Europe Falling

Yes, pessimism over Europe’s prospects is high, and valuations in Europe are relatively low. But both for good reasons.

Below is another data point on how the markets are reflecting the divergence in economic performance and prospects between the US and Europe. Anticipated US inflation 5 years hence is around 2.4%, a little lower than at the start of the year when it was about 2.6%. But forward inflation in Europe is sinking fast, now at just 1.7%, down from 2.2% at the beginning of this year.

• 10 Sep, 2020

  Still Beach Reading

  It's still beach weather here in Southern California, so I have a few more suggestions for beach reading.Begin Again by ...

• 8 May, 2024

  Beach Reading

  I'm happy to go to the beach year-round, but it's now really becoming beach weather, so I have five new book suggestions ...

• 7 Aug, 2019

  No Winners

  Berry Gordy, the legendary founder of Motown Records, had a genius for spotting talent and creating stars: Mary Wells, ...