Eurozone - the giant awakens

In 2023, Lawrence Summers, former Treasury Secretary of the US, famously remarked in a conference, "Europe is a museum, Japan is a nursing home, China is a jail and Bitcoin is an experiment." His quip came even as he warned against elevated expectations built into US equity markets. Previously, I wrote about how Japan is staging a stock market revival and restoring investor interest. It seems that the 'museum' is also attracting investors now.

This article was originally published on June 01, 2024.