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| User Info | European Dislocation On Deck; entered at 2012-05-06 22:01:37 | |||
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Daniel Posts: 40 Registered: 2010-05-06 Houston 
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Meh. I have no idea what it will take to finally finish off the sick man that is Europe, but I doubt we'll see that happen anytime soon. The powers that be will just announce another LTRO or some other cockamamie, totally unsustainable scheme and European politicians will be pacified, bond yields will fall, European stock markets will recover and things will stabilize at their current horrific levels. As far as the broader economic impact of uncertainty in Europe, let's just say I'm skeptical there will be any in 2012. U.S. equity markets have long since decoupled from unpleasant realities. Triple digit rallies predicated upon nothing are the norm rather than the exception, so just wait until collapsing fuel prices start having a positive impact on employment numbers, consumer confidence, and profit margins. 2012-05-06 22:01:37
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