La crisi dei debiti sovrani in Europa potrebbe ritornare, a causa della insufficienza dei meccanismi di stabilizzazione e salvataggio (ESM). E’ troppo lenta la progressione dell’unione fiscale e il Parlamento, che pure ha studiato una proposta di assicurazione contro la disoccupazione, è ancora sovrastato dai Governi.
Other countries QE experiences had a mixed success. In the United States, as well as in UK and Japan the QE did not create enough jobs and the credit stimulus to the real economy was poor. The eurozone can avoid the same mistake by accompanying QE with the Project Bonds.
FOREX: Updated forecast based on an artificial neural network: the exchange rate euro / dollar is expected to fall. Target Rate at 15 weeks 1.27
Governments spent money of future generations and that they didn’t have. Central Bankers printed a lot of money to refinance them. When the crisis will end, please, expect some inflation. Probably a lot.
The spread between the SP500 and the Eurostoxx stock indexes has been a winnning bet in the past four year. It could mantain the same trend as the american economy is improving while Europe will stagnate or contract in 2012
The labour market is finally moving better in USA than in Europe. In 2012 the economy will recover in USA and will stagnate or contract in Europe, due to the unsolved credit crisis and europolicy mistakes