Monday, July 2, 2012

Cross Currents.

BARCHART must be run by Liberals. That would explain why they are trying to project the idea that the US economy is doing well. Today's headlines reflect this coloration. But, some of the folks on BARCHART can not help but report facts. Today is a good example. One title says "Markets remain buoyed by euro summit deal," while another title says "Oil falls below $84 amid waning EU euphoria."

In fact, the Markets are not buoyed. They reflect the uncertainity that remains after the European summit. Questions remain about where the needed money will come from. how the proposed solutions will be done and wheather this will be in time.

BTW, did you notice who won the European cup? Germany was knocked out by Italy and they in turn lost to Spain in the finals. The worse your finances, the better the soccer team.

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