The European Central bank has signaled the end of its asset purchase program and a possible rate hike before 2019. After more than 2 trillion euro of purchases and zero interest rate policy, it is overdue. Continue reading The Eurozone’s Coming Debt Crisis
Category Archives: Europe
Face It, Nordic Countries Are Not Socialist
One of the most common fallacies of the new populists is to say that their model is the “Nordic” one and that those countries are successful examples of how “socialism works”. When I mentioned it to the Finnish Finance Minister Petteri Orpo at a recent ECR dinner, he could not believe it. Continue reading Face It, Nordic Countries Are Not Socialist
European Stocks. More Expensive Than You Think (Seeking Alpha)
Read the entire article here.
- We have seen the best out of Eurozone earnings, and it was poor.
- Cost of capital and risk from emerging markets is underestimated.
- Dividend yield provides no support when most is paid with higher debt or scrip dividend.
Italy, the ESB and Europe’s Populist Fantasyland
The populist coalition in Italy has presented an “economic” program and a threat to the European Union that makes Greece look like a walk in the park. Continue reading Italy, the ESB and Europe’s Populist Fantasyland