There have been a lot of people pushing back lately on some of President Trump’s trade policy proposals, stating that it will be bad for business to impose tariffs or renegotiate trade agreements. I find this amusing because that’s pretty self-explanatory. However, most of the people I hear pushing back in a public forum seem…
The Banking Crisis in Europe Continues (it never ended…)
You may have noticed in the news lately that there are a lot of concerns about Deutsche Bank (DB), Germany’s largest bank, so I thought it would be helpful to explain what all the fuss is about. Last week, Angela Merkel said that there will not be a bail out and this morning there are…
The Future of Europe
I haven’t chimed in with my two cents on Greece yet but I figured you might be wondering what I think, and more importantly, how it might affect investment markets. It’s no secret that I’ve been pretty critical of the Eurozone the past few years. A monetary union without a fiscal union just cannot work…
Why Government Bonds are the Worst Long-Term Investment
Things are heating up between Greece and the rest of Europe and time is quickly running out without a solution. There are really only two solutions: Greece either 1) leaves the Eurozone and returns to the drachma which will rapidly lose value as they once again have the ability print as much as they want,…
Why There is Trouble Ahead for the European Economy
There was an interesting chart in The Economist displaying GDP growth since 1999, the start of the Eurozone, for Western economies. From a quick glance at the chart, it appears that Germany is the impressive winner, generating over 20% change in GDP per person. Spain, Greece, Portugal and Italy don’t look so good… But…