Last year, I was bullish on European shares and this proved the right call as they modestly outperformed. As this year begins, I am doing a lot of thinking about my much-delayed "Ten Surprises for 2011" post. And as I compile list items, it's clear I want to be bullish again, this time both on the economy and global markets. But there are a few things holding me back.
Politics is the only thing holding me back on the economic front, frankly. If you look at Ireland, Britain and the US, three of the four big housing bubble markets, house prices have levelled off and are showing modest gains in many respects. Only Spain lags here. And clearly, this has everything to do with politics. The post on the eurozone crisis yesterday showed how much the politics of austerity has affected growth traje...
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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.