I don’t want to pooh pooh the rally we have had recently. After 3 years or so of the governments from both sides of the Atlantic trying to “manage” the economy, some of the shackles are starting to break off. Europe does not even make front page news anymore, as the Euro is making some short term highs. Mario should thank Ben. Most, if not all, of the economic data has been improving, as houses are selling, and most businesses are generating decent earnings. With the super low interest rates and giant chunks of liquidity from the Fed the US is set to grow. I don’t know what Ben is going to do with his big balance sheet, but I guess he will figure that out. One stumbling block remains, and that is level of spending by the US government. The
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