De-industrialization in Europe is slow, painful but relentless. The main reason for this remains in the excessive cost of energy that destroys competitiveness. Why does this happen when there is plenty of spare capacity, diversification of supply and renewables are supposed to reduce the impact of high oil price and gas? Continue reading The disastrous effect of subsidies in a few charts
Tag Archives: Macro
Front Row: Happy Days
Front Row represents the personal view of Rodrigo Rodriguez, European Head of developed cash trading for Credit Suisse.
I know some of you might be disappointed that FR is back and that this week Back Row team will take some deserved rest, however to give credit to everyone both are always a combined effort.
Unfortunately for me I think the team made a terrific effort last week, and standard is quite high now. (All that said half of the ideas were mineJ) Continue reading Front Row: Happy Days
Front Row: Here We Go Again
Front Row represents the personal view of Rodrigo Rodriguez, European Head of developed cash trading for Credit Suisse.
Here we go again, New year, similar doubts, is it the fiscal cliff or the fiscal lift ? is it the solution or just another short cut? Is this the last opportunity to buy or a great opportunity to sell? Continue reading Front Row: Here We Go Again
New Year, Old Financial Repression
This article was published in El Confidencial on Dec 21st, 2012 and in The Commentator on January, 2013
“I have seen the future and it is very much like the present, only longer.” Kehlog Albran (parody)
As every year since I started in this business, all banks and analysts expect market gains throughout the year. Global recovery and improving the economy? No, unfortunately. Continue reading New Year, Old Financial Repression