The U.S. economy finally seems to be climbing out of the deep hole it entered during the global financial crisis. Unfortunately, Europe, the other epicenter of crisis, can’t say the same. Unemployment in the euro area is stalled at almost twice the U.S. level, while inflation is far below both the official target and outright deflation has become a looming risk.Investors have taken notice: European interest rates have plunged, with German long-term bonds yielding just 0.7 percent. That’s the kind of yield we used to associate with Japanese deflation, and markets are indeed signaling that they expect Europe to experience its own lost decade.
Blogs I Follow
- There was something that indeed bothered many readers of Philip Roth
- Appoline Traoré, Naky Sy Savane et Amélie Mbaye : Leur film “Frontières” à Angoulême
- You really should be watching live stream of Hawai’i lava flow for at least ten minutes
- Resilient Social Contracts and Sustaining Peace from the International Peace Institute
- Libertarians need to think more about this tendency of humans to band together and discriminate
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