Justin Urquhart Stewart latest weekly update – “Eurozone Souffle

Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.

Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.

Each week we will bring you Justin’s latest thoughts and commentry.  For a taster of this week’s article please continue to read..

“EUROZONE SOUFFLÉ” – Read the full article here!

History does not repeat – well that is my view – but it does resonate. The effect is that we can often see some remarkable similarities and we certainly should take notice of them, or we will very likely suffer similar consequences of those earlier times.

Perhaps we are seeing another such similarity right now. Currently the Eurozone is behaving like one of my soufflés. Having risen up superbly with its golden centre crowning the dish, and its outer edges slightly burnt, sadly now the centre has collapsed into a soggy mush, whilst leaving the outer edges looking fairly flaky. Not a brilliant simile I am afraid but the core of the Eurozone has seen its growth figures fall down quite dramatically, with France and Italy flat and even Germany’s figures looking comparatively dire. Perversely the much criticised peripheral nations have been generally faring better, although their youth unemployment position for the most part is still terrible and will no doubt be socially damaging for the long term.

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