As I have suggested, political will often grows out of necessity, the necessity to avoid a catastrophic outcome from whatever the problem might be. Regarding the European debt crisis that grows bigger in the news every day, this is the case. There’s nothing like an impending disaster to concentrate the mind.
As I have also said, it is time for the policy makers in Europe to get off the dime. If the European crisis gets much worse, it will be like a snowball rolling downhill. Well, signs are emerging that minds are now concentrating on taking the necessary steps to arrest the issue …
- The International Monetary Fund replaced its European Director with a powerful, well-connected, insider on Wednesday in a sign the global lender is setting a more forceful course of action in dealing with the European crisis.
- The European Central Bank is ready to show some flexibility in its response to the euro zone debt crisis, despite vocal resistance from a German-led group of ECB policymakers to the bank unleashing the overwhelming firepower it can muster.
As to the U.S. and its debt crisis … It is hard to predict what will happen in the next week when the deadline for a deal comes a knocking, but one thing for sure is drama will mark the days as the deadline looms.
Many veterans of congressional negotiations predict that any deal will fall into place just hours before it has to be publicly posted on Monday.
Today I have a question from a reader, a question that requires a certain amount of delicacy, a certain amount of consideration, a certain amount of care when answering …
Is there any proven successful forex trading method, which is 100% accurate
No! Stop asking this thoughtless question!
As to my goods news jag, the one I’ve been on for a while, particularly the last two weeks, I have more to contribute, but today I want to make a point. Although I believe the fiscal crises on two continents will not blow up the financial system again, I could easily be wrong. Anything can happen because humans with political agendas are running the show, and history tells us humans with political agendas have led the world down paths of destruction before. Okay, how about some good news, then
Target Corp posted a much bigger-than-expected jump in quarterly profit on Wednesday as shoppers responded to its increased food selection and 5 percent discount to cardholders. U.S. consumer prices fell in October for the first time in four months as Americans paid less for new cars and gasoline.
Trade in the day – Invest in your life …
