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After the sharp
rally of March, the investment case is less obvious.
April 7, 2009
By Vincenzo Sciarretta
The European auto
sector has soared over the last few weeks. But if in January or February you
tried to tell people there were opportunities over there, everyone's eyes
glazed over. People looked upon you with pity.
There was no future for
autos...Read More
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 Italian
stocks below the 1943 and 1960 tops
April 4,2009
By Vincenzo Sciarretta
If you believe that Wall Street is cheap
because the Dow Jones Industrial Average touched the mid-1990s levels,
what about Italy, whose stock market is below the 1943 top, when Benito
Mussolini planned to
conquer the world along with his fellow-friend Adolf Hitler?...Read More
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ECB: Ready to cut – But not to
ease
Tomorrow, 2
April, the ECB ought to bring short-term rates to 1% from 1.5%. Some
forms of quantitative easing are possible.
April 1,2009
The European
Central bank ought to cut the refi rate to 1% (from current 1.5%)
tomorrow, at its 2 April meeting. If the ECB does not reach 1% in April,
it would very likely do so in May. But this notwithstanding the monetary
authority will remain less profligate than its main counterparts,...Read More
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 Where
is the euro going?
March 24,2009
When asked about the outlook for the euro, exchange
rate analysts seem quite puzzled.
Out of the ten professionals surveyed by this
magazine, some bet on a further strengthening of the common currency,
while ...Read More
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Editorial:
Will Germany Break the Monetary Union Once Again?
March 10,2009
By Vincenzo Sciarretta
What if the large and growing fiscal
deficit in Germany break the Monetary Union once again? This would be
the second time, the first time was early in the 1990s...Read More
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 Special Gold 1/3
Gold: Just In Case, It Is a Depression
February 23, 2009
Just in case we are
dealing with a depression, you may want to look at gold as a safe haven
for your money.
There is a noteworthy similarity between the position
of the markets to-day and the position of the markets after the crash of
1929...Read More
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Special Gold 2/3
When stocks go down, gold may help: statistics
February 23, 2009
During the 41 years since 1967 that gold has traded
freely, the Dow Jones Averages has suffered 12 negative years. In 7 of
them, gold increased its value.
Performance of Gold versus Dow Jones Industrial
1968-2008 ...Read More
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Special Gold 3/3
Gold Demand:
Investment is gearing up.
February 23, 2009
The latest quarterly “Gold Demand Trends”, issued by
the World Gold Council, reports that world gold jewellery demand in the
fourth quarter of 2008 was down by 6% in tonnage terms ...Read More
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A Recession in Eastern Europe?
It Drags Down Especially Germany, Less France and
Italy.
February 23, 2009
There has been a wide discussion on the impact that
the crisis in central and Eastern Europe (CEE) has on the Eurozone through the banking channel...Read More
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TALKING TO THE GIANTS
Recent interviews on the international scenario |
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A conversation with
Jean-Philippe Cotis,
chief economist of the Organization for Economic Cooperation and
Development (OECD).
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Can the housing recession in the US cause a financial crisis?
Talking to
an economist who began working at the Federal Reserve in the mid 1940s.
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When the good news is that there's no news
You should
hold your long positions in commodities.
But
remember, markets do zigzag and corrections will come.
In Europe,
defence stocks and mid-sized and small banks are still attractive. |
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An interview with
Marc Faber
Oil toward $150?
Short-term,
most assets are vulnerable. Stay on the sidelines waiting for better
prices. Gold is good. Agriculturals are cheap. Industrial
commodities may suffer on account of a weakening economy. In Europe
he owns some bonds
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An interview with
Laurence Meyer,
former member of
the Fed
Fed
Funds at 5.5% by year-end
At the
upcoming FOMC meeting to be held on Tuesday, August 8, market
expectations are set for a pause. Uncertainty remains because the
Fed could hike rates in reaction to inflation figures. However, Dr
Meyer thinks that by year-end the cost of money ought to be at 5.5%
(from current 5.25%). |
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An Interview with Nobel Prize Winner
Kenneth Arrow:
“This is the best international economy ever”
Yes, there are some imbalances, but positive elements outweigh them.
The ‘70s with their vicious inflationary spiral are not coming back.
And the dollar, hopefully, will adjust gently. |
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An
interview with
David Berson
vice
president of Fannie Mae
The US housing market is set to slow down
A 10%
home sales drop this year is likely. Prices ought to rise below
trend. Unfortunately, some areas are going to suffer from a
combination of contracting sales and prices. Florida, California,
Arizona and Nevada may include some of these vulnerable areas. |
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An Interview with Professor
Robert Shiller
What’s the next bubble?
The man who saw the folly of the Nasdaq written
on the wall inspects the markets in search of risks you would
never want to see materialized. |
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An interview with
William Ford,
ex chairman of the Federal Reserve of Atlanta
Confessions of a former central banker
Bond yields are going up, housing prices are
bound to correct and the Fed may raise more than you expect. |
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Dr.
Mark Mobius,
managing director of Templeton Asset Management
LTD, Singapore.
Emerging Markets:
Yes, the opportunities are still there
A legendary and veteran guru analyses the outlook
for Asia, Latin America, Africa and East Europe. |
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