Summary: Despite the grandiose title of this post, I intend to keep my comments brief. Having had a few days to digest the news without having to write, I come back somewhat more optimistic about the European economy. I wouldn't call myself a bull but I see the global upswing continuing through 2013 and into 2014. Below are some notes on specifics.
My recovery call is - if anything - looking too cautious. For about the last three months, I have been saying that Europe was moving toward recovery. Never did I say it was actually in recovery. So when figures came out earlier in the week indicating that Europe's economy actually expanded in Q2 I was pleasantly surprised. The numbers more than confirmed my optimism on Europe.
To take step back, here is what I have been saying from about mid-M...
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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.