MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
Macro Voices
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I'm Not Sharing the View That European and British Economy Are Collapsing
Eric Zohn: I'm not sharing the view that European and British economies are collapsing. In fact, I actually relatively positive on euro,. I'm positive on sterling and I'mpositive on stock markets and economic growth there. For me, that was actually a very strong buy signal for the pound... Fiscal expansion is actually very positive for domestic currency when it's not being accommodated by their central bank.
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