Bank of America’s top strategists and economists put together forecasts on the prices for stocks, bonds, commodities, and currencies depending on how the Greek elections shape up on Sunday night.
The three scenarios they examine for each asset class include:
A base case (the highest probability scenario) in which Greek voters elect parties that can form a “pro-EU” government and there are no surprise policy responses from the European Union or the European Central Bank.
A bull case (the lowest probability scenario) in which a “pro-EU” government is not forthcoming and, as a result, the EU and ECB are forced to step in with bold policies that trigger a risk rally.
A bear case (which BofA assigns a “low to medium probability”) in which a “pro-EU” government is not formed and the ECB and EU don’t step in to limit the fallout.
BofA breaks down what each asset class will look like in each of these three scenarios.
ATHENS, GREECE — History looms large in Athens. This is true both metaphorically and physically, as the city’s most distinctive landmark, The Acropolis, sits high above the city, looking down on the sprawl.
The Acropolis (which means city on the edge) is over two thousand years old, and actually consists of multiple structures, the most identifiable of which is the Parthenon.
Today in the 95 degree heat, with the help of a local guide who hadn’t been up there since he was a kid, I went and checked it out.
In 2011, 88 new towers over 200 meters (656 ft.) high were built in the world–a record number, compared to the 32 new towers built in 2005. There are another 96 new towers slated for completion this year, with China being the biggest builder.
But with so many new additions to skylines around the world, which buildings are the best?
The group chose the best buildings in each of four regional categories: the Americas, Asia and Australia, Europe, and the Middle East and Africa. There’s an additional innovation award given to the most innovative building. Criteria include sustainability, innovation, and design.
The list includes a sexy, curvaceous pair of towers, a sky-high glass-enclosed atrium, and a building that breathes and moves with the sun, among others.