“Get back to work, Mr.Draghi…”
Not only are stock markets (and bank bonds) collapsing, so is European consumer confidence…
Eurozone consumer confidence fell more than expected in February, the first estimate by the European Commission showed Friday. Consumer confidence in the euro area fell to -8.8 in February from -6.3 in January, the Commission said. The decline was much sharper than the fall to -6.8 forecast by economists surveyed by MNI.
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Nothing that more refugees, more QE, and more negative interest rates won’t fix.
For context, it appears the Europeans are not a ‘confident’ bunch very often…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1QOcHoL Tyler Durden