The fireworks will start with Spain or Italy

Here’s what I had to say about Europe on Capital Account with Lauren Lyster on Thursday night. I’m not bullish on the real economy there (but I still expect relative share outperformance due to lower P/Es). The US is having a bit of a data surge to the upside: housing, employment, manufacturing, all of these numbers have been better of late. What I say here is in line with what I predicted in my ten surprises for 2012.

This week’s Pro Newsletter will focus on wealth protection in a world of recurring crisis. Clearly, if people like John Paulson can lose 50% of their money, you know this is a dangerous environment. For investors, the bias has to be toward risk-off until it is clear that unexpected economic shocks are less threatening.


Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.