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<\/a>\r\n <\/div>\r\n At this point, Europe is notably more exposed to this adverse dynamic than the US because:<\/p>\n
– US has stopped QE, Eur…<\/p> <\/div>\r\n <\/div>\r\n<\/div>
<\/a>\r\n <\/div>\r\n Inflation expectations and inflation are mutually reflexive<\/strong><\/p>\n If there is one phrase to sum up what we think has been happ…<\/p> <\/div>\r\n <\/div>\r\n<\/div>