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Obama Takes Europe by Storm

Posted in Economy, politics by admin on the April 3rd, 2009

In what seems to almost be his trademark style, President Barack Obama is taking Europe by storm in what is his first visit as our President.  His wife, Michelle, our first lady is making an almost equally impressive impression as she meets with England’s Queen as well as normal school girls.

What is not clear is whether there is any real progress being made in a cohesive effort among the world’s leading countries to end the current recession.  Certainly the President brought enough staff to get that job done but the likelihood of accomplishing anything meaningful in such a short time frame is not probable.

Meanwhile the economy continues to show us a mixed bag.  Home sales are increasing but prices are lowering.  Unemployment continues to increase and has been recently reported as high as 8.5% but in March the stock market posted a 20% increase.  It is likely that we will continue to see a lot of volitility until all facests of our market start to move in a more unified upward trend.

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