Practical analysis for investment professionals 
It used to be that investors most feared interest rate risk in industrial countries and credit risk in emerging economies. The rules have changed, says Ramin Toloui, PIMCO’s global co-head of emerging markets portfolio management. Read more
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Antoine van Agtmael argues that an industrial renaissance in the United States is eroding the competitive edge of emerging markets. Read more
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Suddenly gold is being proposed as a cure-all for the weakening dollar, allowing it to retain its place as the international reserve currency — a trophy taken, not without a fight, from the British pound at the Bretton Woods conference in … Read more
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President Richard Nixon’s decision to untether the US dollar from gold has left a harsh and lasting legacy for economies all around the globe. Read more
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Continued central bank accommodation and a growing consensus that global economic conditions may be improving have combined to push equity indices higher at the start of the year. As we enter the heart of earnings season, investors will undoubtedly be looking for confirmation from the corporate sector. Time will tell if the recent rush of enthusiasm on the part of investors will be rewarded. Read more
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Good investments arise when one identifies a disconnect between the expectations of the market and the underlying reality. Yet, getting two investors to agree on specific opportunities or risks is sometimes a Herculean feat. Individually, investors employ a wide range … Read more
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As the third quarter came to a close, we suggested that the prevailing bullish stock market sentiment may fade as earnings were reported. Well, corporate earnings have taken center stage in recent weeks and generally disappointing results and lowered guidance have, in fact, prompted equity investors to head for the exits. Further constraining risk appetites are the looming fiscal cliff in the US, recession in Europe, and continued uncertainty in Asia Pacific. US equity investors can also be expected to stay on edge through the upcoming presidential election. Read more
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