The Daily Reckoning Australia » obamania http://www.dailyreckoning.com.au An independent perspective on the Australian and global investment markets Fri, 19 Mar 2010 06:14:18 +0000 http://wordpress.org/?v=2.8 en hourly 1 Europe Gets Obamania http://www.dailyreckoning.com.au/europe-gets-obamania/2008/08/01/ http://www.dailyreckoning.com.au/europe-gets-obamania/2008/08/01/#comments Fri, 01 Aug 2008 03:34:57 +0000 Bill Bonner http://www.dailyreckoning.com.au/?p=3154 *** "Big bankruptcies are piling up," says the New York Times. Mervyn's, a California retailer...Bennigan's, a restaurant chain...Semgroup, an oil services company...they've all gone belly up.

"Restaurant chains close as diners reduce spending," the New York Times elaborates. The malls are emptying out, too.

*** "OBAMANIA" they're calling it. The Europeans went wild for Obama on his recent visit. They seem to see in the Democratic candidate a refreshing change. The French call him the "Black Kennedy." The Financial Times has a cartoon showing him walking on water, to rescue French president Sarkozy and German Chancellor Merkel.

Everyone wants a young, good-looking, smooth-talking winner in the White House, and Obama looks like a winner - at least at this stage of the campaign.

Bill Bonner
for The Daily Reckoning Australia

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