"Multiple factors that have historically hampered European productivity growth appear to be reversing… European leaders have acknowledged their over-regulated economy, and any moves to ease regulatory burdens would positively impact growth."
"The trouble with tariffs, to be succinct, is that they raise prices, slow economic growth, cut profits, increase unemployment, worsen inequality, diminish productivity and increase global tensions. Other than that, they’re fine."
"While many market observers rightly point out that Trump is scapegoating the Fed for the economic fallout from his trade war, it has reinforced concerns about a potential loss of independence – the greatest asset of a central bank"
"Overestimating the probability or the extent of losses during market turbulence can lead you astray… It is important to remain focused on your long-term investment strategy."