
World View: Yemen’s President Accepts Houthi Demands, Possibly Resolving Crisis
Leader of Germany’s anti-Muslim Pegida movement resigns over Hitler photo; Yemen’s president accepts Houthi demands, possibly resolving crisis

Leader of Germany’s anti-Muslim Pegida movement resigns over Hitler photo; Yemen’s president accepts Houthi demands, possibly resolving crisis

It’s far from certain, but the impending Greek crisis rerun during the next month poses a real threat that Greece might have to leave the eurozone and start printing drachmas again, with the result that bankers and politicians are drawing up contingency plans in case it happens.

In his weekly investors newsletter, investment guru John P. Hussman says that he’s in the camp that believes that “the likelihood of a market loss on the order of 40%, 50% or even 60% in the next few years is quite high.”