An article in today's Barron's, "Trickle Down Economics," paints a fairly bleak picture for China and the EU.
Citing a just-released study from Stratefor, a geopolitical research firm, the article claims unemployment in periphery EU is now around 27%, even higher than that of the 1930s Depression era. In short, there's much trouble in what once was thought to be the brainchild of EU economic paradise.
Bad news: Serious defaults in EU just ahead and a more repressive dictatorship in China.
Good news: US may be beneficiary.
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THE SHILL FACTOR
Webster's defines shill as someone who poses as a customer to influence others to participate in an activity.
When Big Ben Bernanke mid-week rolled out his financial boomerang act, letting God and everyone else know QE's imminent demise has been greatly exaggerated, most major stock indices did a 180 and turned skyward.
And the US greenback, Treasury yields, emerging market equities and even gold turned upward. Some analyst say the move is for real, others aren't buying the turn around. So, to borrow an over-used line from one media popular blowhard: What say you? It's only your money.
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