Posted To: MBS Commentary
As the socioeconomic fates of the world's biggest countries travel down the road of life, sometimes it's smooth sailing and sometimes there's a 17 car pile-up . The more subtle distinctions would be the periodic potty breaks, flat tire changes and refueling. Somewhere slightly farther along the spectrum of concern would be the actual breakdowns on the side of the road. Oftentimes, engines start making funny noises before such breakdowns. The current European market environment could be characterized as just starting to make those sorts of funny noises again. Keen ears heard similar (but certainly louder) noises in 2010, well before Greece spiraled out of control. This time around, France's engine is making the most disturbing noise--mainly because it's so much bigger than...(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/2krkTWx
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