Europe, Economic Reality, Markets, Magical Thinking

Markets Are Making a Sucker's Bet on Europe - Bloomberg View: ".... further ECB actions, on their own, will prove insufficient to decisively change the euro area’s economic situation. So financial markets are really betting on is: 1) a better regional policy response to the fundamental causes of the muted recovery and 2) an easing of geo-political tensions surrounding Russia. Unfortunately, there is little to suggest that either of these will materialize, let alone the two together."

Not a good combination: Europe, Economic Reality, Markets, Magical Thinking

Follow @johnmpoole