Apparently, there are two big investment opportunities right now: the Trump Rally is on and Russia is good value. I’m not convinced, though. In fact, I think it’s all a load of… alternative facts. The true value lies somewhere else.
An alternative strategy to private debt going out of control was to write off debts and re-set the economy. This was the path chosen by Iceland and has seen household debt drop as quickly as it rose prior to the crisis.
January saw the publication of the Key Economic Indicators for the Euro Area. This regular report, compiled by the European Commission’s economics and finance directorate-general, provides an excellent at-a-glance summary of the Eurozone’s economic performance. It includes figures, notes and graphs on output, private consumption, prices, the labour market etc.