Sunday, May 9, 2010

Europe: Stronger Then You Think

Well, clearly stronger then the market thinks based on the markets last week. People still don't seem to understand that Greece had fraudulent government deficit reports and a economy in decline that is creating its need for a bailout. Other European countries like Spain and Portugal are recovering and though they face numerous issues they aren't nearly as bad off as Greece.

Don't take my word on it though. Listen to the Chief Economist of JPMorgan (JPM). It actually surprised me that Europe as a whole is doing this good. PMI in the mid 50s and economic growth in the 2-4% range. Also don't forget that a lower Euro helps the export sector.













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