March 13, 2009 7:48 AM
From RGE Monitor:
The Swiss National Bank announced it would begin quantitative easing by intervening in the currency and corporate debt markets to “increase liquidity substantially”. The fear of deflation is growing in Europe. The Swiss cut their economic growth forecast from about -.75% annual to between about -2.75%, acknowledging the collapse in global demand for manufacturing. The European banks are even more leveraged than US banks. Could Europe be ground zero for the next leg of the financial crisis?
More on this topic
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Prepare for Europe – "It's Going to Be Ugly"
(Money Morning, 1/16/12)
Take Heed! How the European Crisis Could Hurt U.S. Stocks
(Wall Street Daily, 1/19/12)
Europe Freezes - Time to Invest in European Utilities?
(Top Foreign Stocks, 1/12/09)
Crisis in the Eurozone: The Reality of the European Downgrades
(Money Morning, 1/20/12)
