ITALY: Jumping on Draghi’s bus
Prime Minister-designate Mario Draghi will wrap up his consultations with political parties on 6 February, when he meets delegations from the Lega and the Five Star Movement (M5S), and then decide whether he has enough backing to form what would be Italy’s 67th government since W… Become a member to read the rest of […]
Comment: Asset prices overvalued? Two views and a conclusion
Shiller’s ‘Excess cyclically adjusted price/earnings ratio’ suggests little overvaluation. But a Minsky typology suggests that prices are 5-6 steps out of 9 along the road to crisis. We see no definitive overvaluation yet: but it is Minsky that we shall be monitoring. … Become a member to read the rest of this article
EUROPE: CEE PULSE
Following a constitutional court ruling, the Czech parliament has to adopt new electoral rules ahead of the parliamentary vote scheduled for October. In Poland, the government revealed details of the proposed advertising tax, while Russia is stepping up pressure on social media a… Become a member to read the rest of this article