Over 2014 there has been a steady decline in the yield on German government bonds. As a result bunds have outperformed other developed markets. This outperformance could have been driven by two factors: The rising liquidity premium – the … [Read more...]
Multi-asset strategies essential
Multi-asset strategies essential as volatility continues, say Barings - Barings’ annual study of best and worst performing asset classes shows sharp swings in performance - While European equities top the 2012 list, the class was one … [Read more...]
An Energy Shambles in Deutschland
German companies now have to pay almost three times as much for electricity as their American competitors, according to a Siemens study. One reason is that there’s no supply in Europe of cheap shale gas. Another is the cost of huge … [Read more...]
Investing in Bonds: Is It Crazy
Most advisers say it’s crazy to invest in bonds. But then they would, wouldn’t they? Nearly all of them, and their clients, missed out on what has been one of the greatest bull markets in history for this asset class. According to BCA … [Read more...]
Europe as German Empire
A year ago I described Europe as being, in all but name, Germany’s empire of 500 million people – but one about to become a major burden. It would nevertheless stand by its “troubled empire.” Notwithstanding domestic opposition, Germany … [Read more...]