Siegel: Expect a Major Recession in Europe

In his latest weekly commentary, Wharton Professor Jeremy Siegel opines that the failure of the ECB to adequately support European countries means that "the liquidity crisis is going to be severe and throw Europe into a major recession."

Nonetheless, Siegel believes that "nothing happening in Europe has changed my mind that equities will be the best performing asset class in the next three to five years."  Click here for Siegel's commentary.