The Jig Is Up: The End of Easy Credit
Whether the current turmoil in the credit markets intensifies or slowly blows over, the days of easy credit financing are over.
Authored by: Aaron Costello
European Linkers: Getting Interesting?
While rising real yields have restored some value to European inflation-linked bond markets, linkers are not yet attractive on their own, although do offer some value relative to nominal government paper.
Some Thoughts on “Perma-Bear” Adjusted Ratios
Our thoughts on the recent debate in the financial press over the relevance of cyclically adjusted P/E ratios.
European Small Caps: Is There More Left to Run?
While small caps may be able to climb higher amid the current liquidity-driven market, valuations clearly point to an unfavorable risk-reward trade-off relative to large caps.
It’s Getting Late—Risks Are Rising
This report on asset allocation in the current environment is the fifth in what has evolved into a series of occasional papers on the evolution of the secular bear market in equities and our thoughts on how investors can best cope with the prevailing uncertainties. While recognizing that conditions could certainly remain benign for some…
In Search of Global Quality
Quality is relatively cheap outside the United States, although harder to come by.
All Quiet on the Eastern Front?
Is a booming emerging Europe veering toward an “Asia-Style” crisis?
Encore! Or Exit?
While investors have high hopes for European equities in 2007, the headwinds facing the market may result in a disappointing performance.
Decoupling?
While Asia’s equity markets remain susceptible to contagion from any U.S. maladies, their economies continue to develop immunities.
European Equity Leadership Still Concentrated
While returns have been strong across European markets, the financials sector remains in the driver’s seat.