming week should reduce uncertainty, at least slightly, since we get a bevy of new economic data and 15% of the S&P 500 reports. And maybe Spain will decide whether or not it needs help. Furthermore, we will have the next-to-last Presidential debate tomorrow night.