Browsing Tag

Germany

Ever closer union and euroscepticism

I haven't written about Brexit in months now, largely because it has become so unpredictable that I have had nothing to say. After we saw the delay that I predicted in December, the whole affair has just had too many moving parts to know…

The awful news coming out of Germany

Yesterday, I highlighted Germany in terms of downside global economic risk. We are experiencing a manufacturing- and trade-led deceleration in global growth. Germany is the most prominent large Western economy leveraged to both.

Dreams of a Second Half Recovery

As I write this, Washington is fixated on the congressional testimony of Robert Mueller. My attention is elsewhere though. For me, it's the economy that matters. Over the past two weeks, we have had a "recession watch" on Real Vision,…

The Best of Times

Yesterday, in the US, the S&P 500 and the Nasdaq indices hit record highs. And the Dow Jones Industrial Average is not far behind. Financial markets are doing well. In the real economy, for weeks now I have suggested that the signs of…

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