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In Europe, A Dead Cat Bounce?
For the longest time, Europe's moribund growth profile meant the ECB's biggest worry was deflation -- economic "Japanification," so to speak. Nothing's changed structurally about the European economy in the 2020s, which is to say there's no reason, or no reason that I'm aware of, for anyone to expect lively growth.
Notwithstanding the spate of below-target headline CPI prints out of some high-profile economies, including Europe, I'd argue the global macro environment, to say nothing of the geo
