Caught in a Trap
Stock prices moved sharply higher during the summer months, as investors speculated that further central bank action might just return the economies of the industrialised world to a more familiar...
View ArticleCommodity Super Cycle Running Out of Steam
The dawn of a new millennium marked the end of the secular bull market in stocks that began almost two decades earlier in the autumn of 1982. The magnitude of the subsequent decline in equity prices...
View ArticleJapanese Reflation Hopes
Japanese asset prices have jumped onto investors’ radar screens of late; the return of the Liberal Democratic Party (LDP) to power late last year has sparked hopes that the new leadership might match...
View ArticleThe ‘Dash for Trash’ is On
The ‘dash for trash’ is on, as the near-record low yields available on safe assets has prompted investment professionals to move further out the risk spectrum in a desperate bid to earn nominal returns...
View ArticleWhat Mean Reversion Means For Your Portfolio
Equity prices have vaulted to within touching distance of all-time highs, and the upturn in investors’ fortunes has pushed valuation ratios to levels that have preceded protracted periods of poor stock...
View ArticleIt’s a Low-Return World After All
It is a low-return world, and even the Chairman of the Federal Reserve, Ben Bernanke, recently admitted that he, “takes very seriously…the possibility that very low interest rates” could prompt...
View ArticleInvest like it’s 1999? Dow 36,000 bulls are back in town
It should come as no surprise that the uber-bulls have found their voice, and forced their way back into the media spotlight. After all, the major stock market averages continue their assault on the...
View ArticleChina’s Housing Dilemma
The Chinese property market is back in the spotlight, following the central government’s decision just days ago, to harden its three-year effort to put house prices in an affordable range for ordinary...
View ArticleCyprus: A Game Changer
It is only a matter of weeks since European officials openly congratulated themselves on their seemingly successful efforts to bring the prolonged eurozone crisis to an end. The backslapping...
View ArticleIs Slovenia next?
The catastrophe that beset Cyprus’s ‘too-big-to-bail’ banking sector confirmed that the seemingly never-ending crisis in the eurozone is far from over. Indeed, investors are already busy searching for...
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