The main reason why the ECB quantitative easing program has failed is that it started from a wrong diagnosis of the eurozone’s problem. That the European problem was a demand and liquidity issue, not due to years of excess. Continue reading The ECB’s Quantitative Easing Failure
Eurozone banks have fallen dramatically in the stock market despite the results of the stress tests carried out by the ECB, and the EU Banks Index is down 25% on the year despite year-long bullish recommendations from almost every broker. Continue reading The Eurozone Banks’ Trillion Timebomb
In this video from Hedgeye’s Investing Summit 2018, Keith McCullough and Daniel Lacalle discuss the eurozone slowdown, as well as the earnings season, the macroeconomic and political risks and the implications of rising fiscal imbalances in most European economies.
In this interview we comment on the extent of the eurozone bond bubble: