On Wednesday, the sky was falling, and the Dow lost 389 points. Europe was killing us. Then, Greece elected an economist as Prime Minister to take the place of the third-generation professional politician. Then, Italy made real progress in passing a budget, when uber-politician Berlusconi will resign. It is widely reported his replacement will also be an economist.
With the replacement of two career politicians by economists, the stock market has recovered all its losses on Wednesday and is heading up. Maybe, there is a lesson in this that we should learn . . .
With the replacement of two career politicians by economists, the stock market has recovered all its losses on Wednesday and is heading up. Maybe, there is a lesson in this that we should learn . . .
