Wednesday, April 11, 2007

SOCIALIST EUROPE

BushBots often disparage "socialist Europe" but the business environment can't be all that bad.

(Via NewHounds)

Anguish on Wall Street as European stock markets push US off pole position
By Stephen Foley in New York
Published: 04 April 2007

The value of European stock markets has eclipsed that of the US.

The moment slipped past unnoticed last Thursday, but make no mistake, it was a historic occasion. Totting up the value of all the companies on the 24 stock markets of Europe, from west to east and taking in Russia and Turkey, you get $15.73 trillion. That's a nudge ahead of the total of US-listed companies, and you probably can't have said that since the end of the First World War.

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