Grey Swan Analysis
We have listed twelve Grey Swans which we see as, some of, the driving forces which will weaken the economic climate across Europe.
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The invisible American
In the fall of 2016, newspapers such as The New York Times and Financial Times published articles on the recovery of the economy. Is this really the case? It seems we cannot rely on these articles in these otherwise highly-regarded newspapers. From 2001 to 2016 the percentage of the upper-middle and middle class in the US fell from 63% to 51%. This means that some 25 million American economic lives crashed.
Trust never returns
Trust in society is under huge pressure. We can see some extremely negative developments which are out of the control of our politicians, who unfortunately do not have the courage to take the necessary tough decisions.