Monday 7 May 2012

Let's shift again, like we did last summer

"Financial markets reeling after France and Greece elections"

"The French outcome was as expected. The markets have already shifted to a view that austerity on its own wasn't the right policy mix and that other things needed to be considered."
Richard Yetsenga, Head of Global Markets at ANZ Research.

"Austerity will not work to solve Europe's debt crisis. However, shifting austerity to higher earners and business will accelerate the debt crisis."
Jeff Sica, president of SICA Wealth Management

Shifting market wisdom: it's fortunate someone has such foresight and vision. No wonder the voters are so calm.