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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 and TGI. I'm have by m michy along with time keen it is seven a.m. on wall

street one p m in frankford the day after dragi and it is a very different day indeed shaking off yesterday's disappointed in the ECB or

perhaps just a more sober view of what dragi hath wrought we are seeing major market moves

today european stocks soaring. The stocks 600 up 7 points, 2.1% right now in

Germany, the DACs, 259 points higher, 2.7%. Bond yields, curves are flattening across Europe. The German 2-year

yield is now a negative 46 basis points. It was negative 57 on Tuesday and the euro still stronger

one eleven oh five but down about seven tenths of a percent from yesterday.

Here in the U.S. futures are also soaring.

S&P E-Many futures up 18 points, 9 tenths.

Dowie meaning futures up 8 tenths, 139 points,

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