User 143167

Dollar Doldrums Will Soon Be History - Barron's

Not like in the US, the inflation can kill the European economies as much as any economic downturn does. Cause you can fire no one there and the labor unions will kick the owners' (shareholders') ass over and over again if inflation keeps rising. That is the beauty of socalism.
Also it is an illusion to believe a housing bubble bursting can be reverted by cutting rates. See what has happened in the US, the mortgage rates sit at the almost the same level, if not higher, after 300bps cut in the Fed funds.