Intel Slava Z
🇪🇺🇺🇸 The picture that's emerging from both sides of the Atlantic: a resilient US and slowing Europe. Real retail sales in the US (black) remain near their post-COVID highs, while retail sales volumes for Germany (blue) tanked towards the end of 2022. Euro…
🇪🇺💵 Euro has resumed its fall to parity. This fixes one of the bigger mispricings in global markets. Euro should never have risen the way it did. Markets wrongly priced a mild winter and absence of energy shortages as a sign that Europe's energy shock is over. The shock is ongoing...
- Robin Brooks
- Robin Brooks