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While markets focus on the subprime mortgage crisis, an even bigger one is looming: the ever weakening dollar.
The real worry in the event of a Greek exit is that markets focus on other, bigger countries as exit candidates.
"Markets focus on the headline change in jobs, which is obviously unfavorable for the economy," said Cary Leahey, senior economist at Deutsche Banc Alex. Brown.
We are trapped between New York City and Philadelphia and those media markets focus on themselves, and we needed a way to focus attention on the state, for us, not as someone else's bedroom suburb".
As the paper says, Although this effect is not long-lasting and debt eventually declines, it could be an issue if financial markets focus on the short-term behavior of the debt ratio, or if country authorities engage in repeated rounds of tightening in an effort to get the debt ratio to converge to the official target.
Video: Markets Focus On Earnings Reports .
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The Shanghai A share and Hong Kong H share markets trade with far lower correlation than one would expect from two markets focused on the same country.
But now publishers are looking at wider markets, focusing on broad subjects and students just now entering college.
But the CEBR says such a change would be politically damaging and risks unnerving markets focused on government debt levels.
Stocks closed mixed Wednesday as markets focused on the prospect of new bond purchases by the Federal Reserve and earnings reports, which have generally exceeded forecasts for the third quarter.
Markets focused on the 16% rise in subscriptions revenues.
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