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Europe closes on the lows with the Fed's Sept. 13 QE∞ announcement looking more and more...

Europe closes on the lows with the Fed's Sept. 13 QE∞ announcement looking more and more like a key inflection point for Western equities. The Stoxx 50 is off 5.4% since its initial Pavlovian pop. Today: Stoxx 50 -0.7%, led by Spain -1%. The euro flat at $1.2866.
Comments (1)
  • You mean the key inflection point that despite trillions and trillions of $$ in aid to big banks global manufacturing continues to contract, this deal remains the largest miss-allocation of capital in history.

     

    But YUM brands reported better than expected earnings. Pizza Hut should be able to get global growth going again. What are they going to do for an encore, buy more bad mortgages off the banks books? Why? We're in a housing recovery they keep saying.
    10 Oct 2012, 12:36 PM Reply Like
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