In this short video we comment the main events of the week.
The US has seen 18 government shutdowns since 1976 -the last one in 2013-, lasting an average of 7 days. Impact on the broad economy was -and likely will be-inexistent.
A German coalition strengthens the Euro project even if it is a weak and fragile… However, a strong Euro puts inflation expectations and earnings estimates at risk.
Daniel Lacalle is Chief Economist at Tressis, SV a PhD in Economics and author of Life In The Financial Markets, The Energy World Is Flat (Wiley) and Escape from the Central Bank Trap (BEP)