The recent dip in Eurozone stock markets is a relief from recent inflated prices. Yet it doesn’t necessarily mean that it’s the right time to buy.
Making sure we have enough money to live well after you finish work is a complicated task. That’s because we’re dealing with several uncertain variables – or known unknowns as American politics’ original Don, Donald Rumsfeld, might put it.
I was serious last week when I told CNBC’s Stephen Sedgwick that we are in a really scary, over-priced asset market and that the best thing the Fed could do for the US and world economy would be to raise interest rates to 10% and allow the biggest implosion of asset prices in history to force deleveraging.
I recently came across the excellent article written by Prof. Richard Werner on the error the European Central Bank is making in the type of quantitative easing it has chosen to implement.