The world Europe confronts is changing rapidly. On the hand, the United States is becoming widely viewed as an indispensible, but unreliable ally. Equally importantly, the global economy appears to be entering an era of rapid technological change for which Europe is not fully prepared. To be sure, the region enjoys an enviable economic model; [...]
Tag: euro
Trump 2.0 Tariffs: Everyone Loses
Until now, financial markets have adopted a complacent "wait and see" approach when considering the prospects for the Trump 2.0 trade policy. However, the hope the new Administration's bark would be worse than its bite has been dashed with the imposition of high tariffs on the nation's three largest trading partners. Markets should now contemplate [...]
Spain: Convergence — Finishing the Job!
30 June 2023 I love Spain: the food, wine, sun, landscape, art, architecture, and the unmistakable roar of happy people cascading into the streeets from busy bodegas! Indeed, I just returned from trendy Valencia where the post-Covid atmosphere is bouyant. The 1992 Maastricht treaty -- outlining a path towards the introduction of the Euro in [...]
European Markets: Intact or In Tatters?
12 May 2022 In my 2022 Strategy blog entitled "Avoiding Stagflation?" (published 1 December 2021), I suggested global financial market volatility was poised to rise, and equity and bond returns would be negative. On a relative basis, however, I made the case for an outperformance of European markets. Much has happened during the past six [...]