Europe Crushed

On one side of the pond charges the Keynsians, the other side Austrian Monetarists, investors want the free cash flow spent on buybacks and dividends, policy makers want new factory’s and corporations stuck with their hands in their pockets. Is it no surprise that the global growth profile is stumbling and now after many months of willful blindness, euro markets have started a worrying decline which no doubt will pull our NA markets down as well. I think very soon, maybe this week, the US Fed will have to announce a Q3 of sorts…


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