Seems that the bull rally that lasted from March until June has ended. This depression will not be easy for USA, the budget deficit and increasing foreign debt makes it impossible for USA to recover any time soon.
In Finland, we are seeing some good signs for recovery although this may not be the end of depression yet. The good sign that I want to point out is the surplus of balance of trade. However, it is remarkable smaller than a year ago, but definetely a good sign..
2 comments:
Hi Jarmo!
Probably you have heard already that Obama announced the recovery of the US economy. And quite often speeches are more important than positive surplus in a trade balance. I also heard that Germany and UK or France are out of recession period. It's time to flourish and earn some good money. ;-)
Hello Vladimir,
Thanks for your comment! :)
You need reality to get a real economic growth, I don't believe Obama is able to blow any air under the wings of U.S. economy.
You know, when you borrow a lot of money and hire labor force you obviously create recovery. However, if you borrow money, there will be a point of contraction and repayment of debt.
There have been positive news from Germany at least..
You are right, it is time to flourish and make some good money (however, I want to make money no matter how the economy is.. You are able to make money even in the declines if you are standing on the right position with your portfolio).
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