Wednesday, November 9, 2011


The Lehmann Letter (SM)

The stock market is down 2% today because of the Italian crisis. How matters will be resolved remains to be seen.

But readers of this letter know that its author remains upbeat. Europe has faced many crises over the past 65 years and emerged stronger with each. Step-by-step Europe has knit itself into a powerful and successful economic entity. Challenges remain, and Europe will meet them. Europe will emerge stronger from this challenge just as it has from past challenges.

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© 2011 Michael B. Lehmann

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