Look your economies are going to implode. And the retirees are going to support the government to find taxes where ever they can.
Hey I am European, no problems over here.
Oh no? You've got
three these albatrosses round your neck, Italy, Greece and Spain....
Cyprus, Ireland, UK, France, Germany etc.........And when did the Euro turn down recently?
You ignore Armstrong's model at your peril.
I should keep an eye out for the possibility that Europe could bounce until 2014.675. I need to search for facts that can tell me how long this bounce is likely to last. I don't want to be too early again, as I was on China last July 2012.
As I've been expecting, looks like we will get that a deadcat bounce in capital fleeing Europe and developing markets into the USA, which may put a temporarily top on the USA equities. Safe haven bond yields in Europe are increasing (exodus from safe havens) and US Treasury yields are declining (from recent dramatic rise) which is a combination of capital coming out of USA equities taking a breather, capital coming out of safe haven European bonds, and lower PPI placing doubt on Fed's Sept. taper.
...
Remember on Exter's Inverted Pyramid, that US federal reserve notes are at the bottom just above gold. Patience goldbugs, patience...