Germany, France Emerge from Recession

[Toro]

Both Germany and France recorded positive growth in the second quarter.

Germany and France have escaped from recession surprisingly quickly, outpacing the U.S. in returning to growth thanks in part to government stimulus efforts and consumer spending.

Germany, Europe's biggest economy, grew at an annualized pace of 1.3% in the second quarter, while France, the region's second-biggest economy, expanded at an annualized rate of 1.4%. Both countries recorded contractions for the previous four quarters, and bounced back earlier than other advanced economies including the U.S. and the U.K.

Europe Recovers as U.S. Lags - WSJ.com

It is likely the US will soon follow.

 

[Neubarth]

Indeed, most of my younger friends who fancy themselves to be budding millionaires maintain that Germany and France rocketing out of recession means we will follow within a week or two. Not one of them think that Price to Earnings has any value in investing today.

"That is an old concept." they say. If enough of them believe that, then they are right.