More Damage to Come From Europe
When will Europe not matter to prices? We know that we are in very different places. Our banking system is strong. Theirs is weak. Our employment situation is improving. Theirs is worsening. Our housing crisis seems to be on the mend. Theirs is just beginning. Our companies have terrific, refinanced balance sheets. Theirs are opaque and weaker.
We have optimism, as expressed by a USA Today poll in the front of the paper expressing a very optimistic belief in the future of this country. Over there, pessimists abound. We have one currency that works. They have another currency that keeps the ne'er-do-well countries from taking the radical action they need to stop pulling down other countries and get their assets cheap enough that they are attractive....402 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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