ECB’s Lagarde Fails To Explain Why EU Falls Behind
Although the central bank president makes some salient points, they do not add up to the really big reason why Europe keeps falling economically behind America.
Although the central bank president makes some salient points, they do not add up to the really big reason why Europe keeps falling economically behind America.
As the economic elite comes to Washington for the IMF-World Bank meetings, they cry about Trump’s idea for trade tariffs. Frankly, they have no idea what they are talking about.
Most EU countries have made impressive strides in returning to price stability. So why is Belgium going against the tide?
The ECB is on a mission to return the euro zone to low interest rates. For three reasons, I am stubbornly opposed to this.
Anyone looking for a parody of fiscal policy needs to look no further than France. The French government has been in breach of the EU’s
The Federal Reserve’s motive was more dramatic than the media will tell us. They basically had no choice but to ‘go big.’
While Europe as a whole is in economic stagnation, some countries are bright spots that defy that trend.
Central banks returning us to very low interest rates could encourage more government debt, risking another inflation episode.
There is a significant risk that the emerging trend of lower interest rates will put us right back where we started just before the recent inflation episode.
As the Federal Reserve readies its first rate cut since the inflation spike, it joins the ECB in facing an economic slowdown with persistent, elevated inflation rates.
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