Hollande is Wrong – the Euro crisis isn’t Over as French Housing Tanks

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Hollande is Wrong – the Euro crisis isn’t Over as French Housing Tanks

IceCap Asset Management letter for June is out. See IceCap Asset Management Letter from May 2013 here (Bernanke’s Frankenstein Is The Stock Market Bubble). The firm covers a variety of topics but their analysis of France is particularly interesting. French President Hollande stated that the Euro crisis is over, but as IceCap notes this seems highly unlikely especially when looking at a chart of French imports and housing prices in the country. Below is a brief excerpt followed by the full report embedded in scribd.

H/T ZeroHedge

Hollande is Wrong – the Euro crisis isn't Over as French Housing Tanks

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