More from the Irish Times on the ESRI warnings regarding growth in Europe for 2012.
There is nothing but bad news coming out of Europe yet the EUR is holding up reasonably well. I cannot imagine that we get a prolonged consolidation inside tight ranges so either the bears lose their patience and we get a major short-squeeze OR the news becomes so bad that the floodgates eventually open and the EUR gets smashed. I honestly have no idea which happens first but I think the break-trader’s time is coming.
