The problem with Europe is rather simple. It is run by lawyers who have no clue about how the economy functions. They believe they need only write a law an shazam – the economy will do whatever they command. Once the Bunds broken through the 15620 level, the crash began to move down rapidly to the next Weekly Bearish and the first Monthly Bearish Reversals since there was nothing showing as support between the 150 and 156 levels.
This post was published at Armstrong Economics on May 8, 2015.
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