Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Wednesday, August 20, 2014

European GDP

The volume of GDP ("real" GDP) in Europe still hasn't passed its previous peak (the chart shows the level of GDP, not its rate of change).  A triumph, really, a stunning triumph of bad and doctrinaire policy.