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I'm not sure that I agree that there are signs in Europe of economic strength.

There are signs in the United States, perhaps.

There's no free lunch. You can't have higher wages and maintain

profit margins and keep low inflation. The economy has not been very evenly

distributed and the people left behind have been really more or less the middle class and lower

middle class people.

Bloomberg surveillance, your link to the world of economics, finance and investment on Bloomberg Radio.

Good morning everyone.

Bloomberg Savannah, we welcome you worldwide on economics finance investment,

on international relations and moments on international investment. David Harrow, one of our most popular

guests who will join us, Michael McKee and Tom Keene, in Europe, Bloomberg Radio Plus,

Bloomberg.com worldwide.

Bloomberg 1,200 Boston, 991 FM, Washington.

Mike, did they get snow in Washington?

I don't think so.

No snow in Washington.

...