Europe: What Wall Street Is Missing

by Jeff D. Opdyke
The Sovereign Investor

“We are better. We are not great. But we are better. And being better feels like great after what we had.” — Barcelona cabbie, April 30, 2016

I am, quite unfortunately, in the final days of a three-week research trip to Europe. I’ve been north to south (Denmark to Spain) and east to west (the U.K. to Romania). I’ve talked to several executives, a few friends, a couple of airline people on a couple of Europe’s low-cost carriers and a gaggle of cabbies. And Europe is all right.

If nothing else, it’s healthier than America, where our debt-addled GDP expresses all the life force of a septuagenarian sucking on an oxygen tank.

Spain demonstrates that most effectively.

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