Wednesday, September 9, 2015

European Growth Surge?

Whoop-te-do.  Eurozone growth has been revised upward to 1.5 percent for the past twelve months.  That's barely a pulse.  It is a sign of the times, that pitiful growth rates like this are cheered as if the outcome of a successful economy.

The disconnect between booming stock prices and a stagnant world economy is playing out in grand relief.  Don't expect much from the stock market until free markets develop a few fans in the political arena.  An elaborate safety net and extensive regulations, penalize entreneurship, innovation, and workplace motivation.  The outcome: 1.5% is as good as it gets.

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