European leaders seem to be taking the market pressures seriously. They are taking steps to contain the Greek debt crisis and re-capitalize the banks.
Meanwhile, economic numbers in the US are surprising to the upside, indicating that we are not entering a double dip recession. We continue to see an economy that is transitioning from public sector stimulus to private sector demand. Ray Kerzerho’s latest Economic Pulse speaks to the accommodative conditions that continue to exist for US business and provides some interesting historical context to the discussion.
Enjoy the read!
Tony & Peter