Europe again

I am not going to say a whole lot here in this post because I have been writing non-stop about Europe of late. I just want to share the European links with you. I think what the links show is that the European paradigm is in transition from front-loaded austerity to back-loaded austerity. This is something I have remarked on at length in the past. What I would like to know is what impact this move is going to have on bond and stock prices.
There are a lot of moving parts to the story as well.

Germany: Everyone is talking about Angela Merkel's comments about interest rates. I don't think the comments are that significant actually. She was trying to show she understood the arguments on both sides and that they were reasonable points of view. In my view, Merkel was not trying to pressure the...


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