🤔🤦♂️ Here we can see how real retail sales have evolved in different regions over the past few years. Once again, the big surprise is that while things are going full steam ahead in the United States, Europe (especially the Eurozone) seems to have completely lost its way. The policies coming out of Brussels and the various governments of the Eurozone are severely impacting economic activity and the standard of living for Europeans. To make matters worse, in recent days they've lowered the growth forecast for next year to a dismal 1.2%. Not exactly good news.
The difference with the United States is almost insulting. Is Europe aiming to become the next Japan? We’ll leave that question with you.
In a previous video on this channel, we discussed the reasons that have led Credit Suisse to be on the brink of collapse. In that video, we warned that a banking panic, like the one caused by the fall of Silicon Valley Bank, could put the Swiss bank in real danger. Nevertheless, there are still ways to prevent a European contagion equivalent to the 2008 crisis:
1. Banking regulations today are much stricter than in 2008.
2. European banks are relatively healthy, and their assets are more transparent than in the real estate boom.
3. The Swiss National Bank, a very solid central bank, could act in case of emergency.
In any case, it is still too early to know what will happen, so caution should be exercised and we should wait for further information.
VisualEconomik EN
VisualEconomik EN
🤔🤦♂️ Here we can see how real retail sales have evolved in different regions over the past few years. Once again, the big surprise is that while things are going full steam ahead in the United States, Europe (especially the Eurozone) seems to have completely lost its way. The policies coming out of Brussels and the various governments of the Eurozone are severely impacting economic activity and the standard of living for Europeans. To make matters worse, in recent days they've lowered the growth forecast for next year to a dismal 1.2%. Not exactly good news.
The difference with the United States is almost insulting. Is Europe aiming to become the next Japan? We’ll leave that question with you.
1 year ago | [YT] | 122
View 26 replies
VisualEconomik EN
Credit Suisse plunges again:
In a previous video on this channel, we discussed the reasons that have led Credit Suisse to be on the brink of collapse. In that video, we warned that a banking panic, like the one caused by the fall of Silicon Valley Bank, could put the Swiss bank in real danger. Nevertheless, there are still ways to prevent a European contagion equivalent to the 2008 crisis:
1. Banking regulations today are much stricter than in 2008.
2. European banks are relatively healthy, and their assets are more transparent than in the real estate boom.
3. The Swiss National Bank, a very solid central bank, could act in case of emergency.
In any case, it is still too early to know what will happen, so caution should be exercised and we should wait for further information.
2 years ago (edited) | [YT] | 38
View 43 replies