The economic recovery in the euro area has reduced near-term pandemic-related risks to financial stability, the November 2021 Financial Stability Review (FSR) published today by the European Central Bank (ECB) concludes.
‘Financial market measures of inflation expectations suggest that the near-term strength in inflation is expected to be transitory.’ Much as many economists and the Fed in the U.S. have suggested.
This March, Jamie Dimon, CEO of JPMorgan, said in an interview with Bloomberg that “There’s a very good chance you’re going to have a gangbusters economy for the rest of this year and easily into 2022.”
Just over a year ago, Trump was talking about reaching some kind of understanding with China when we covered a story about his time at Davos. This week we saw the U.S., the EU, Canada and the UK sanction China for alleged human rights abuses. Things have definitely taken a dramatic turn.