The Lehmann
Letter (SM)
The stock
market is down this morning on renewed fears regarding Europe. There will be a
runoff in the French presidential elections and the incumbent did not lead.
Will his challenger, if he wins, be as resolute in defense of the euro?
Investors appear to have their doubts.
This letter
has always been optimistic that Europe will muddle through, just as it has done
over the past 65 years. Too much is at stake and too much history points to the
road forward. This gives hope that France will take no detours and will refuse
to endanger the goal of an increasingly united Europe.
(To be fully
informed visit http://www.beyourowneconomist.com/)
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