Austerity Programs and a collapsing Euro is not good for earnings
If a large number of European nations begin cut to their budgets, lay-off workers and reduce benefits to the population, exactly how is that going to improve retail sales, corporate earnings?
With the Euro trading at $1.25 and a strong down trend in place, how can American businesses compete in EURO land, let alone defend their domestic markets from cheap European exports?
One last thing, America is going need to start an austerity program of its own because our political leaders have spent our Country into a crisis that is going to take several years if not a decade of eliminating wasteful spending, excessive entitlements and useless programs.
With the Euro trading at $1.25 and a strong down trend in place, how can American businesses compete in EURO land, let alone defend their domestic markets from cheap European exports?
One last thing, America is going need to start an austerity program of its own because our political leaders have spent our Country into a crisis that is going to take several years if not a decade of eliminating wasteful spending, excessive entitlements and useless programs.
Posted by Bradley Fluetsch at 5/14/2010 4:20 AM 
Categories: Economics
Tags: stock retirement investment earnings dollar France gold Greece EURO Germany
Categories: Economics
Tags: stock retirement investment earnings dollar France gold Greece EURO Germany
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