The global cyclical recovery will continue

Summary: Three articles in this Wednesday and Thursday's Wall Street Journal highlighted that data point to a continued cyclical recovery despite a lot of doom and gloom from all sides. Let me post extracts from those articles I would like to highlight and make a few comments of my own.

Europe Heads Toward Recovery, but Slowly

Europe's longest recession since World War II appears to be on the verge of ending, driven by a surge in German growth that is helping to blunt the severe economic p...

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