|
G'day
While it might not always have
been the case, these days, the macro matters! As Tim Farrelly
writes,
central banks have become the dominant influence on markets. New
columnist, Yale University's Stephen Roach, busts the myth that the US
can remain the world's default currency, noting America's recent fiscal
follies may well be the tipping point for a
seismic shift in China's open-ended buying of Treasuries.
Louis-Vincent Gave argues that there are signs everywhere of the growing
role of the renminbi - and that's just
one of four threats to gold prices making it a dead-weight on
portfolios.
|
|
 |
Sonal Desai argues
it is extremely important to distinguish between sources of negative
bond returns. And, we publish a controversial paper "Why
DFA's new research is flawed" which has provoked such a storm of
positive and negative response.
All the best for some great weekend learning - Graham
P.S. Mark your diary! 2014 Markets Summit
(18-19 February, 2014)
|
|
"The US dodged another bullet
with a last-minute deal on the debt ceiling. But the fuse on America's
debt bomb is getting shorter and shorter." - Stephen Roach (China's
wake-up call from Washington)
|
|
Perspectives -
latest |
|
 |
Central banks calling the shots
Central banks are likely to dominate investment news for years to come.
Most of it will be noise. However, some of it will be critically
important.
Tim Farrelly, farrelly's | Opinion
|
|
 |
Why DFA's new research is flawed
This recent article, and DFA's subsequent silence about it, has prompted
a storm of response both for and against. Agree or not, it contributes
to our understanding of the "science" of portfolio construction.
Angela Ashton,
PortfolioConstruction Forum | Research
|
|
 |
China’s wake-up call from Washington
The US debt ceiling debacle sent a clear message to its largest foreign
creditor, China - the US may now have to pay a much steeper price for
external capital.
Stephen Roach, Yale University | Opinion
|
|
 |
Gold - the lead in too many portfolios
Gold's continuing
disappointing performance has been a topic of discussion within our
walls - and most of us come down on the side of one of four possible
explanations.
Louis-Vincent Gave, Gavekal | Opinion
|
|
 |
The nature of negative returns
Recorded exclusively for PortfolioConstruction Forum, Sonal Desai argues
that it is extremely important to distinguish between sources of
negative bond returns.
Sonal Desai, Franklin Templeton Investments | Opinion
|
|
Perspectives -
recently |
|
 |
Dead cat bounce - the failure of macroeconomics
What makes this cycle so different? Five reasons - two are quite
conventional, three are not. With proper economic policies, good times
could lie ahead for the West.
Dr Woody Brock, SED | Opinion
|
|
 |
Should equity exposure really decrease in retirement?
Conventional wisdom is that retirees should reduce their equity exposure
in retirement as their time horizon shortens - in reality, the ideal may
actually be the exact opposite.
Michael Kitces, Pinnacle Advisory Group | Opinion
|
|
 |
How do you run out of money when you are printing it?
The US debt debate will be navigated, but with
no real solution - the ingredients are being put in place for higher
bond yields. The only questions are when, and how high.
John Abernethy, Clime | Opinion
|
|
 |
Undiscovered Fund: Low correlation Australian equity
An Australian equities fund offering significant diversification
benefits when blended with other Australian Equity funds, and downside
market protection.
Zenith Investment Partners | Research
|
|
 |
A multi-speed world
Recorded exclusively for PortfolioConstruction Forum, PIMCO's Mohammed
El-Erian discusses QE, and whether Australia can continue to escape the
new normal.
Mohamed El-Erian, PIMCO | Opinion
|
