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by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
Stock futures are up this morning on news that Alexis Tsipras Backs Down on Many Greece Bailout Demands.
A reader asked me about Tsipras’ cave in, but I responded it is nothing but a political ploy ahead of the July 5 referendum as to whether or not Greece should accept the creditor’s take-it-or-leave-it offer.
I am not the only one who sees it that way. In spite of numerous headlines that make it appear as if this was a significant breakthrough.
Continue Reading at GlobalEconomicAnalysis.Blogspot.com…