This is just a daily piece putting together the overriding theme I have extracted from today's news. But I think the theme here - bailout fatigue -will be significant going forward.
I have said it in the past, but it bears repeating now in view of poor German economic data, as difficult as the austerity/bailout dance has been , it will become even more difficult in a downturn which affects Germany and other core countries. The news today was from Markit showing the German Flash PMI was below ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.