Europe Falling

Yes, pessimism over Europe’s prospects is high, and valuations in Europe are relatively low. But both for good reasons.

Below is another data point on how the markets are reflecting the divergence in economic performance and prospects between the US and Europe. Anticipated US inflation 5 years hence is around 2.4%, a little lower than at the start of the year when it was about 2.6%. But forward inflation in Europe is sinking fast, now at just 1.7%, down from 2.2% at the beginning of this year.

• 19 Nov, 2015

  Fairy Tales

  The technology bubble of the late 1990s is a distant memory for most investors, and an ignorance for the rest. But back ...

• 28 Nov, 2016

  Shock, Part 2 (The Asset Allocator's Dilemma)

  In Shock (Part 1) (http://blog.angelesadvisors.com/2016/11/shock-part-1/), we looked at a possible Trump economic agenda ...

• 20 Dec, 2017

  (Not) Recommended Reading

  I dont like recommended lists. They turn experiences into a contest (and the winner is), and one reviewers preferences ...