Boost China. Bail out Spain. Save the US?
Spain's $125 billion bailout package, combined with heightened stimulus in China, may be key to the US enjoying its own modest economic growth,
Spain's $125 billion bailout package, combined with heightened stimulus in China, may be key to the US enjoying its own modest economic growth,
By Joshua M. Brown, Guest blogger
Okay I might've taken that a bit too far.
But we all agree that China getting a bit jiggier with stimulus along with Spain being pulled out of the sewer by Europe are probably going to be key to the current S&P 500 levels holding up and giving us something to build on.
Here's what you need to know in two NYT articles:
China weakness:
Spanish bailout (they're calling it the 'Spailout' which I dislike):
Frankly these are the two big fears that are keeping us from being able to enjoy our own robust 2% economic growth here in the US markets.
Let's hope an abatement of these fears takes hold.