Europe

Global Economy Remains Upbeat, and That Creates Unease

May 11th, 2017|by Michael Ashley Schulman, Perspectives, The Big Picture|

Taste is not everything ;)

The world economy remains reasonably upbeat, and that creates unease.

  • U.S. companies are up and the Fed on track for rate rises
  • Puerto Rico is belly up, but France (and the European Union) are holding together
  • 100 days […]

Financial markets and economies bounced in and out of a deep pothole in the first quarter of 2016

May 16th, 2016|by Michael Ashley Schulman, Perspectives, The Big Picture|

Golden Gate 20pct

Financial markets and economies bounced in and out of a deep pothole in the first quarter of 2016 and the stomach churning reverberations continue to be felt in some investor stomachs.  The underlying strength of the US economy, led by consumer spending, is […]

Look forward to a new mediocre for the world economy

December 30th, 2014|by Michael Ashley Schulman, Perspectives, The Big Picture|

Look forward to a new mediocre for the world economy. Five years after the great recession, growth remains sluggish – conforming to the pattern of previous financial crises – but some countries suffer more than others. The U.S. has broken out of this malaise to the benefit of equities, but growth is lackluster because of […]

The recent sharp drop in the euro and risk assets underscores investor frustration

April 30th, 2010|by Michael Ashley Schulman, Perspectives, The Big Picture|

The recent sharp drop in the euro and risk assets underscores investor frustration that policymakers are still reactive rather than proactive in their attempts to end the fiscal crisis and contagion risk within the euro area. Authorities have provided a new package for Greece and the European Central Bank (ECB) relaxed its collateral requirements, but […]

With share prices having recovered from the subprime-related slump

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

With share prices having recovered from the subprime-related slump and in many cases making new highs, there are doubts as to whether the major central banks still have an incentive to drop rates. However, valid reasons remain for the G7 central banks in general and the Fed in particular to deliver more rate cuts:

  • Inflation is […]