credit

Several conditions have emerged from the market turmoil

September 30th, 2007|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

Several conditions have emerged from the recent market turmoil: tighter credit, deflating real estate, monetary reflation, and a weak dollar. The strong themes emerging from these circumstances are: A) We are probably past the worst and won’t face recession; and B) We will see higher equity markets, stronger export growth and increased commodity prices.

Financial companies […]

Half way through the year, markets appear very different

May 31st, 2007|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

Nearly half way through the year, the markets appear very different to most observers than they did at year end:

  • Private Equity (PE) acquisitions are achieving new records
  • Foreign central banks and wealth coffers are refocusing their US investments
  • Domestic housing and subprime mortgage woes have worsened
  • Inflation concerns are more tangible

None-the-less, our outlook for relatively strong US and […]