Informative Links for June 19, 2012
Europe Crisis Imperils U.S. Sales From Chemicals to PCs – Bloomberg “‘The decline in Europe will weaken our exports over the long term,’ said Michelle Meyer, a senior U.S. economist at Bank of America Corp. in New York. ‘We look for the trade deficit to widen not only to the euro zone but developing economies as well,’ she said, consistent with their forecast that the U.S. economy will slow to just 1 percent growth by year-end from the 1.9 percent annual pace in the first quarter.”
‘Modern-Day Nostradamus’ Warns U.S. of Doom – WND News “At a time of skyrocketing federal debt, declining morality and growing spiritual apathy and apostasy, New York Times bestselling author Joel C. Rosenberg – known as a ‘modern-day Nostradamus’ – says America may face cataclysmic collapse in the not-too distant future. The ice is cracking under our feet”
French Socialists Eye Tax Rises after Big Poll Win – Reuters “France’s Socialists vowed on Monday to use a resounding victory in weekend parliamentary elections to pursue President Francois Hollande’s drive for growth in Europe while sticking to promises to cut the budget deficit, mostly through taxation increases.”
The Greek Vote, Germany Bashing And The Forgotten Reforms – Forbes “Sunday’s votes took place against the drumbeat of blaming Germany for all that ails the Euro zone. If only the miserly, self-centered Germans would lend a helping hand to their deserving neighbors, all these troubles would go away. The blame-Germany narrative gives the weak European countries an excuse for not taking tough action, and the facts show that Germany’s stingy reputation is undeserved.”
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