Monday, August 26, 2019

"Looking at long-run growth series for Eastern European success stories is awesome"

We've had an interest in Eastern Europe for quite a while:

"How much do demographics really matter?"
Demographics are easy. Figuring out bets based on demographics is hard.
Europe is especially interesting, we've mentioned the short Sweden/long Poland or Czechia pair trade a couple times....

Today's factoids come from the Wall Street Journal's Mike Bird:

Repost--I Bet Poland is Glad it Hasn't Adopted the Euro
In his new book "Breakout Nations: In Pursuit of the Next Economic Miracles" Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley calls Poland and the Czech Republic the "sweet spots" in Europe.

As members of the EU who have not adopted the euro they have monetary flexibility that other EU members would kill for.

Although scheduled to begin using the euro in 2015 Poland's bankers have not expressed any great urgency about getting there....
 Migrant Venture Capitalists Flood Eastern Europe

Old School Polish Beer Wars

Der Spiegel:
Blonde Parade Lifts Spirits in Gloomy Latvia

Many of the women were followed closely by enthusiastic musicians.