3/26/12

Thought of the day

The European countries in financial trouble have a large current account deficit. The strong countries of Europe have a large current account surplus.

Now, it does not take a genius to figure out that austerity is not going to solve the European problems. This is the kind of leaders Europe sports. They do not even can define the problem.

The problem is productivity. Europe is bound to disintegrate.

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

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