Thursday was such a great day and the markets cheered endlessly as if the world is suddenly saved. With the DJIA having gone back over 12,000 and with the freshest economic data showing a less-bad economy than expected, we published ten reasons the U.S. may have avoided the double-dip recession. But… We have been digging around for more and more details about the Eurozone EFSF and the backstop fund to determine if this effort is truly “fixed.” So, here is what we ask you in an anonymous poll (down below) if you are financially savvy about economics, trends, and markets: IS EUROPE NOW FREE AND CLEAR, OR ARE THE PROBLEMS GOING TO MOUNT FURTHER?
In our poll below we have no undecided options this time. We just want the ”decided” opinions today.
There are some articles which are critical of the deal, but we just really want to know what you think. Here are some quick widely spread articles if you wish to read before the poll at the bottom:
- The Economist wrote about the rescue plan: summit was supposed to put an end to the euro crisis. It hasn’t!
- A Dow Jones story on NASDAQ.com noted that Germany’s highest court has “halted the use of a special parliamentary sub-committee to decide over euro-zone bailouts” as another obstacle.
- The Daily Capitalist issued a brief guide to the crisis on Thursday and noted as the first point “It isn’t over.”
- Reuters offers a skeptical view as well.
JON C. OGG