ECB's Financial Stability Review just dropped today. In the NEW Chartbook Newsletter #4, I compare it to Fed’s Financial Stability Report of earlier this month & the IMF’s GFSR.
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Energy Capex as a % of operating cash flow is at historic lows. A lot hinges on how you explain this. thedailyshot.com/2022/06/28/bus… https://t.co/VkOyCMuPqs