April’s publication summarizes two articles about the Chinese market. The first discusses how the market is transitioning from a growth model centered on investment and exports to one based on domestic demand, and the opportunities and risks this will offer. The second delves into the Chinese yuan’s ascendance in the currency market and whether it will…
March’s publication summarizes two articles about the U.S. housing market. The first discusses how various forces, including constrained credit availability and lower homeownership rates, are likely to put downward pressure on house prices going forward. The second suggests that a self-reinforcing recovery in U.S. house prices, helped by easing legal and regulatory pressures, could boost the…
February’s publication summarizes two contrasting articles about the European crisis. They explore what has been done by key players to this point and their options going forward to resolve the crisis and keep the union intact. “The Coming Resolution of the European Crisis,” by C. Fred Bergsten and Jacob Funk Kirkegaard, Peterson Institute for International…
January’s publication summarizes two articles about commodities. The first explores how commodity input costs drive price levels and volatility and the second takes a closer look at the performance of passive and dynamic commodity indices. “Fundamentals or Fads? Pipes, Not Punting, Explain Commodity Prices and Volatility,” by Colin Fenton and John Waxman, J.P. Morgan, August…
December’s publication summarizes three articles that provide outlooks for 2012. The first examines the macro and political risks that will affect the global economy in 2012. The others explore lessons from historical financial crises and their possible implications for Europe and the United States today. “2012: Another Difficult Year” by Gregory Peters, et al., Morgan…
November’s publication summarizes three articles. The first examines how deleveraging in the developed world will impact growth in emerging markets. The second looks at the implications behind the prevalence of “shadow banking,” or trust lending, in the Chinese economy. The third presents the bear case for the U.S. dollar going forward. “DM Deleveraging, EM Stressing”…
October’s publication summarizes three articles that explore the positives and negatives of investing in high-yielding credit in today’s environment. “Are Credit Spreads Pricing Recession?” by Dominic Wilson et al., Goldman Sachs, October 12, 2011 “Credit Strategy Weekly Update” by Peter Acciavatti et al., J.P. Morgan, September 30, 2011 “Leveraged Finance Insights – Seniority Over Quality”…
September’s publication summarizes two articles that compare the current economic conditions in the United States to those of Japan over the past two decades. “What’s the Difference Between Japan and the US” by Michael Gavin, Barclays Capital, August 31, 2011 “Absolute Zero” by A. Gary Shilling, A. Gary Shilling’s INSIGHT, September 2011
August’s publication summarizes two articles, which have different takes on the investment outlook. The first discusses the downside risks for investors that are created by the recent weakening in economic data. The second examines how recent market turmoil could provide investors with attractive long-term opportunities, given positives such as lower commodity costs and higher corporate…
July’s publication summarizes two articles. The first examines the implications of not raising the U.S. debt ceiling. The second looks at how global liquidity flows might impact currency valuations, and discusses measures that could be used to reduce their impact. “The Implications of Not Raising the Debt Ceiling” by David McCormick et al., Bridgewater Daily…