This is the first of a few daily links posts. Here I want to concentrate on the economy in light of the manufacturing data released earlier today. I was on BNN today for the headline show at 12:30 and I said pretty much the same thing I will say here, that the uS is doing well on a relative basis. And this owes not as much to easy monetary policy because the ECB has been almost as easy as the Fed. Really, the dichotomy has been about fiscal.
In the eurozone, austerity has sucked money out of the periphery and added a negative impulse to every euro zone economy via the trade sector. In Britain, where austerity has been less severe but where trade linkages to the continent are still strong, the economy has also been weak, much less so than in Europe, however. In the US, the large continent...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.