Europe Is Booming, Except It’s Not

By |2017-11-06T19:51:30-05:00November 6th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

European GDP rose 0.6% quarter-over-quarter in Q3 2017, the eighteenth consecutive increase for the Continental (EA 19) economy. That latter result is being heralded as some sort of achievement, though the 0.6% is also to a lesser degree. The truth is that neither is meaningful, and that Europe’s economy continues toward instead the abyss. At 0.6%, that doesn’t even equal [...]