Thursday, June 7, 2012
EUROPE’S DEBT CRISIS AND AMERICAN INVESTMENT
1:11 PM | 
Posted by
pensionfinancialservices |
Is the road
to prosperity paved with austerity?
Is hasn’t
proved necessarily so across Europe, though economists on both sides of the Atlantic—not
to mention most notably, for Americans, politicians on both sides of the Congressional
aisle---seem often to be at war on the question of whether massive spending
cuts are prudent or poisonous in the present and future financial environment.
One thing all can agree upon: what
happens in Europe doesn’t simply stay in Europe;
the credit crisis there has profound implications for American investors.
Nobel
laureate and New York Times columnist Paul Krugman (whose new book, “End This
Depression Now” may not be anyone’s idea of a sexy beach read, but is required
reading for economics junkies), for one, has called it “economic suicide” to
cut spending during a severe downturn. Others believe entirely the opposite;
that, like a household budget, when times are hard, belt-tightening cuts and budgeting
are required.
Whatever the
case, it seems undeniable that volatility in European markets can affect
American portfolios in ways that may, for example, be linked to (and
influenced) by unsettling conditions in banking, trade, high unemployment, hiring
figures, etc. Apart from the big global picture, many Americans could use more
common-sense information and less of a polemical cross-fire in formulating an
investment strategy that takes into account the European crisis.
That’s
where the experts at Pension Parameters Financial Services, Inc., come in. Whatever
your ideological stripe, whether you think austerity is a sensible or foolhardy
idea (or maybe both) in a slump or a boom, it’s always a smart idea to have us
provide you with a personalized
perspective; to go behind the headlines and tell you how your portfolio might
be impacted by events changing by the day across the ocean.
What
interests us now and always is not a political debate, but a sound plan to
protect and build your retirement nest egg.
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