Credit Suisse on the political climate in the eurozone
For bank trade ideas, .
when commodities were strong, equity markets lacked volatility while making new highs and all forms of carry and illiquidity were in favour, with exotic currencies all the rage, against a backdrop of slow but steady rises in US interest rates. Of course, that particular era did not end well given the financial crisis came hard and fast in 2008. Also, these "feel-good vibes" have only existed in earnest since November, so the jury on longevity is still out.
