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FYI: During the latter half of the 19th century, the Ottoman Empire—now Turkey—was called the “sick man of Europe.” These days, it wouldn’t be a stretch to call Europe the sick man of the global economy. For starters, the continent’s broader economy has been snoozing since the financial crisis. And it doesn’t help that its poor demographics, characterized by an aging population, don’t portend robust future growth. Throw in government bonds offering negative yields, the potential mess that is Brexit and the possible negative impact of trade wars on European exports—along with the troubles of the eurozone’s third-largest economy, Italy—and it’s little wonder that some investors equate the E.U. with “P.U.” Regards, Ted https://www.fa-mag.com/news/the-case-for-europe--yes--really-51209.html?print
