Thestudy, released on this year'sofficiallift-share day, alsorevealed that drivers arecutting back on journeysandexpenditureas the price of fuelcontinues toclimb.
And even with those countries in the emergency ward - like Greece and Portugal - how will they climb back to financial health whilst they are cutting spending in the midst of a recession?
First, it would change the widespread market perception that the Fed responds to asset prices asymmetrically, cutting interest rates if share prices fall sharply but never raising them when share prices climb.