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Category Archives: Europe recession 2013

Maybe the ECB won’t come to the rescue this October

Because of the forecast generated by the Greedometer and mini Greedometer data, I expect a spreading and accelerating global stock market crash for the balance of 2013 and 2014 (beginning in mid July). This is the 7th Greedometer sequence since year 2000. All of the previous 6 were stopped by emergency fiscal and monetary policy measures. Maybe this one will too. The Fed’s most […] Read the rest of this entry »

Why the ECB won’t come to the rescue (with printing press) this summer

There’s an undeniable growing amount of economic data -not just in the U.S- indicating  the global recession is spreading.  This despite the best efforts of central banks. Currency printing presses are running at a near-frenzy pace, yet aggregate demand seems virtually unaffected.  As I wrote 2 years ago (www.noQE3.com) QE has the reached the point of diminishing returns and has become as productive as […] Read the rest of this entry »