.. yellen is lost in the woods... my father had mentioned that yellen wants to reduce rate by 1/4 of 1%.. he compared this to a driver traveling at 25mph and suddenly shifting the automatic into reverse gear.. ..
About 6 to 9 months ago I spotted construction of large projects; shopping centers & multiple occupancy residential tower blocks (i.e., appartments or flats) here in Madrid. It is bizzare if not surreal as there are still so many empty properties here. Government and banks are sitting on many and still keeping the prices artificially inflated. Never really had a crash on the scale of what happened in Ireland. Not the same free market when it comes to propertry. Not the same transparency. Regardless, it appears they have turned the corner and property prices are once again starting to climb. Unemployment is still a disaster and wages are very low. Not sure about Italy but doughnuts perhaps can give us a report on what it is like there now...
recession never really left spain , italy , portugal , france hasnt had decent growth in more than a decade and germany is hugely reliant on china , europe is in very poor shape , comparing it to the debt crisis of 2011 or the global one of 2008 , is setting the bar very low
i dont think ireland will enter a recession but i cringe when i see all the promises being made by politicians
But what could she have said ? she said they will monitor the US & global markets - and that employment is on the rise. If stocks drop - the fed can't step in each time. were folks expecting her to say - yes we'll drop the interest rate in march. I'd say after yellen, they're all waiting on draghi to do something. Just my 2c.
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