This is going to be a short post today. I want to pick up where I left off yesterday and highlight the growth dichotomy between Euroland on the one hand and the U.S. and the U.K. on the other. Yesterday I wrote that the risk is to the upside in the U.S. (and the U.K.) if anything. By that I mean that the data are generally positive and asset prices are rising briskly underpinning private sector balance sheets. The simultaneous uptick in the real economy and in asset prices will mix with accommodative monetary policy to fuel a longer upswing in the economy, the risk being asset bubbles.
Later today, I will be putting out the links with a slew of data from around the world and what it shows is a global economy in recovery mode, with the U.K. and the U.S. leading the way in developed econo...
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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.