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Our regular
Forum Fodder NZ email alerts Members to what's new on this site and
with our live professional development progams.
A sample of the Forum Fodder NZ email is below.
Become a Member (with our
compliments) to receive Forum Fodder and access our multi-media learning
centre, PortfolioConstruction.com.au (this site) featuring:
- Resources Kits - videos and podcasts of the sessions and accompanying
papers from our live programs;
- Perspectives library - exclusive interviews, research papers, white
papers, opinion papers and special interest; and,
subscription services from local and international investment
professionals and subject matter experts.
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Friday 27 May
2016 |
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Specialist, independent
investment continuing education & certification for portfolio
construction practitioners |
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Secular stagnation or inflection point?
This week's Fodder is a special feature focused on
the presentation given by internationally renowned
economic and financial historian, Professor Niall
Ferguson, at our recent PortfolioConstruction Forum
Symposium 2016 program. This was Niall's only
presentation around investment issues during his flying visit to Australia and New Zealand
a few weeks ago, his first ever visit to NZ and his
first to Australia since he was here six years ago
to open our Academy program. "Attend"
Niall's Symposium 2016 presentation online to hear why
he thinks economists and
investors risk being blindsided by a global upswing
– a recovery he believes is already underway - and
the five key risks that could derail it.
All
the best for a great weekend's continuing education -
Graham
P.S. Niall's is one of 22 expert, high conviction
presentations from Symposium 2016. From Monday,
we'll be loading each session so you can "attend"
them all
and earn CE hours, via the
online Symposium 2016 Resources Kit. |
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LATEST... |
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Secular stagnation or inflection point? The
post-crisis world in historical perspective
With a
growing number of central banks resorting to
negative interest rates and the IMF acknowledging
the risk of secular stagnation, investors could be
forgiven for feeling nervous. Yet there is some
evidence that the global economy may be at an
inflection point.
Niall Ferguson, Harvard University
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Resources
Chapter 1: The global economy is at an inflection
point
Chapter 2: Further evidence the secular stagnation
thesis is wrong
Chapter 3: Five key risks that could derail the
recovery
Chapter 4: Q&A Panel, featuring Dr Oliver Hartwich,
Dr Keith Suter & Tim Farrelly
Chapter 5: Thanks featuring Andrew Mehrtens |
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The global recovery is here - but may yet be
derailed
Economists and investors risk being blindsided by a
global upswing that is already underway, financial
historian Professor Niall Ferguson explained at
Symposium 2016.
Will Jackson, PortfolioConstruction Forum
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Opinion
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Brexit now and we will only have to Breturn
The lesson of history is that British isolationism
is a trigger for continental disintegration. A vote
for Brexit will mean Britain will have to "Breturn"
sooner or later, to sort out the ensuing mess.
Niall Ferguson, Harvard University
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Opinion
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The world will bounce back from the blues in the
loos
But if Trump confounds my Republican
friends by winning their party's nomination and then
the presidency, all bets will be off.
Niall Ferguson, Harvard University
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Opinion
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The Great Degeneration
Filmed
exclusively for PortfolioConstruction Forum,
Professor Niall Ferguson describes the
"institutional malaise" that is threatening 500
years of development in the West.
Niall Ferguson, Harvard University
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Opinion
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Member comments
Poor assumptions the problem, not Monte Carlo
analysis
Totally agree with the premise that using past
performance data in generating Monte Carlo
projections is of very dubious value...
Tim
Farrelly, farrelly's
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Investment
grade credit - income without capital
The
negative correlation between interest rates and
credit spreads is a powerful combination in a
portfolio context which helps reduce portfolio
volatility...
Robert Mead, PIMCO
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"Debt bubble" economics rules
Australia is increasingly resorting to a policy (if
you can call it that) of "debt bubble economics" -
exactly what caused bubbles and major busts in the
US and other economies in recent decades.
Dominic McCormick, Select Investment Partners
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Opinion
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Why Monte Carlo analysis is optimistically biased
Monte Carlo analysis is the most common tool used to
project portfolio values - yet it has an optimistic
bias that sizeably underestimate required retirement
savings.
James Lear, Guideway Financial
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3 comments
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White Paper
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China is falling into the middle income trap
As the
Chinese economy slows and policymakers struggle to
deal with a range of challenges, economic frictions
are mounting. Without more drastic reforms, China
will find it difficult to avoid the middle income
trap.
Alex Wolf, Standard Life Investments
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CE
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1 comment |
Resources
* Rated
in the top 10 presentations by Markets Summit 2016
delegates
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Gold stocks are not
just for the bears
Gold stocks have become a great addition to
portfolios - firstly based on expected returns, but
also for their strong diversification benefits given
a beta of almost nothing.
Olivia Engel, State Street Global Advisors
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Opinion
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US recovery - entering a new phase
Since mid-February, our confidence has strengthened
that the US economic recovery is moving into a new
phase as the middle class becomes a bigger driver of
growth.
Ronald Temple, Lazard Asset Management
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Opinion
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Member comments
Australia's good fortune
First, a caveat on banking lending surveys - they
measure whether lending conditions have tightened or
loosened over the latest quarter but not whether
lending conditions are 'tight' or loose'...
Robert Gay, Fenwick Advisers
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QE is not inflationary - a very valuable lesson
Tim, I am extremely surprised you would suggest that
this is fact, indeed a 'very valuable lesson' to be
learned. I disagree...
Malcolm Eves, Eastern Asset Management
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QE is not inflationary
The mystical non-reason you refer to is called a
balance sheet. Do the maths...
Tim
Farrelly, farrelly's
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Keep up to
date - follow us @PortfolioForum
There's no need to wait until
our weekly Forum Fodder email to know what's new with PortfolioConstruction Forum.
Just follow us on Twitter to hear as soon
as we release new articles on
PortfolioConstruction.com.au and
when registration opens for our onstage programs. |
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Connect with me on LinkedIn
We also
let my LinkedIn network know as soon as we release new articles on
PortfolioConstruction.com.au and
when registration opens for our live programs. If LinkedIn is more
your thing than Twitter,
I'd welcome you connecting. And of course, I'd
welcome having a offline direct conversation with
you any time. |
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