News from Europe, U.S. economy re-assure markets

No Recession for U.S. as Forecasts Improve – Bloomberg.

Still there is a disconnect between Wall Street and Main Street and that is at the core of the nation’s problems.

There may be a so called “recovery” but it is not touching the immense majority of Americans.

France and Germany have agreed to support European banks but there is new tension as the write-downs from a Greek default appear to be larger than anticipated.