Bolloré – Spring Is Here

By Greenwood Investors

Europe is the world’s consensus short. One need not look too hard to find news stories about the instability of governments all over the continent, rising populist movements and “stagnant,” economies. This view has been well honed by economists, thought leaders and the global “elite.” In the run-up to and in the wake of the Italian referendum, there have been innumerable attempts by Wall Street commentators to talk about the “next domino” to fall and how a failure of the Renzi government to convince the Italian population of the need to reform would cause imminent doom and gloom. These views were well-baked into market expectations, which is why in the wake of the “worst case scenario,” outcome in...