The next few weeks will be interesting for international investors. Right now, Greece is the main focal point of concern as Europe reacts to the ongoing debt crisis, but the immediate focus will soon be shifting to Janet Yellen and the U.S. Federal Reserve. Ongoing developments in the U.S. and world economy are getting independent experts to think that the Fed might be rethinking some of its earlier plans about raising interest rates.
The Global Chief Investment Strategist at Citi Private Bank had an interesting, and very realistic, perspective on Greece and the impact that it will have on the world economy. His basic words were that Greece is a small market, and doesn’t have a huge impact on the European economy, let alone that of the entire world. While U.S. markets are responding to the issue now, it’s not likely to stay that way for long. (more…)