Short-term fluctuations are not that important, long-term Europe is facing four structural challenges compared with the US:

1. Demographics

2. Overregulation and bureaucracy

3. Lack of tech innovation

4. Energy dependence on others

What did I miss?

Probably nothing

Chart Alpine Macro

Thoughts?

Chart Boris Kovacevic

Just a friendly reminder for next time you hear this guy talking about inflation

Peace dividend in one chart. Something will need to give to finance higher future defense spending. What will it be?

We can probably agree that since GFC nobody is taking seriously what Larry says, but imagine the dilemma ECB is facing right now. Europe is in recession and Fed cuts are moved out. ECB has two options:

1. Crash the economy further

2. Crash funny money Euro

What will ECB do?

Dear FinTwit gold miners enthusiasts. Revenues and profits of an enterprise are not driven by the price of its product. They are driven by the amount produced/sold multiplied by the price.

Honey, I am so bored spending time with you and the kids, my hobbies suck, I will find part time job for non-economic reasons instead. What do you think Babe?

This assumes no recessions or geopolitical events for next few decades.

Japanese style financial repression is the only way out of this mess. Or what other viable options are there?