One of the most common fallacies of the new populists is to say that their model is the “Nordic” one and that those countries are successful examples of how “socialism works”. When I mentioned it to the Finnish Finance Minister Petteri Orpo at a recent ECR dinner, he could not believe it. Continue reading Face It, Nordic Countries Are Not Socialist
Category Archives: Europe
European Stocks. More Expensive Than You Think (Seeking Alpha)
Read the entire article here.
- We have seen the best out of Eurozone earnings, and it was poor.
- Cost of capital and risk from emerging markets is underestimated.
- Dividend yield provides no support when most is paid with higher debt or scrip dividend.
Italy, the ESB and Europe’s Populist Fantasyland
The populist coalition in Italy has presented an “economic” program and a threat to the European Union that makes Greece look like a walk in the park. Continue reading Italy, the ESB and Europe’s Populist Fantasyland
Earnings Season. First Quarter 2018 Shows Europe Weaker
In this short video we explain what has happened with earnings in the first quarter. Continue reading Earnings Season. First Quarter 2018 Shows Europe Weaker