Beyond Bulls & Bears

Note to Central Banks: Equity Markets Are Not Your Problem
Equity

Note to Central Banks: Equity Markets Are Not Your Problem

At some point, I believe we need to disengage from stimulus spending. If world economies can only survive if they are given cheap money—and tons of it—in my view it would mark the failure of the market economy.

Investment Outlook 2015: Five Reasons Why the Eurozone May Surprise Naysayers

Investment Outlook 2015: Five Reasons Why the Eurozone May Surprise Naysayers

A consensus is growing among market watchers that the euro will likely weaken further versus the US dollar in 2015. I usually don't like to agree with the consensus, but this time, I have to admit that the momentum for the euro appears to be downward.

Will the Russia-Ukraine Crisis Chill Europe’s Recovery?

Will the Russia-Ukraine Crisis Chill Europe’s Recovery?

While the situation in Ukraine currently looks troubling, I do not believe Russia can afford a prolonged crisis. The Russian economy could already be in recession or heading toward one, and the lost production, supply shortages and higher consumer prices that Russians are facing could erode President Putin’s support over time.

A Strengthening Case for European Bonds

A Strengthening Case for European Bonds

Although the pace of economic improvement in the eurozone is slow, there is at least some growth. We are optimistic about the prospects for fixed income investing in the region—perhaps more than many other areas of the world.