Tuesday, August 18, 2009
German investor confidence up sharply in August
"The ZEW Center for Economic Research in Mannheim said its monthly index, which measures investors' outlook for the next six months, rose to 56.1 points in August from 39.5 points in July -- well above the historical average of 26.5 points."
Amazing what a few hundred billion from the Fed can do!
Now, if only we stop handing out these gifts and do something for ourselves here in America, where consumer confidence is back on the decline.
The Obama Administration wants to be friends so badly to the rest of the world that it has put that ahead of being a friend to the average working American who still is out of work and suffering from the worst economic downturn since the Great Depression!