Why the euro's continued decline is bad for all markets: its tight correlation to other markets,...

|By:, SA News Editor

Why the euro's continued decline is bad for all markets: its tight correlation to other markets, frequently moving in tandem with risk assets. "Europe is going into recession and the ripple effect on global growth next year is the story," Miller Tabak's Peter Boockvar says. "The only way we avoid it is if we get the Fed announcing quantitative easing and the ECB printing money in the next couple of weeks."