Spain’s Inactive Population Data Casts Doubts Over GDP Figures

Spain is the country with the highest quality of inactive population in Europe. In other words, people who are of working age, but are not looking for a job. The 18 million people in work maintain the 4.8 million jobless, as well as the inactive. There are are total of 38 million people of working age, 20 million of whom are jobless or inactive.


Spanish Midcap Analysis: Euskaltel

Since its IPO in July 2015 at €9.5 eur/share, Euskaltel has outperformed the Ibex 35 and the telecommunications sector (Stoxx 600 Telecommunications), with a 1% revaluation compared with the Ibex’s 14.3% decline and the 11.7% drop on the sectorial index.

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Audi At Manheim Car Auction

The Great Lease Bubble

EXANE BNP Paribas | US (& UK) profits look overstated. Even the cash is not real Our key conclusion remains that US (and also UK) profits remain overstated – potentially to the tune of as much as USD 20-30bn. While not the only explanation, we think it simply too much of a co-incidence that ASPs have jumped in tandem with a rapid expansion in leasing and OEM loan portfolios.

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