In the U.S., job creation is accelerating, the stocks markets are at all-time highs, and the budget deficit is shrinking.
Unfortunately, such is not the case across the pond.
The Euro area continues to wrestle with its crushing debt loads as the economy struggles to find growth.
Borrowing costs exploded higher today in
"Portugal is, if not presenting a crisis per se, reminding the world that there are issues in the Euro area," said UBS's Paul Donovan. "The Portuguese finance ministry has apparently asked if the next review of their bail out could be postponed a bit s they can sort themselves out. The review was due to start in 72 hours time."
Here's the chart from Bloomberg.com.