Convulsions - II

In spite of the best intentions, the ineffective Keynesian remedies, the entreaties to the contrary, in spite of the rah-rah tenacity of the CNBC talking heads that the Dow Bull is back. World economic growth is slowing – the entire world.

This AM gold soars once more past $1800 per ounce and Morgan Stanley cuts European growth for next year to ½%. Europe is in trouble – France’s Sarkozy and Germany’s Merkel exchange platitudes and protest that the Euro will exist forever. But the two leaders cannot implement the European bond fund due to political barriers.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]