Saturday, August 27, 2022

Will Europe drag us into a global recession?

It's finally happened, the euro fell below par against the US Dollar. The weakness can be attributable to a combination of Fed hawkishness and European economic weakness.



Europe is almost certainly in a recession. Consumer confidence has skidded to levels last seen during the Eurozone Crisis of 2011-2012. The questions are whether the region will drag the rest of the global economy down and the implications for asset returns.



The full post can be found here.

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