On Everybody's Mind -- June 11, 2015

There is so much to write about but I have to get to bed. I will leave you with one last article sent by a reader -- an incredibly good article but it will take me a bit of time for me to digest: the geopolitics of falling oil prices.

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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.

Note: this is not a gambling site. Do not make any wagers based on anything you read here or think you may have read here. This is hypothetical only, and it is for entertainment purposes only.