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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Europe's economic woes are washing over U.S. multinational companies, contributing to a season of weak corporate earnings.
Domestic sales are growing, as the U.S. housing market and consumer confidence recover. But China's economy has slowed, robbing U.S. companies of their most reliable growth engine of recent years.
Almost uniformly, however, U.S. companies reporting third-quarter results identify Europe as the weakest link in the global economic chain.
Read it all.
Filed under: * Culture-Watch Globalization * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Euro European Central Bank The Banking System/Sector The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- * International News & Commentary America/U.S.A. Europe --European Sovereign Debt Crisis of 2010
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