2020 brings with it the 10th year of recovery since the global financial crisis. Equity markets continue to break records, ample credit is available, yet the bullish performance appears cosmetic at times and investing in Europe in 2020 is fraught with political risks. The US deficit doubled from $385bn to $779bn last year, the UK […]
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Investing in Europe in 2020 – The Year Ahead
An overview of some European key themes and political risks for 2020
Europe: Did the banks cry wolf on negative rates? (Euromoney)
“As the howls of anguish at negative interest rates reach a crescendo, central bankers and prominent economists are still convinced that Europe’s financial sector would be even worse off were base rates above zero.” – by Dominic O’Neill
Switzerland Tried Negative Rates in the 1970s. It Got Very Ugly (Bloomberg)
“In the looking-glass world of negative-interest rates, the Swiss are in a special category.” – by Stephen Mihm
Switzerland Is Held Captive By Its Big Neighbor (Bloomberg)
“With the ECB set to cut rates, the Swiss will have little choice but to go even deeper into negative territory. The SNB is a price-taker, not a price-maker.” – by Marcus Ashworth