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Europe In One Chart
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 04/26/2013 19:14 -0400
How much is the ‘promise’ of a European Central Banker worth? As European macro data in the last month has plunged at its fastest rate in 6 years, equity markets have, of course soared back to near multi-year highs (EuroStoxx 600 up 5% in the last week alone). We only hope that the equity markets really do know something different this time – as opposed to the last two times we saw this kind of disconnect. The answer - Draghi’s ‘whatever it takes’ promise is maintaining a 30% illusion of wealth in European equities over their macro reality.
Thanks to BrotherJohnF
2013-04-26 23:16:55
Source: http://silveristhenew.com/2013/04/26/europe-in-one-chart-2/
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