In this week’s Off the Cuff with Mish & Chris podcast, Chris and Mish dig into:
Europe
- Developments are happening quickly after last week’s liquidity flood.
- The US
- Will it continue to outperform in 2012?
- Forecasts for 2012
- Which factors are most likely to influence events next year?
This is *not* your typical sleepy end to the year. Market developments are happening at a fast and furious pace, especially over in Europe. This week, Mish and Chris seek to sift through all the dust in the air and predict what is going to matter most in the coming year. It’s important to note that of what could happen in 2012, the vast majority of the probable outcomes are weighted to the downside. So make sure you’re starting off the new year with a good defensive plan in place.
Europe: The recent liquidity flood from the European Central Bank (ECB) is proving to be a straight-up bailout of European banks. No surprise; that plus an abundance of other concerning data have the euro breaking down versus the US dollar this week (now below the 1.30 level). Implementation of austerity measures in many of the PIIGS countries is generating new data showing that they are heading deeper into serious recession (or arguably depression).
by estatesavr