Tom Lindmark

Europe Is Recovering More Quickly than U.S. - Why?

Good question and I'm still trying to reason it all out. I think that the UK problems with real estate may have something to do with the fact that they are lagging. In fact, when you look further than Germany or France, you find that real estate played some part in their problems.

Though I have tended to be a critic of large social safety nets, I am changing my opinion. I think they may act very quickly as counter cyclical stabilisers and may be one of the reasons that Europe or at least some European countries are pulling out quickly.

Check my blog tomorrow for some more thoughts.
On Aug 14 10:12 PM Joel87 wrote:

> Well seeing as the U.S was "ground zero" for the explosion of the
> subprime debt bubble, the fact that it would take a little longer
> to "clear the rubble" does make sense, the UK was up to it's neck
> in U.S and its own subprime mess also.
>
> Now if your arguement, or Blodget's, is the social saftey net Europe
> provides for it's citizens helped the economies of France and Germany
> see growth in the last quater. Why hasn't other members of the EU
> bounced back als including Great Britain?

High Oil Prices Dampen Dollar Sentiment - and BBQ Parties

Hey VWinner,
Let's keep the corporate promotion off the discussion boards.

Grace,
Pretty good short article. Question for you. It looks as if based only on one months data that Americans are starting to drive less and cut their fuel expenditures. Any thoughts on how this might impact things?