“While Greece is geographically and economically small, the effect could be big if it leads to other defaults within the eurozone,” said Michael Brady, president of Generosity Wealth Management. “If Greece exiting the eurozone has a bigger effect in a global recession, then that would weigh on the Fed’s decision to lift rates.”
Dow Jones Industrial Average Soars 200 Points, Rebounds Following Rout in Asia
July 9, 2015 – In the midst of some high daily volatility, Michael Brady was asked his opinion of the Greek debt and potential interest rate hike’s impact on the unmanaged stock market indexes.