Europe shows its strength… or making me sick :(
Every time I read about the Euro Zone economic condition I feel like I’m being thrown in all directions.
First they cut their growth rates (see here), now they are growing at their fastest pace is years (article). Ohhh… the sigh of confussion.
Whatever the case may be, Europe is surprisingly healthy again and may have to keep raising rates. I feel Asian countries (especially Japan, as they are considering a rate hike) are in a similar situation. In other words, the lack of growth the American Economy is showing overall, is being covered by the global players.
Looks like this market is being supported by real economic growth. There are a lot of economist who believe the housing sector will have a domino effect into other parts of the economy. But for now this has yet to occur. (If the markets begin to decline the way they did in May 2006, then we should expect the recession causing housing decline… imo, i don’t think this will happen, as our economy is a lot more dynamic then to depend on any one sector.)
