Could Europe ever become the biggest market?

[FilaBrasileiro]

bigjon said:

Gazz said:
With the US rapidly falling into a nation wide recession and even heading for a possible depression, Europe could even become the biggest market within months.

Economic foresights for Europe are by far better then those of the US, and with numbers increasing on one side and numbers decreasing on the other things couls change rapidly.

If creditcard companies become more critical of their customers and start lowering credit for it's customers (already happening), the luxury items market will be hit the hardest with the 360 as the prime victim.

The economy is not THAT bad right now, really I think it is a perception caused by high gas prices, rising national debt(most serious), and the ongoing war in Iraq. Basically the economy is slow, but not terrible, most of the problem is Psycological.

 The amount of money that I lost on stocks and investments in the past 3-4 months certainly has had a psychological effect on me.