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FreeMarkets (41.10)

Europe's Austerity to the Rescue



July 22, 2010 – Comments (2)

Today's news that the Eurozone rebounded more than expected is creating giddiness in the pre-market trade.  More stunning is that austerity was supposed to kill Europe's fledling recovery and our free spending was going to save the U.S. from such a fate.  Recent economic indicators show the EXACT opposite occurring.

Now, if you make the fine argument that austerity measures in Europe haven't yet had their effect, you can only come to two conclusions.  Either you're wrong (and you're not) or the money managers buying/selling stocks with hard earned 401k money are completely delusional.

Good luck and good investing!

2 Comments – Post Your Own

#1) On July 22, 2010 at 9:10 AM, ralphmachio (< 20) wrote:

This ought to be a fun day... gotta go, big hole to dig my way out of...

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#2) On July 22, 2010 at 6:47 PM, XXX222 (< 20) wrote:

I'd like to think that austerity is encouraging European investors to go nuts because they are more confident that decreased government use of resources will leave more for the private sector which will spur real economic growth and not just redistribution of wealth.

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