What might the Greek bailout extension mean for Europe?
In this week’s episode:
- Is the EU’s four-month Greek bailout extension enough time to get a meaningful deal in place for the country’s $269 billion debt?
- Putting the 2014 fourth-quarter GDP revision (2.2% expansion) into context amid new, mixed economic data from the U.S. economy
- Yellen goes to Congress, but did she say anything new?
On this week’s Market Week in Review video webcast, Chief Investment Strategist Erik Ristuben revisits the ongoing economic saga in Greece and gives his perspective on news from Germany that the European Central Bank has agreed to a four-month Greek bailout extension for the country’s $269 billion in debt. In addition, Ristuben examines some very positive economic indicators across the Eurozone.
Mark Soupiset hosts this week’s episode, which looks more closely at this week’s fourth-quarter 2014 U.S. GDP revision, alongside February’s Chicago Purchasing Managers’ Index (PMI), which tumbled to a five-and-a-half year low of 45.8, down from 59.4 in January, as well as a very strong January pending home sales number. The show concludes with Erik’s views on U.S. Federal Reserve Chair Janet Yellen’s testimony before Congress and what that could mean for interest rate hikes later this year.