Europe

Two European elections – in Germany on 24 September 2017 and Italy on 4 March 2018 – warn that the peoples of Europe are drifting apart. Much of the recent deepening of these divisions can be traced to Europe’s single currency, the euro.…

Links on the Chinese reaction to tariffs, economic problems in Italy, the dangers of monetary offset for shares, and the importance of voter turnout for the midterm US elections.

A recent literature has explored growing personal wealth inequality in countries around the world. This column explores the widening wealth gap between regions and across states in Europe. Using data going back to 1900, it shows that…

The big news today is Donald Trump's sacking of his Secretary of State Rex Tillerson. Is the confrontational path that Donald Trump is choosing a precursor to an economic shock? Irrespective, I expect elevated volatility to remain a feature…

We should look to the ECB more than the Fed now. The market has anticipated the Fed move. The ECB, SNB and BOJ moves are yet to come.

The announcement of the US intention to impose tariffs on imported steel and aluminum on national security grounds has sent ripples through the capital markets.

Political risk in Europe is centered on outcomes in Germany and Italy. First, the SPD could decide not to participate in another coalition with Merkel. And second, the 5-Star Movement won a plurality of the votes.

Fear political populism and the loss of democracy but embrace economic populism as necessary.

What will stop the dollar's sell-off is not officials.  It is not the likelihood of a Fed hike.  Rather the market will exhaust itself. 

A subordinated deal in a bank bailed out just a year ago and the currency at a three -year high underscore European investor confidence.