Sellers will sometimes put a sale on the backburner if they think the market has reached its nadir and a recovery is round the corner."
Conversely, if they think the economy will drag along the bottom for a while yet then they won’t delay – unless of course these sellers are happy to wait a few more years.
The Eurozone
An enduring resolution to the Eurozone debt crisis seems a long way away, with the Germans and French irreconcilable on the fundamental point of guaranteeing the debts of the stricken PIIGS (Portugal, Ireland, Italy, Greece, Spain) nations.
And many commentators are saying it’s a case of when, not if, the euro collapses. If the single currency collapses in a disorderly fashion then the prospects for the global economy are bleak indeed.
Furthermore, financial retrenchment across the developed world is putting the brakes on even China’s previously runaway growth.
'via Blog this'
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