Capital Market Expectation 1

[Tincup1]

Hello WRT to exhibit 3. I believe Ireland is the right candidate for the Equity market. But as per CFA it is Hungary.

	Ireland	Spain	Hungary
Output gap	Above trend	Closing	Well above trend
Money market rates	Moving up at accelerated pace	Above average and rising	Bottoming, expecting to rise over short horizon
Other	Housing demand strong	Boom mentality	Confidence rising
Fiscal/monetary policies	Removing stimulus	Restrictive	Stimulative

[ayodot123]

What is the question?

[guest]

Show your work!
Where do you disagree with CFAI?
(i) What stage of the business cycle are these countries in?
(ii) Which stage of the business cycle is better for the equity market?