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01 May 2012
EURO DEBACLE CONTINUOUS

The mess that is the Euro Zone continues. Now Holland does not have a government as they could not agree over new austerity measures. Spain is officially in recession, so is the UK, Italy is not far behind, France and Greece both have imminent elections where it is quite possible that governments will be elected that will not agree with the German driven budget controls. Then what?

Stock markets are off course badly affected by all of this uncertainty so if we are not going to stand aside and wait we should keep "turning the stones" to unearth the undoubted jems just waiting to sparkle at any sign of a recovery.

On the upside the US and the Far East are showing signs of a revival so if that continues it will help drag everyone else along.

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