MBS Day Ahead: How Much Does Europe Still Matter Anyway?

Posted To: MBS Commentary

Remember 2011-2012? Sure there was some fun domestic stuff, like the first major debt ceiling battle, Operation Twist, and QE3, but for the most part, it was all about Europe. Heck, even 2010 had much more to do with Europe than most domestic market participants realized at first. After all, who even cares about Greece, right? How is that little country going to shake the very foundations of the global financial system? While Greece has largely moved on to the realm of manageable problems --thus commanding less of our attention--Europe in general is still fairly interesting. We haven't been talking as much about Europe of late, largely because it hasn't been as big of a market mover domestically. Part of this has to do with the fact that domestic markets have been preoccupied with the...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/1OIimOI