EUROPE had better GDP than US in 2006 with the euro at 1,40 and worse/same growth with euro at 0,85
dax is following euro depreciation, but this and QE will have no effect on growth.
in this moment europe +20% YTD and US -1%
i expect US to fall at -15% YTD, then europe will also be at -15%
dax is following euro depreciation, but this and QE will have no effect on growth.
in this moment europe +20% YTD and US -1%
i expect US to fall at -15% YTD, then europe will also be at -15%
