Re: Europe
The mortgage index (PMI) showed a considerable gain, and that the trend of recovery was solidly in place.. Unemployment has dropped… and inflation is inching higher…
Re: Emerging Markets
The Emerging Markets are what they are… Booms and Busts, and we are now firmly entrenched in a bust for the Emerging Markets…
But what really concerns me is the lack of Global Growth, and even more, the forecast for even slower Global Growth..
I did read on the Bloomberg this morning, that MST Capital, a Sydney based Hedge Fund, which called for the rot on the vine in China to be exposed long before most observers and analysts did, says that the rout in A$’s is approaching an end…
