Europe persists in its apparent meltdown. Perhaps that's dragging down the euphoria today. Oddly, however, the Euro is up and the Dollar is getting trashed again. What does that say about what we (Obama) are doing?
Germany can't join the Eurobond mania without an amendment to its Constitution, and with overwhelming domestic opposition to it, I don't see any likelihood of it occurring. The European monetary union is almost certainly doomed, at least in its current form, and so is the Euro. Europe GDP is contracting, and I don't see any way out of this but pain.
