Europe

Happy Wednesday. From what I can discern, the macro outlook is largely unchanged today. So, I thought I'd take a stab at presenting the news flow that most grabs my attention to put it in context for you. The framing here is that we…

This is going to be a relatively short post (I hope). My aim is just to bring together all of the thinking from my recent posts into one shorter narrative. And I'm hoping I can do that successfully here. So, here goes Pre-lockdown economy…

As this is a finance site, I have tended to steer clear of writing about what's happening with the novel coronavirus. But, that's hard to do since it is the single most important factor in all of our lives. So, I'm going to give you an…

We have started an experiment at Real Vision on our Daily Briefing where we have guest commentators more often. Our usual European commentator, Roger Hirst, is out for two weeks. And so we thought it would be a good opportunity to mix…

In yesterday's post, I was mostly upbeat about near-term economic outcomes. The overall gist was that we are going to see a snapback recovery soon that makes this the shortest recession on record. But, the snapback won't get us to anywhere…

It's easy to get pessimistic, looking at the economic outlook from the US, which has been a laggard during the coronavirus pandemic. The United States has a ways to go before a semblance of economic normalcy returns. But I have been…

At the weekend, I noticed that the Italian Prime Minister Giuseppe Conte was still touting so-called coronabonds to deal with the devastating impact of this pandemic on Spain and Italy. For some northern European policy makers, this is a…

Twelve years I have been at this for 12 years now. It seems remarkable that I have been writing this site, Credit Writedowns, for that long because I can remember the early days like they were yesterday. I was thinking about this fact -…

There are a lot of bearish views out there, suggesting recession is just around the corner. Frankly, I don’t see it.

Everybody's talking about this video of G-7 leaders laughing at US President Donald Trump during the recent NATO summit. While most people are just giggling about it, I think it reflects a much deeper issue. Take a look. .@JustinTrudeau,…