Market Reviews

They say in Europe people don’t have more money

According to the latest data, in the Eurozone, the automotive market added +17% in July. This is the twelfth consecutive month of sales growth. “Who are they selling to?” – you ask. Everything is obvious here, and everyone is well aware that the largest sales market is under sanctions, while China has its own. It turns out that people have nothing to pay for electricity and gas, but expensive insurance and expensive gasoline are not a problem. There is no doubt that economic news is being manipulated, as in the 2007 American mortgage crisis, when expensive loans were given out to buy real estate, and all this led to the collapse of the financial system. I would like to ask if the current economic situation still has common sense? Undoubtedly, such data will have a positive effect on the growth of the Euro and inflows into European stocks, but we must not forget that “winter is coming.”