Last time I posted something optimistic about the economy, let’s check the bad-case scenario, courtesy of Dr.Doom:
An Economist Who Called the 2008 Crash Says We’re In for a Long Depression
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Be the first to commentIn 1976 Jean Monet famously said that “Europe will be forged in crises and will be the sum of the solutions adopted for those crises.”
In 2001, Romano Prodi, the then EU commission president, said “I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created”.
EU is in a deep crisis, and not just economic crisis that needs quick medicine. EU leaders’ failure of confront the reality is disappointing. It’s time to brush their differences aside and fix Europe.
Macro Focus - June 2020
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Consumption in the Baltic countries is recovering quite rapidly, albeit unevenly.
https://www.swedbank-research.com/obqwrj/english/macro_focus/2020/20-06-12/_consumer_spending_observer_in_the_baltics/consumer_spending_observer_06.12.pdf
Nerijus MačiulisEconomist, investor, teacher, runner, diver.
Justinas, yes. Swedbank’s market share across Baltic countries allows to make this kind of generalization.
Why are stocks doing well? It’s a mystery!
Why are stocks doing well? - TheMoneyIllusion
