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
- Urban development in Cupertino and SB 35
- My wife is good with faces, but I am pretty darn good with melodies
- Fulani arrested in Ghana over Burkina Faso ties?
- Recent reading: The Big Book of Science Fiction, edited by Ann and Jeff VanderMeer
- Production de livres du centre multimédia de Houndé au Burkina Faso
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