No, Mario is NOT about to give up – whatever! China monetary trends might mean the industrial earnings cycle has peaked. US debt levels are still OK, but the low cost is promoting slightly worrisome growth – nor are Tech balance sheets entirely without blemish. Commodities – clueless and friendless.
Going into to their 21st May referendum on energy policy, the Swiss find themselves confronted by some dreadfully misleading propaganda – issued not just by the usual motley crew of environmental extremists and green rent-seekers, but also by a government whose own tortuously-constructed programme is at stake in the vote.