The year of living dangerously
2012 promises a rough ride for investors. Much of the industrialised world is engaged in a deleveraging process which will take several years and have negative consequences on economic growth. As a result, the global economy is extremely fragile and it won’t take much to trigger a major crisis.
Endgame for the eurozone?
What with the EU summit of 26 October, the announcement and then the abandonment of the Greek referendum, and last Friday’s G20 summit, the last two weeks have certainly been turbulent for the eurozone. At the end of the fortnight, it's increasingly evident that the authorities are unable to find a solution to the crisis.
Should we still be buying equities?
The last few weeks have been miserable for equity investors – the Euro Stoxx 50 index, for example, has slumped by 30% since 1st July. Whereas at the start of 2011, equity indices seemed set to return to their pre-2008/2009 crisis level, now some are even in danger of dropping below the levels seen at the very depths of the crisis.
Economic and financial environment: some key points
Recent data has shown that economic activity in a large part of the industrialised world has never fully recovered. And if you worry that things are bad in the U.S., go to Europe.
Do the recent stock market declines represent a buying opportunity?
Equity markets have seen something of a nosedive since the end of July. Is this a buying opportunity?
A Greek tragedy
Last week the Greek Parliament went ahead and adopted a new austerity bill which will see the European Union and the International Monetary Fund (IMF) pay another 12 billion euro tranche to Greece and the implementation of a new bail-out plan for the country.
Equity markets at a crossroads
The history of the stock market shows that there are two main types of markets. Right now, it is very important for an investor to know which kind of market we are in.
Brazil: an economic success story
In the past few years Brazil has experienced undeniable economic success. In 2010, growth exceeded 7% and current analyst projections for this year place the figure at above 4%.
Investment strategy 2011 (fourth and last part)
Defensive sectors have significantly underperformed during the stock market recovery of the past two years. A number of factors are prompting me to think that this situation is coming to an end.
|
Perspectives: macro-economic trends and market outlook Quarterly publicationPERSPECTIVESTo find out more about macro-economic trends and the market outlook. Click here to order! |
Archives
|
2012
Latest comments
For gold to be in a bull market you need: - ...
Do the recent stock market declines represent a buying opportunity?
Le 25/08/2011 par Guy Wagner
After reading your analyse, I thought, "What about investing in ...
Do the recent stock market declines represent a buying opportunity?
Le 24/08/2011
Hi Guy, I'm a regular reader of your blog and ...
A Greek tragedy
Le 29/07/2011 par Ian Brown
hi Guy, great blog. Do you have an opinion on domestic and/or ...
BL-Global Flexible - Situation as at 10 June 2011
Le 15/06/2011
The problem is that: - Greece does not have a liquidity ...
Update on our investment strategy
Le 24/05/2011 par Guy Wagner