With ongoing problems in Europe and U.S. valuations looking stretched, well-known money manager Louis-Vincent Gave thinks Asia has the most going for it right now. Here are some excerpts of his recent interview.
This Thursday, the 18th of September, Scotland goes to the polls to decide whether it wants to stay in a Union with the rest of Great Britain or go down the road of independence. At the moment the election is too close to call with sentiment equally divided between either camp.
The idea of Scottish independence has moved from the implausible to the very possible. Whether or not it actually happens, the idea that the union of England and Scotland, which has existed for more than 300 years, could be dissolved has enormous implications in its own right, and significant implications for Europe and even for global stability.
Yellen and Company will meet today and tomorrow to assess any policy changes. This will be the last meeting before the October meeting during which the cessation of QE is expected. Inflation doesn't appear to be a major threat at the moment...
The story line for the U.S. petro-dollar is bound to get better in the years ahead. The U.S. has more recoverable natural gas than any other country. This represents a century’s worth of output and can support peak production at more than twice the 2013 level.
Gold ended its 10-year bull market in 2011 when it topped out at $1,900 an ounce. It was a spectacular run from $250 an ounce in 2001. Since then it rallied back several times only to have those rallies fail at lower highs.
Should the USD break out from its 2005 to present bearish trend, we should see some significant developments in inter-market relationships. For starters, the relative performance of U.S. stocks relative to the MSCI World Stock Index Excluding the U.S. shows a strong correlation to the USD Index.
A Barclays' survey of over 2,000 individuals with a net worth over $1.5 billion contains some pretty interesting results. Those in China and Singapore are most likely to leave their country, while those in the US and India were most likely to stay.
The terms of the debate have shifted. The issue now is when does the Fed hike rates next year. And further, how will the U.S. stock and bond market respond. This Great Graphic appeared in the Wall Street Journal, and was tweeted by Pedro da Costa.
Draghi’s volte-face two weeks ago has emboldened the Keynesian majority in the media and in economic research departments. It has injected new life into their relentless campaign for yet more state intervention in the Eurozone economy.