European Ponzi Is Perpetuated: Greece Sells Bills, German Sentiment Dips

"European Ponzi Is Perpetuated: Greece Sells Bills, German Sentiment Dips"

       In late October, a forward looking survey by market research group GfK indicated that German consumer morale was at its highest level since October of 2007. The reason: a positive outlook for the jobs market and incomes. On October 30 the German Federal Labor Agency reported that the number of jobless Germans rose 20,000 in October, twice the amount forecast by economists. At the time, I said the following about what that report could mean for the psyche of the ...click here to read the full article on SeekingAlpha


 

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