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One Day, Things Will Turn Around For Germany – That Day Isn’t Today
On Wednesday in, "Horrible Slump In European Auto Market And Grievous Cut To German Growth Outlook Are Things That Don’t Matter, Yes?", we talked at length about the rather glaring discrepancy between a series of dour economic data points and the blistering rally in the European autos and parts index.
Europe has been on the frontlines of the global economic deceleration and Germany's current malaise presents a clear and present danger, not just to the bloc, but to the rest of the world - alth
Replace Germany and put the U.S.A and it would be much more accurate title and opening paragraph…
Looks like the market just doesn’t care…EWG is +13.7% YTD…