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Europe, Engine of Global Growth | 21 comments (21 topical, editorial, 0 hidden)
Re: Europe, Engine of Global Growth (none / 0)
Yes the law is there since a few monthes ago but no commercial I know of yet.

There's no question that prices went up in a bubble fashion, just about what will happen to consumers and the economy when they go down or flat for a while.

by Laurent GUERBY on Tue Aug 29th, 2006 at 08:36:04 AM EST
[ Parent ]
Re: Europe, Engine of Global Growth (none / 0)
And about precisely how rising property prices have fueled consumer demand only over the past 18 months...
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Aug 29th, 2006 at 10:19:15 AM EST
[ Parent ]
Re: Europe, Engine of Global Growth (none / 0)
Brad answered:


Laurent, I am not an expert on France, but Daniel Gros's work convinced me -- atm or not -- the wealth effect from rising housing prices seems well correlated with rising consumption/ domestic demand led growth and current account deficits in europe.

Now I have to look after more data :).

by Laurent GUERBY on Tue Aug 29th, 2006 at 01:48:44 PM EST
[ Parent ]

Europe, Engine of Global Growth | 21 comments (21 topical, 0 editorial, 0 hidden)
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