The bottom line

The euro declined and stocks reversed gains after Steffen Seibert, Merkel’s chief spokesman, said the search to end the crisis “surely extends well into next year.” His comments came after Group of 20 finance ministers and central banks endorsed parts of a plan to manage the debt crisis after weekend talks in Paris, sparking rallies in riskier assets including emerging- market currencies and stocks.

Germany was brought into the European Union to mitigate its historical power.

It was wishful thinking. Germany remains the dominant power of Europe and Europe will be shaped by Germany.

The Teutonic discipline will crush (as I have written for years) those countries that do not change. And they will not change. And they will be crushed. They are being crushed.

More details in my The Peter Dag Portfolio and my free educational videos on www.peterdag.com.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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