Ignore the noise, the European recovery is underway

Ignore the noise, the European recovery is underway. Paul Moore, CIO at PM Capital, says while headlines will focus on noise the recovery in Europe is slowly underway. We try to avoid worrying about the economy. It's a waste of time, It's noise. Moore says that Europe is now looking like the US did two years ago but with a bit of a lag. We are going through that period where there is a lot of uncertainty as to whether it will get proper traction... But the reality is Europe is slowly recovering. He also adds that investors will need to remain patient as unlike the US, where decisions are made quickly, Europe effectively works like a big bureaucracy meaning things take a little longer to get done. On the recent IMF downgrade Moore says he doesn't pay any attention to the IMF reports saying their track record is poor and the data points are mostly backward looking. In this video he discusses some of the sectors where he is seeing opportunities: