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.

• 31 Dec, 2018

  Book Wrap

  Time for my semi-annual book perspective. I read a lot of books, but truthfully, most of them I move through pretty ...

• 17 Oct, 2016

  What I Learned While Atoning

  Twenty-four hours without food or drink is supposed to help focus the mind on the task at hand: atoning for the sins of ...

• 4 Nov, 2014

  US Manufacturing

  Wow. The good people at the Institute for Supply Management survey American manufacturers every month and ask, "how's ...