Bankruptcies in Denmark –> Decline in S&P 500?

October 06, 2014
By Knowledge Leaders Team in Uncategorized

Data released today revealed a jump in both bankruptcies and forced property sales in Denmark:


Why do we care?  Mostly because of the relationship between Danish consumer confidence and the performance of the S&P 500:


Updated figures for consumer confidence won’t be released for a couple of weeks– but a rebound seems unlikely in the face of negative news releases like those we saw today.

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