Wednesday, June 1, 2011

Why is the stock market up?

   Looks like we may be in for a double dip recession.  Looking around in my part of the woods I do not see us out of the first one.  The growth is still overseas.  Don't kid yourself, that factory or old school building in town that was transformed into affordable housing will not be returning as job making factory...

Industrial group Siemens said on June 1 that it will build two billion euros ($2.8 billion) worth of trains for Russia with its local partner Sinara.
A joint venture dubbed Train Technologies is to deliver a total of 240 regional trains under a preliminary deal that has been ratified by Russian officials, a Siemens statement said.
They are to be built in Russia starting in 2013.
Siemens said it estimates investments in the Russian railway system to be worth a total of 300 (US432 billion) billion euros in the next 30 years.
                                                                                  Choo Choo.....

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