More on growth in Euroland, the U.S. and the U.K.

This is going to be a short post today. I want to pick up where I left off yesterday and highlight the growth dichotomy between Euroland on the one hand and the U.S. and the U.K. on the other. Yesterday I wrote that the risk is to the upside in the U.S. (and the U.K.) if anything. By that I mean that the data are generally positive and asset prices are rising briskly underpinning private sector balance sheets. The simultaneous uptick in the real economy and in asset prices will mix with accommod...

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