Wednesday, January 19, 2011

Depression Economy Of Latvia In One Chart

While the markets are between playing the fool and cognitive dissonance, Nordea came out with their Economic Outlook today. Besides Nordic tiger economies and German Wirtschaftswunder, the chart showing the Latvian depression's adjustments is simply excellent to present the relative value.

Click on chart to enlarge, courtesy of Nordea Markets.

At the end Nomura may be right about at least US banking sector?

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