10 January 2019 Happy New Year! I am back at work for the first time since releasing my blog in mid-December. Did I miss anything??!! In a word, it's been crazy! In September, we published our 2019 Global Strategy Outlook entitled "Turning (Even More) Defensive", in which we warned that the year ahead would be [...]
Tag: ecb
2019 Strategy: Turning (Even More) Defensive!
4 December 2018 Enjoy my 2019 Strategy Podcast. The broadcast complements and updates my September blog entitled "2019 Strategy: Turning (Even More) Defensive!" Also look at previous blogs on various country assessments and policy issues -- all found in the Archive of Recent Blogs.
Europe: Slipping Towards Recession?
25 November 2018 The European economy surged between mid-2016 and the end of last year -- expanding at an impressive 3% annual clip during this interval. This year has been quite a different story, as growth has consistently disappointed: indeed, GDP advanced a meagre 0.8% (annual rate) during the third quarter of 2018. There are [...]
Swiss Franc: More Weakness as SNB Lags ECB
4 February 2018 In the wake of the Global Financial Crisis followed by Europe's Sovereign Debt Crisis, the Swiss franc (CHF) appreciated sharply (see top Chart), reflecting its traditional role as a safe haven. Confronting considerable deflationary risks the Swiss National Bank (SNB) abandoned its policy aimed at setting a floor for the exchange rate [...]