The news flow over the Thanksgiving weekend and starting this week has been positive. I believe the data support continued global recovery, even in Europe where the data have been the weakest as the latest batch of economic data show Europe’s recovery gaining some steam. In Britain and North America, the question is asset bubbles.
My view for half a year now is that Europe was moving into a cyclical recovery that, given Europe’s economic laggard position, meant the global reflation trade has been successful. And while Europe still remains vulnerable to an exogenous shock, I believe we have finally fully left the fist phase of economic crisis behind. This morning, we saw a raft of manufacturing data out of Europe for November. The numbers were up nearly across the boa...
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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.