Greece

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…

Two topics today: the US and the EU. Unlike Monday, when it was the politics in the EU and the economy in the US, this time, I want to talk about the politics in the US and the economy in the EU.

The investment climate is being shaped by two powerful forces.  First is the very accommodative policy stance.  In addition to the accommodative monetary policy, fiscal policy is also supportive. 

The eurozone is fully recovered from the sovereign debt crisis. And that’s been true since early in 2016. But it’s only now that big growth is kicking into high gear as the synchronized global upturn takes hold. But who are the winners and…

It is tragic that this ‘liquor and women’ quote is the discussion dominating headlines as the EU celebrates the 60th anniversary of the signing of the Treaty of Rome.

Earlier today, I was listening to an interview with IMF head Christine Lagarde dance around the issue of the unsustainability of Greece’s debt load. And she said something very telling. She said that debt haircuts were not on the table but…

Yesterday three big things happened in three different eurozone economies that I think are interrelated. And I am going to tell you what I believe they mean for the European political economy by tying them together in this post under the…

This isn't going to be a thematic post on how to profit from Europe's breakup, despite the sinister title. Instead, it’s a potpourri post - a mashup of different ideas I have right now and want to run by you to organize my thinking about…

The equity markets that have fallen the least so far are the U.S. and the Japanese markets. If my prediction that we are looking into a more difficult period in the U.S. (and the euro zone), U.S. equities look particularly vulnerable, so…

There are a lot of competing narratives going around as to why Greece is in such trouble relative to the rest of the eurozone. A lot of this centers on whether Greek fiscal profligacy or poor credit controls by foreign banks was the main…