Top Five Articles from November: The Fiscal Cliff, Another Lost Decade for Stocks, OTC Derivatives
If Congress maintains the current tax and spending policies, we will get more of the same economy we have experienced for the past three years (all else being equal). But what if Congress lets the fiscal cliff hit? Ron Rimkus, CFA, assesses the impact.
With the Shiller P/E for the S&P 500 currently standing at a 21.5 (approximately 30% higher than its long-term average), many value investors, including Cliff Asness of AQR Capital Management, have adopted a cautious stance toward US stocks.
Dodd-Frank includes provisions that could extend its reach extraterritorially to Asia, Europe, and beyond. Participants in the OTC derivatives market in these regions are assessing the potential cross-border compliance obligations.
4. Book Review: The Value Investors
This examination of the strategies of 12 outstanding investors from around the world provides a valuable contribution to the literature on global value styles. Well researched and well written, in addition to being an enjoyable read, this book is a must for anyone even remotely interested in investment management styles.
A great crisis can produce great leaps forward in thought and human achievement. So is there any evidence that the epic financial crisis of 2008 will leave a legacy of fruitful ideas for our financial system?
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