Sept. 29 (Bloomberg) -- Spanish workers disrupted transport and television broadcasts in the first general strike in eight years as demonstrators marched in a dozen European cities against government spending cuts. More than 100,000 protesters descended on Brussels before a meeting between union members and European Commission President Jose Barroso, organizers said. In Athens, rail, communications and port workers struck. Police in Dublin made an arrest after a truck damaged the front gates of the parliament building.
My view. The markets always win. The politicians give us what we want so that they can stay in power. But if we do not produce the wealth to pay for the nice programs we receive, the markets force us to give the money back (cut the programs).
People protest. But they did not deserve the lavish gifts in the first place. No one is at fault. It is just human greed at work to achieve wealth and power.
The pendulum is swinging back.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest
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