Three quick hits

Above is a video clip of Gerry Frigon discussing the issues at the root of the problem in Europe.  

The points made will be familiar to readers of this blog, but bear repeating.  At the heart of the disagreement about the way forward for Europe is a truth which we believe is obvious, but which many evidently still don't accept, and that is that governments don't create growth through government spending and "stimulus."  For evidence from history see this previous post.  

Elsewhere in the news, here is an excellent article from Forbes publisher and writer Rich Karlgaard, entitled "Seven Reasons Why Facebook IPO was a Bust." 

Investors should carefully consider the points made in all three -- the article by Mr. Karlgaard, the previous blog post with its embedded video (be sure to watch the video), and the video above from Gerry Frigon.