Austerity Burnout?

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Services for Real Estate Pros with Bowden's Market Barometer

 

The election of new heads of government in both France and Greece suggests a majority of voters weary of austerity measures that have so far failed to pull Europe’s fat out of the fire. Britain’s Conservative-led coalition was also battered recently as local voters favored the opposition Labour Party, a proponent of growth.  Prime Minister David Cameron recently opined: “When people think about the economy they don’t see it through the dry numbers of the deficit figures, trade balances or inflation forecasts – but instead the things that make the difference between a life that’s worth living and a daily grind that drags them down.” 

 

So, is austerity out of vogue?  Here in the US, it’s been questionable for some time now, as affluent Americans appear to be “back to basics” buoying travel and premium brand consumption. But based on the Spring 2012 Affluent Market Tracking Study . . . (read more)

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