A.M. Market Rant “The Phantom Menace of Hysteresis”

HNW’S MORNING MARKET RANT – Wednesday 28th October 2015 – Like the assumption that Europe’s labour market will somehow never spring back from its 11% employment rate reported in August, the concept of hysteresis – when you push on something that doesn’t spring back completely – has no connection to “hysteria”…except now in the hearts and minds of everyone who now believes that Europe is well and truly fucked forever.