Greetings!, The sound of pins dropping The New York Times today wrote that in testimony before the House oversight committee, the United States Federal Reserve chairman and the Treasury Secretary believed that "Europe has made progress in assuring investors of the safety of the euro currency and ensuring market access for all euro zone economies." Is this type of statement a game changer? Although these statements were made by two U.S. government officials, these two are true heavyweights in terms of their ability to be heard and listened to. Moreover, the point that they make is more than realistic. In the past few months we have seen the leaders of the euro zone collectively work together to solve, at least on a short-term basis, debt and liquidity issues that Europe faced. However, there is a huge difference between a short term solution and a concrete resolution to the underlying issues that the euro zone as well as the United States face. Those issues encompass the big-picture debt crisis, which can only be addressed in the long term by revamping major monetary policies now in place by many members of the European Union as well as the United States. There is reason to pay attention to these statements and to look to see how the market reacts in the days to come. As always, wishing you good trading, Executive Producer | 
