The Future Is Not Bright For Europe

In the following months, there’s not a single indicator pointing at a recovery in the Euro Area economy, and investor sentiment is crashing

European financial markets surely look way healthier than its rotten “real” economy, and yet investor sentiment is dangerously falling apart:

We should see a recovery in this index (and thus in “real” economy as well, even though in a weaker way) only in 2015, but if the tLTRO plan will not work, then 2015 may not be the year of the recovery yet.

Let’s just all agree on a statement: European economy is looking really, really miserable (and “miserable” is probably even worse than “bad”).