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Bill, always enjoy your analysis (even if it sometimes runs painfully contrary to my positions) but where do you take it from that 'the same (i.e. reversing wealth effect) is happening in Europe? I mean, apart from the UK and mybe Ireland and Spain there has been no real estate boom or bubble to begin with. savings rates in Europe are rather high (much much higher than in th US anyway). So what 'wealth effect in reverse' are you talking about regarding Europe?
Aug 11 06:41 am
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All Comments by fxtrader07 »Market Doubts Setting in Again [View article]