Creditors should forgive some debt but refuse to ever loan them money again until they rid themselves of their misguided government that is running their people into the ground. Their current debt is worthless.

There are always risks of an extreme event shocking the global market and economies. The problem is that many counties are ill equipped to deal with them after engaging in creative financing with unusually low interest rates and QE. This gives them none of the traditional methods are combatting a downturn let alone a catastrophic event and thus bonds of such country should carry added rate risk. Those professing government bond risk rates are always zero need to get up to date with todays reality. Governments have limits and printing money to pay debt in itself is a risk.

Y as in why has Europe allowed this shenanigance to run on for so long. The inevitable is obvious and gets worse every time Greece gets a new loan it can't repay. Strangely, although people say Greece's fall will make other countries run for the exit, I think the problems Greece will face exiting will make other delinquent economies in the EU take notice and try a little harder not to be the next Greece.

In the end, I have a strange feeling Greece will exit the EU then beg to re-enter after a harrowing ordeal where it has to face the piper all on its own.

REITs are already selling off. They are great buys at the bottom of any Fed rate hikes unless it sparks Fannie and Freddie trouble which it indeed could. Sadly, nowadays the market is more about perception than reality. Good REITs will always come back and make someone rich.

Sadly, penalties and punishments don't work because TBTF banks are essentially state banks and not just their depositors and customers pay the price but the taxpayer as well. We need to lift any notion of TBTF and break up any bank found to have a history of illegal and immoral acts that violate their charter. Banking regulations allow for this already and banks can be denied banking licenses although it pretty much never happens.

TBTF banks that put taxpayers at risk and flaunt banking laws need much more than a slap on the wrist. the need to be disbanded. They will holler that it will disrupt the industry, however, the money doesn't disappear, nor does the business. They are just sold off in pieces to legitimate banks. They can't complain about this given they consumed a whole host of banks including themselves over the last decade to keep their TBTF status. It is strange when holding American taxpayers and economy hostage is a plus as is saying your bank is vulnerable to catastrophic failure and needs free Federal insurance forever. Our capitalist forefathers are rolling in their graves.

Fortunately, not too many people in America own these shares and not in large amounts. Rather, we should watch out because the overvalued bubble extends way into our market as well, especially tech and biotech stocks.

Sadly fewer and fewer people realize China and the US can't really live without each other. The US would be in horrible shape with high inflation without outsourcing production and worse yet, it would not have a partner willing to buy up its growing number of bonds from America's uncontrollable government. China both produced products cheaply enabling easy monetary policies and low inflation as well as partially solved their bloated deficit spending.

On the other side China had little in the way of domestic demand, a huge population needing jobs, need of capital to advance business growth, and stability. It got all of that with the US giving them demand, surpluses to stabilize their economy, jobs, and investment money.

Indeed, they are a perfect example of the benefits of globalization. However, both grow and both have increased their economic difficulties. China has not created enough internal demand and has not allowed their currency to float freely. The US hasn't curbed its excessive demand and worse yet has exacerbated its deficits. Because of this any unwinding would be devastating to both parties.

The US has been gradually shifting production to other countries, but the size and scale of business in China make moving business take decades. China is rather irate that other countries are now taking their business blind to the fact this was exactly what they did to China, Taiwan, and Korea. Their efforts to destabilize SE Asia sea routes is part of their efforts to complicate the decline of their manufacturing business. Sadly, they need to focus on moving up the value chain not becoming protective and insulating the public from outside influences. They are moving towards increased capitalism, but sadly are still blocking the free flow of information needed to move up the value chain.

Likewise, the US is also giving indications of less tolerance towards increased globalization in its defense to try to keep the dollar as the only reserve currency because its continued growth of an exorbitant amount of national debt. This too will end badly if the US closes itself off from new international market components which will happen with or without them and which it will needs badly as it continues to wallow in a sea of government produced red.

TPP is a response to an issue. not a solution. The US should work with China to help it integrate its will to grow and finance outside of its country in hopes their investment money keeps flowing into US debt. Likewise, China needs to move to allow a freer, more open exchange of information. If not, China will increasingly choose to invest elsewhere. Likewise, China will slowly sink as it is unable to parlay its success and move up the value chain and the US and pretty much everyone else will increasingly be at odds with its expansionary goals. China can only grow by developing relations with other countries, not by going it alone from here on out.

It was also the flood of money trying to escape zirp and QE economies. There just isn't enough places to escape to.

How dumb is this. We are at a cyclical end of a extended market cycle and she wants core inflation to spike up before doing anything. Of course, when the cycle ends it will never reach these levels and thus she will never increase rates leaving the US at zirp going into the next downturn. Even Greenspan wasn't this inept.

The dollar's down but the stock market is up. Don't you know, Yellen only cares about inflating the bubbles she already has blown up. Apparently she doesn't know that if you blow up a balloon too much it pops. she thinks it just looks bigger and prettier.