11/11/10

This is the real risk

"Wednesday's largely peaceful march by tens of thousands of students opposed to planned increases in tuition fees was the first major protest directly linked to austerity measures announced by the coalition government last month.(Reuters)

In Europe people are revolting to governemnts' austerity programs. The politicians have to be very careful when they implement programs that cannot be financed.

Unfortunately, this is not what is happening. Hopefully we are going to be more "controlled" and we will not experience the discontent we see in Europe.

The Tea Parties may be the beginning.

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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