Make no mistake the EU resolution is the economic equivalent of Kruschev turning round the Russian navy heading for Cuba when the world held it's breath on the verge of nuclear armageddon. This wasn't just a dodged bullet, this was dodging a nuclear meltdown of the global financial system that would have plunged us into a depression that would make the 1920s look like Lady Gaga costume. Just as the Cold War continued for 35 years after Cuba, the EU have not solved the whole problem, it will take time, but the possibility of total annihilation is gone for good. For the 28 members of the EU to agree their favourite colour would be impressive - we are talking about countries comprised of historical regions, cities and even villages with hundreds of years of on off war to boast, so what has been achieved yesterday is little short of miraculous, against all odds. While we all breath our collective sigh of relief, investors should wake up realising we are in a bull market in the best positioned country on earth to take advantage. Time to put our money where our mouth is Australia.
