It’s All About Location for the ECB’s Reflation Campaign

In the 19-country patchwork that is the euro area, how well the European Central Bank’s quantitative easing program has gone since it started in March 2015 depends a lot on which country you’re looking at.

The Shipping News Suggests Reflation Is Real

About a year ago, I wrote a couple of columns examining the data available in the industries responsible for moving goods from A to B. “Shipping News Says World Economy Is Toast,”