Eurozone

53 Posts

Are Investors Expecting Too Much from Infrastructure?

Infrastructure is seen as an attractive proposition, not only because of its (in some sectors) double-digit returns in a low-yield environment but also because it offers diversification opportunities coupled with reliable earnings and consistent cash flows. Infrastructure can also be used for liability matching and inflation hedging (given that inflation tends to be built into the revenue stream of projects).
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Best of 2015: Economics, Innovations, and Magic Leap

Best of 2015: Economics, Innovations, and Magic Leap

Every year at this time, we reflect back on the events of the last 12 months and take inventory. Last year I remarked that the status quo is shifting, meaning the policy-driven, post-2008 crisis world had reached an important turning point and was in transition from one set of norms to another. Perhaps the most remarkable thing about this year’s retrospective is that it is awfully similar to last year’s. In other words, 2015 remained a period of transition. Read more

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Turning Points: The Untaper and the Markets’ Reactions

There continue to be growing signs of a credit bubble manifesting around the globe. In the United States, it appears that credit quality is starting to slip as banks are becoming more friendly to lower credit borrows. In private equity, Blackstone sees an “epic” credit bubble. Real estate in China appears to be frothy. And, with the Federal Reserve presently unable to unwind easing, these bubbles could and should grow in magnitude materially. Read more

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