Expect deflation to take hold in Europe in the coming years.
Europe's Bail Out Fund is set to collapse.
So far only Greek FTASE Index is below March 2009 bottom.
Expect Ireland, Portugal and other countries like Spain and Italy to test March 2009 lows in coming years.
Expect UK Housing market to be under stress in the next 5 years.
Expect much more pain in the UK Commercial Real Estate sector in the coming years.
This space is set to get ugly.
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