On Further Consideration – Europe.
It appears the markets watched… reacted…. adjusted…. and now have studied. The results continue to erode.
Greece seems to be ready to leave the Eurozone and French Socialists will be disappointed when Hollande bows to the inevitable and restores austerity with a different perfume. Bernanke is on record now telling Congress to pay attention to the Congressional Budget Office. he also nots there projections are too optimistic regarding growth in the economy.
Maybe the adults are starting to return to the room. The time is now…