Europe May Not Grow For A While
While some indicators (PMI, industrial production) may not work to forecast economic growth in the Euro Area, we still have one indicator we can trust, and this indicator is not giving us any good news…
Europe
Europe: Is The “Draghi Effect” Over For Stocks ?
When Draghi “saved” the Euro in July 2012, European stocks started running while the ECB was simply “monitoring” the situation, without really doing anything: is the party over ? It looks like the party is…
Italy Is Entering Deflation (Mamma Mia !)
With an annual inflation equal to 0,1%, the doors to deflation for Italy are now wide open, the Japanization of European economy is now closer Based on our calculation, we expected Italy to enter deflation…
Why There’s No Recovery in Europe in One Chart
In one simple chart, here is the main reason why we aren’t seeing any serious recovery in the Euro Area, and why there’s such a big difference between German economy and the rest of the…
Can ECB Really Save Europe ?
For years we have heard Mario Draghi repeat the same old concept: it’s not the ECB that must save Europe, but European governments; is that really true ? We have a very simple idea on…
Are European Stocks About To Enter The Bear Market ?
While some of us were distracted by US equity market, what we should actually take a look at now are the epic adventures of our beloved european stocks, are we entering the bear market ?…
Remember The Fiscal Compact ? Well, Don’t Remind Europe…
Europe is not ready for anything like the Fiscal Compact, the latest data from Eurostat are a solid evidence to this theory, will we really see the “true” austerity take over Europe or will Fiscal…
European Default ? The Market Has A Different Opinion
The decline in European CDS has been really sharp starting from the day the ECB promised a new LTRO for the end of 2014, but is this trust justified or are we seeing an excess…
Europe “Japanization” in One Chart
It’s not only a monetary problem, now Europe is dangerously walking on the path of demographic crisis, a path that has been killing Japan for 20 years in a slow and painful way (original publishing…
The Four Big Market Risks of Summer 2014
As Russ Koesterich of Blackrock points out, there are at least four big market risks (or “black swans”) that may give us some problems during Summer, let’s see them together (original publication date: 05-23-14) This…