Eurozone
If the United Kingdom withdraws from the European Union (EU), everyone stands to suffer.
When monetary policy is activist and fiscal policy is gridlocked, overturning decades of precedent, how can investment professionals adapt?
Steven Major, CFA, global head of fixed-income research at HSBC, explained that a year ago his team was criticised for predicting long term government yields 1% lower than market consensus. He wished he had been wrong, but today, the term premium on long-end US bonds is negative.
A recent report shows that the crisis in Europe has created opportunities for private wealth clients and the financial professionals who manage their assets.
If we truly aim to serve clients and our societies to the full, prudence guides us to check the assumptions and challenge the mindsets we instinctively rely on.
The route to recovery in Europe is so long that there will be plenty of growth opportunities to be captured by investors along the way, says David Kelly, CFA.
In the closing keynote address, Mersch sought to explain how recent policy initiatives have addressed problems brought about by the original design flaws of European monetary union (EMU).
Kai Konrad painted a picture of troubled states increasingly doubtful of the EU, warning “don’t expect much from Germany.”
Kai A. Konrad’s work studying political economy and public economics has given him some unique insights into the ways that individuals and groups interact to achieve their desired objectives.
A look at the risks that have been building in advance of the Deutsche Bundesbank’s warning about property bubbles, and what they mean for the eurozone.