Previous post Next post

Why this could be the bottom in Europe

We’re seeing the covid playbook rolled out on energy. During covid, businesses had to shut down but all the costs were taken on the government balance sheet. That’s when we saw the huge turnaround in markets.
The UK is signaling that it will do the same thing by capping/subsidizing energy and more countries in Europe are leaning that way as well.
Like covid, this could be a turning point.
What’s different this time is that monetary policy isn’t cooperating. In fact, it’s headed in the opposite direction. On net, that’s still good for corporations and nominal growth but the debt loads are getting too high and the relief valve is the currency.
Homepage ►
Facebook ►
Twitter ►
Full story here Are you the author?
About Forexlive
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
Previous post See more for 4.) Forex Live Next post
Tags: ,

Permanent link to this article:

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.