Maybe it’s those negative interest rates on savings. Yeah. That’s it. Coming soon to Obamanation.
A bomb. A BOMB! Was someone expecting a bomb?
First thing I thought of when I saw the headline, “How strong is the Euro these days?”
;-)
Short every investment they mention. Why? Because they are.
Last week the stories were all about Europe making one last circle around the toilet bowl before the entire lash-up disappeared into the cesspit of failed Unions.
Now Europe is a Boom Town continent where the streets are paved with €1,000 Euro notes.
Because Greece threatened to pull out of the Euro?
The Eurozone hired a NY Hedge Fund PR Firm and suddenly everything’s coming up roses.
Propoganda from the Keynesians following ECB’s money printing.
“Some countries still aren’t really included yet, either — Germany’s growth has been surprisingly good and Spain has been seeing a decent, if not spectacular, recovery. Italy and Spain have been slower starters.
It’s also worth noting that this is a change in direction, not levels — the eurozone recovery currently underway is interesting because it was expected, not because it is tremendously impressive. Unemployment in the currency union is still 11.2%, a full four percentage points above where it was in February 2008.
The eurozone’s performance since 2008 has made even the UK, which has had its worst economic recovery on record, look impressive. But like the UK, there’s a point at which people get too pessimistic in their expectations, and can’t see a recovery coming. That recovery looks like it really is here this time for Europe.
The major thing still hanging over Europe is deflation — prices are still falling, and economists have been rightfully concerned about what might happen if it becomes embedded, as Japan’s deflation has.”
Methinks the headline is a tad optimistic. One country is doing well, another is doing decent. And the title is ‘Europe is BOOMING?’.
Our MSM wants us to think that socialism over there is just doing great. So let’s follow their lead some more, eh?