QE in Europe— the European sovereign debt situation It is not surprising that Europe’s short embrace of austerity has been unsuccessful. There is never a choice for austerity until all other alternatives have been exhausted. History is replete with examples. Why don’t some of these stock market commentators read some global economic history? It is obvious now and has always been obvious that Europe will go for QE. It does not matter what they say about austerity. We have been advising investors to watch what they do. They are bailing out Ireland; Portugal is right behind and . . .
Continue Reading: JUST A FEW POINTS BEFORE THIS HOLIDAY WEEK.
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