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Greece
It won't be announced Friday, but it seems to be getting closer: Greece in default. Technically Greece is already in default; it had a huge bill to pay last week but at the last minute, creditors (IMF, EC, EU, France, and Germany) extended all June debt payments (there were four) to the end of the month.
But the ever-grinning Alexis Tsipras will soon be frowning, or worse. Negotiations have stalled; negotiators have gone home; creditors are telling Alexis to get serious.
The rhetoric will be even more interesting Friday but don't expect any "great" announcement. But it's going to be a long weekend for Alexis.
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Odds
Will the Supreme Court's decision on ObamaCare be released tomorrow? Pending reliable data telling me I'm wrong, these are my "Las Vegas" odds when the Supreme Court decision will be announced:
- by June 30, 2015: no bet; it's a given
- by June 26, 2015: 1/9. A $2 bet will get you $2.20
- by June 19, 2015: 2-1. A $2 bet will get you $6.00.
- by close of business, Friday, June 12, 2015: 10 - 1. A $2 bet will get you $22.
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